We examine firms' motivation to change their main bank and how this switch affects loans, interest payments, and firm … leveraged companies are more likely to switch their main bank. Importantly, firms tend to switch to a new main bank that holds a …

This paper shows how main bank rent extraction affects corporate decisions about investment and financing during … financial regulatory reform. Our model predicts that limited loanable funds can initially contain main bank controlled … for the banks to diversify risk. The insights from this analysis help explain why Japan’s main bank system was beneficial …

, there is no strong evidence that bond spreads are significantly lowered by bank entry. A main bank relationship between the …

We develop a main bank model where the main bank decides whether or not to raise additional funds from the capital … nonmain banks is more likely to force the main bank to perform efficiently in handling troubled loans, thereby preventing … amount funded by nonmain banks. The theoretical results provide both efficiency evaluations for the renewal of the main bank …

We examine firms’ motivation to change their main bank and how this switch affects loans, interest payments, and firm … leveraged companies are more likely to switch their main bank. Importantly, firms tend to switch to a new main bank that holds a …

We examine firms' motivation to change their main bank and how this switch affects loans, interest payments and firm … and highly leveraged companies are more likely to switch their main bank. Importantly, firms tend to switch to a new main … bank which holds a higher share of equity in the firm and thereby has stronger power. The results also suggest that firms …

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 banking regimes in …

-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 …