التفاصيل البيبلوغرافية
| العنوان: |
Changing banking relationships and client-firm performance: Evidence from Japan for the 1990s. |
| المؤلفون: |
Tsuruta, Daisuke1 tsuruta.daisuke@nihon‐u.ac.jp |
| المصدر: |
Review of Financial Economics. Sep2014, Vol. 23 Issue 3, p107-119. 13p. |
| مصطلحات موضوعية: |
*BANKING industry, *CUSTOMER relations, *ORGANIZATIONAL performance, *DISTRESSED securities, *ECONOMIC shock, *BUSINESS enterprises |
| مصطلحات جغرافية: |
JAPAN |
| مستخلص: |
The extant literature generally suggests that the performance of client firms deteriorates if their distressed main bank reduces the supply of credit. However, this insight is only consistent with the notion that main banks have an information advantage over other banks to the extent that a client firm has trouble getting access to credit if the firm changes its main bank. This paper shows that Japanese firms did change their main banking relationship when their main banks become distressed in a period with financial shocks. Surprisingly, these firms did not suffer from loss of access to credit and actually their performance significantly improved after their change of main banks. [ABSTRACT FROM AUTHOR] |
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| قاعدة البيانات: |
Business Source Index |
