In this paper, we investigate the impact of bank mergers on the lending relationship and on client-firm performance. We … study bank mergers that have occurred in Japan since 2000 and find that banks reduce the loan amounts for firms with which …, and the kink point is 5%. Using the bank merger events and the 5% rule as the exogenous shock for blockholders, our …

A puzzling but consistent result in the empirical literature on banking is that firms with close bank ties do not grow … faster than bank-independent firms. In this paper, we reconsider the link between relationship lending and firms' growth … and health status. We explore the influence of long-lasting bank relationships on employment and asset growth of a large …

what non-bank shareholders achieve. Proxy-voting rights apparently do not provide a significant means for banks to exert …

legal institutions. In this article, we challenge this assertion with empirical findings that show bank credit allocation … ineffective tool for channeling bank credit to the most profitable investors. Using a two-stage empirical approach, we find … evidence that banks place greater value on connections than performance and that the firms with greater access to bank loans …

information, especially when the firm has a poor hard information environment or when the bank and loan officer rely less on hard …

distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm’s main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank’s portfolio. We test our theoretical predictions for a sample of …

distributed between inventors and investors. As a result, bank lending for firm R&D has been rare. However, firms can signal the … potential to alter the risk assessment of the firm’s main bank. Additionally, we explore heterogeneities in these risk … assessments arising from the industry level and the main bank’s portfolio. We test our theoretical predictions for a sample of …