associated with the role of debt and non-debt tax shields at the bank level, as well as agency and governance conflicts and …

informational asymmetry between the firm and the lender, which is in mostly a bank. The banks finance the direct investment projects … compounded of five risk classes established according to risk methodologies specific for each bank. The cost of capital is …

disciplining role are based on inadequate theory lacking empirical support. We conclude that bank equity is not socially expensive …

A bank that needs a public bail-out to avoid liquidation can use financial contracts to provide contingent liquidation … bank’s financial condition decreases welfare if the government is strongly pro-continuation. …

results based on a panel of Dutch firms show that bank relationships, measured by interlocking board memberships and equity … ownership, have a significant impact on the relations among the three capital structure choices. First, less bank involvement … help firms to mitigate liquidity risk. Second, bank debt negatively effects leverage in firms with bank interlocks, while …