Resource title

Bank control and the number of bank relations of Japanese firms

Resource image

image for OpenScout resource :: Bank control and the number of bank relations of Japanese firms

Resource description

We explore the determinants of the number of long-term bank relations of listed Japanese firms using a unique data set covering the period 1982-1999. Japanese listed firms have about seven long-term bank loan relations on average, but show a large variation around the average. We analyze the determinants of the choice for the number of bank relations. We use data on loan and equity ownership to address the impact of the Japan-specific bank-firm relations and bank control on the number of loans decision. Having a relation with a topequity holding bank reduces the number of bank relations, while debt-rich and cash-poor firms have more bank relations.

Resource author

Kazuo Ogawa, Elmer Sterken, Ichiro Tokutsu

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19053

Resource license

Adapt according to the presented license agreement and reference the original author.