in Industrial and Corporate Change
April 2012; p ublished online August 2011 .
Journal Article. Subjects: History of Financial Markets and Institutions; Mergers and Acquisitions; Firm Objectives, Organization, and Behaviour; Banking; Market Structure, Firm Strategy, and Market Performance. 14310 words.
In this article, we explore the structure and implications of interbank networks in prewar Japan, focusing on director interlocking. We find that approximately half the banks had at least...
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in The Review of Financial Studies
April 2011; p ublished online October 2009 .
Journal Article. Subjects: Information, Knowledge, and Uncertainy; Corporate Governance; Financial Institutions and Services; Banking; Investment Banking; Market Structure, Firm Strategy, and Market Performance; History of Financial Markets and Institutions. 30361 words.
We find that repeated borrowing from the same lender translates into a 10–17 bps lowering of loan spreads and that relationships are especially valuable when borrower transparency is low....