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Table 1.

Variable Definition.

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Table 2.

Baseline Regression Results.

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Table 3.

Mechanism-Mediating-Salary.

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Table 3 Expand

Table 4.

Mechanism-Moderating.

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Table 5.

Robustness Test.

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Table 6.

Robustness test of regression results controlling for firm-level borrowing indicators.

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Fig 1.

Placebo test.

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Table 7.

Endogeneity Test.

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Table 7 Expand

Table 8.

Heterogeneity.

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Table 9.

Heterogeneity analysis of dimensions of bank-firm relationships.

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