Ketsuna, Kenji; Smith, Janet Kiholm; Smith, Richard L. - Economics Department, Claremont McKenna College - 2003
-known firms. When a firm in Japan goes public, it can engage an investment bank that is related through a common main bank, or can … select an alternative investment bank. The main bank relationship can be an efficient way for the investment bank to acquire … information generated by the main bank, but may give rise to conflicts of interest. We use data from two different investment …