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Acquired_dummy is equal to 0 for the year when the firm borrows from a relationship bank but before the bank is acquired, 1 on the year and after the bank is acquired until the maturity of the loan. Acquired_dummy is also 0 from the year of borrowing to maturity for the firms that have relationship bank loans from banks that were not acquired. The period of analysis is between 1991 and 2011.
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