期刊名称：DIW Diskussionspapiere / Deutsches Institut für Wirtschaftsforschung, Berlin
出版年度：2009
卷号：2009
出版社：Deutsches Institut für Wirtschaftsforschung, Berlin
摘要：We examine why firms change their main bank and how this affects loans, interest
payments and firm performance after switching. Using unique firm-bank matched
Ukrainian data, the treatment effect estimates suggest that more transparent and
riskier companies are more likely to switch their main bank. Importantly, main
bank power, measured by equity holdings, appears to be one of the main drivers
of firm switching behavior. Furthermore, we find that firms have lower
performance after changing their main bank as they have to contend with higher
interest payments.
关键词：Financial constraints, switching, main bank power, firm performance, Ukraine
