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The Value of Lending Relationships

Author

Listed:
  • Thomas Ruchti
  • Andrew Bird
  • Stephen A. Karolyi
  • Michael Hertzel

Abstract

In this paper, the authors estimate, for the first time, the economic value of lenders’ relationships to borrowers (Working Paper no. 24-02).

Suggested Citation

  • Thomas Ruchti & Andrew Bird & Stephen A. Karolyi & Michael Hertzel, 2024. "The Value of Lending Relationships," Working Papers 24-02, Office of Financial Research, US Department of the Treasury.
    • Handle: RePEc:ofr:wpaper:24-02
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