Are banks still important for financing large businesses?

Saidenberg, Marc R.; Strahan, Philip E.

Journal Article

Are banks still important for financing large businesses?

Abstract: As more corporations turn to the securities markets to meet their funding needs, the role of banks as providers of credit to large businesses seems increasingly uncertain. But a look at developments during the financial market turmoil last fall suggests that banks are still a critical source of liquidity at times of economic stress.

Keywords: Bank loans; Commercial loans; Financial crises;