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This paper investigates whether the health of a bank affects the client firm's capital structure and then leads to inefficiency in the client firm's decision-making. Using the Japanese IPO dataset from 1996 to 2005 when bank sectors suffered liquidity shortages and IPO booms occurred at the same...
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banks in each Europe, Germany and USA between 1994-2009. We identified different main reasons for the banks in each region …
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