Social capital and cost of bank loans during the financial crisis
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This study examines the effect of the lender’s social capital on the link between the borrower’s social capital and the cost of bank loans. We exploit the last financial crisis as an exogenous shock to trust during which social capital becomes more valuable. Our findings suggest that when a lender’s social capital is high, borrowers with high social capital pay 46.22 basis points less on their bank loans than those with low social capital.
Hmaittane , A , Mnasri , M , Bouslah , K & M’Zali , B 2021 , ' Social capital and cost of bank loans during the financial crisis ' , International Management , vol. 25 , no. 2 , pp. 107-123 . https://doi.org/10.7202/1077787ar
Copyright © Management international / International Management / Gestión Internacional, 2021. This work has been made available online in accordance with publisher policies or with permission. Permission for further reuse of this content should be sought from the publisher or the rights holder. This is the author created accepted manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at https://doi.org/10.7202/1077787ar
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