Ono, Arito; Suzuki, Katsushi; Uesugi, Iichiro - 2023
This study empirically examines the impact of an exogenous decrease in banks’ shareholding on bank loans and firms …’ risk-taking, utilizing a regulatory change in Japan relating to banks’ shareholding as an instrument. We find that an … exogenous reduction in a bank’s shareholding decreased the bank’s share of loans in the client firm’s total loans, while it …