Stephan, Andreas; Tsapin, Andriy; Talavera, Oleksandr - Centre of Excellence for Science and Innovation … - 2009
We examine why firms change their main bank and how this affects loans, interest payments and firm performance after … riskier companies are more likely to switch their main bank. Importantly,main bank power, measured by equity holdings, appears … changing their main bank as they have to contend with higher interest payments. …