consider the tradeoff between the benefits of direct bank monitoring to the firm and the costs of active bank involvement in …

sample that tracks job movement of top managers, we find that managerial style is a critical factor that explains a large … firm performance and corporate decisions, implying that certain managers achieve better firm performance via lower cost of … capital and other desirable non-price loan terms. We further find direct evidence that banks “follow” managers’ job changes …

proven that the higher loan market share the bank has acquired after the merger, the higher EVA it has achieved. …

findings. First, acquiring firms did not gain from their acquisitions. Second, acquirers with stronger bank ties experienced … larger wealth loss than those with weaker bank ties. These results are consistent with the hypothesis that banks played a …

financial system, on competition in the market forbanking and financial services, and on the reallocation of bank ownership …