Banks play a role in the corporate governance of firms as well as acting as debtfinanciers around the world. Universal banks can have control over borrowing firmsby representation on the board of directors or by holding shares through direct stakesor institutional holdings. We investigate the...

Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct stakes or institutional holdings. We investigate the...