Bank financing and corporate governance

Extant literature suggests that bank monitoring improves corporate governance. This paper demonstrates that inefficiency in banking can also significantly reduce the equity capital markets' disciplinary power. Specifically, we show that in an environment in which the banking system is dominated...

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Veröffentlicht in:	Journal of corporate finance (Amsterdam, Netherlands) Netherlands), 2015-06, Vol.32, p.258-270
Hauptverfasser:	Qian, Meijun, Yeung, Bernard Y.
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank financing Bank loans Banking Banking industry Capital markets Corporate governance Equity capital Financing Loan pricing Studies Tunneling
Online-Zugang:	Volltext
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