Elijah Brewer, III; Genay, Hesna; Hunter, William Curt; … - Center for Pacific Basin Monetary and Economic Studies, … - 2002
In this paper, we provide evidence on the value of banking relationships by examining the stock market valuation impact of three large bank failures in Japan in 1997 and 1998 on their clients and the clients of surviving banks. Bank failures are theorized to have adverse consequences for other...
