transition countries. The survey contains details on 3,105 recent bank loans. At the firm level, our findings suggest that firms …. However, foreign bank presence, weak corporate governance and the absence of capital controls encourage foreign currency …

, and firms use non-bank finance - including trade credits and barter trade - to finance production. The banking failure …

‘lemons’ problem is severe, it is optimal to establish a relationship with more than one bank in spite of higher transaction … concludes with a comparison of bank-firm relationships in Italy and the United States, characterized respectively by multiple …

requested and granted currency for more than hundred thousand loans granted by one bank to sixty thousand different firms. This … suggests that the bank lends in foreign currency, not only to less risky firms, but also when the firm requests a long …-term loan and when the bank itself has more funding in euro. These results imply that foreign currency borrowing in Eastern …

, and bank mergers. We find that not all companies are equally sensitive to events in the banking sector. The most affected … are the most affected when banks reduce lending. Our results are also in line with theories suggesting that bank debt is …

We examine the interdependency between loan officer compensation contracts and commercial bank internal reporting … systems (IRSs). The optimal incentive contract for bank loan officers may require the bank headquarters to commit not to act … information flow within the bank. We show that origination fees for loan officers emerge naturally as part of the optimal contract …

bank-centred corporate groups monitor firms by reducing activities with scope for managerial moral hazard such as …