Does bank failure affect client firms? Micro evidence from Estonia

I explore the effect of a bank's failure on its client firms using the 1998 bankruptcy of a middle-sized Estonian bank.I compare the performance of firms receiving credit from the bankrupt bank to that of a randomly selected set of firms between 1996 and 2000.I find the client firms to be less likely to survive until the end of the sample frame even after controlling for their performance before the bank bankruptcy.

MoreLess

Year of publication:	2004-05
Authors:	Joeveer, Karin
Institutions:	Center for Economic Research and Graduate Education and Economics Institute (CERGE-EI)
Subject:	Bank failure \| Client firm performance \| Firm bankruptcy

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	CERGE-EI Working Papers.
Type of publication:	Book / Working Paper
Classification:	G14 - Information and Market Efficiency; Event Studies ; G21 - Banks; Other Depository Institutions; Mortgages ; G3 - Corporate Finance and Governance
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005178139