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Traditional theory suggests that higher bank profitability (or franchise value) dissuades bank risk-taking. We highlight an opposite effect: higher profitability loosens bank borrowing constraints. This enables profitable banks to take risk on a larg
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=od______1687::75caac774b3a09b98dba063bd750befd
https://hdl.handle.net/10419/200064
https://hdl.handle.net/10419/200064
