Stephan, Andreas; Tsapin, Andriy; Talavera, Oleksandr - Centre of Excellence for Science and Innovation … - 2009
We examine why firms change their main bank and how this affects loans, interest payments and firm performance after … switching. Using unique firm-bank matched Ukrainian data, the treatment effect estimates suggest that more transparent and … riskier companies are more likely to switch their main bank. Importantly,main bank power, measured by equity holdings, appears …