de Jong, de Jong, A.; Roosenboom, Roosenboom, P.G.J.; … - Erasmus Research Institute of Management (ERIM), … - 2005
We examine fees on bonds issued by Japanese corporations during the 1994-2002 period. We relate fees to firms …’ membership of bank-led (financial) keiretsu. For the full sample of firms, we establish a positive relation between fees and risk … factors. Over time, we find that fees have increased for those firms that are related to financial keiretsu, even after …