Relationship banking and debt choice: Evidence from Japan

研究成果: Review article査読

17 被引用数 (Scopus)

抄録

The purpose of this paper is to test hypotheses regarding the mix of bank borrowing and bonds that occur under relationship banking, thereby constructing a detailed data set on the debt structure of large Japanese firms from the late 1980s to the 1990s. We show that debt choice is affected by main bank relationships, in the sense that successful firms with strong bank ties are much more likely to issue public bonds than resort to bank borrowing.

本文言語English
ページ(範囲)408-418
ページ数11
ジャーナルCorporate Governance: An International Review
13
3
DOI
出版ステータスPublished - 2005 5

ASJC Scopus subject areas

  • ビジネス、管理および会計(全般)
  • 戦略と経営
  • 技術マネージメントおよび技術革新管理

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