Does Bank Liquidation Affect Client Firm Performance? Evidence from a Main Bank Failure in Japan

Masahiro Hori

ESRI Discussion paper series from Economic and Social Research Institute (ESRI)

Abstract: Several empirical studies have supported the hypothesis that bank relationships have economic value. By examining the effect of a Japanese bank failure on the profitability of client firms, this paper shows that the impact of a bank failure on clients depends on clients depends on the client's characteristics and the method of bank liquidation, and that the value of bank relationships has been overstated in the previous studies.

Keywords: bank relationship; bank failure; private information; event study JEL classification: G21; G14 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2004-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.esri.go.jp/jp/archive/e_dis/e_dis110/e_dis102a.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 500 Can't connect to www.esri.go.jp:80 (No such host is known. )

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:esj:esridp:102

Access Statistics for this paper

More papers in ESRI Discussion paper series from Economic and Social Research Institute (ESRI) Contact information at EDIRC.
Bibliographic data for series maintained by HORI nobuko ( this e-mail address is bad, please contact ).