Does Bank Liquidation Affect Client Firm Performance? Evidence from a Main Bank Failure in Japan

Several empirical studies have supported the hypothesis that bank relationships have economic value. By examining the effect of a Japanese bank failure on the profitability of client firms, this paper shows that the impact of a bank failure on clients depends on clients depends on the client's characteristics and the method of bank liquidation, and that the value of bank relationships has been overstated in the previous studies.

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Year of publication:	2004-04
Authors:	Masahiro, HORI
Institutions:	Economic and Social Research Institute (ESRI), Cabinet Office
Subject:	bank relationship \| bank failure \| private information \| event study

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Extent:	application/pdf
Series:	ESRI Discussion paper series.
Type of publication:	Book / Working Paper
Notes:	13 pages
Classification:	G21 - Banks; Other Depository Institutions; Mortgages ; G14 - Information and Market Efficiency; Event Studies
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011115639