التفاصيل البيبلوغرافية
| العنوان: |
Does managerial bank relationship network matter corporate resilience? Evidence from the COVID-19 crisis. |
| المؤلفون: |
Niu, Ruiyang1 (AUTHOR) RYNiu@mail.nwpu.edu.cn, Chen, Lin1 (AUTHOR) chenlin@nwpu.edu.cn, Jin, Liang1,2 (AUTHOR) jinliang@jxufe.edu.cn, Xie, Guanghua1 (AUTHOR) guanghuaxie@foxmail.com, Zhao, Longfeng1 (AUTHOR) zlf@nwpu.edu.cn |
| المصدر: |
International Review of Economics & Finance. Jan2024:Part A, Vol. 89, p855-877. 23p. |
| مصطلحات موضوعية: |
*COVID-19 pandemic, *FINANCIAL bailouts, *GOVERNMENT ownership of banks, *WORK experience (Employment), *GOVERNMENT aid, *BANKING industry |
| مستخلص: |
This study examines the effect of managerial bank relationship networks on corporate resilience to the COVID-19 crisis. We find that managerial bank relationship network helps firms experience fewer losses and recover more quickly during the COVID-19 crisis. We document that managerial bank relationship networks help firms build corporate resilience by facilitating financing accessibility. Further analysis shows that its positive effect is more significant if managers have state-owned bank work experience or have a higher bank hierarchy. Furtherly, the positive effect of the managerial bank relationship network is primarily found in firms with less government support and low marketization regions. These findings provide new insights on enhancing corporate resilience and prompting the bailout policies implementation by stimulating the positive role of managerial bank relationship network. • This paper investigates how managerial bank relationship networks affect corporate resilience to the COVID-19 crisis and its potential mechanisms. • The mechanism is related to facilitating financing availability during the COVID-19 crisis. • The more positive effect is found in firms with less government bailout and low marketization regions. • Managerial bank relationship networks are more important when managers have state-owned bank experience or a higher hierarchy in banks. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |
