Bank lending to large companies : a test of whether banks obtain inside information
This thesis reviews the theory and evidence on bank lending to companies and uses an event study to test the hypothesis that banks obtain inside information about borrowers. The argument is that a stock market response to announcements concerning bank loans indicates that banks do obtain inside info...
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University of Edinburgh
1995
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| Online Access: | http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.641060 |