We studied information and interaction processes in six lending relationships between a universal bank and medium sized …, bank monitoring is based mainly on cheap, retrospective and internal data. In case of distress, more expensive, prospective … firm's investments might leave the bank in a very strong bargaining position and distort investment incentives. Therefore …

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms …. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent … assertions about the considerable power of German banks and the advantages of a bank relation, empirical support is mixed. With a …

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms …. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent … assertions about the considerable power of German banks and theadvantages of a bank relation, empirical support is mixed. With a …

stakes or institutional holdings. We investigate the effects of these bank-firm governance links on the global syndicated … the endogeneity of the bank-firm governance link. Our findings suggest that the benefits of bank involvement in firms …

We investigate the effects of bank control over borrower firms whether by representation on boards of directors or by … the holding of shares through bank asset management divisions. Using a large sample of syndicated loans, we find that … banks are more likely to act as lead arrangers in loans when they exert some control over the borrower firm. Bank …