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Does bank failure affect client firms? Micro evidence from Estonia

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Author Info
Karin Joeveer

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Abstract

I explore the effect of a bank's failure on its client firms using the 1998 bankruptcy of a middle-sized Estonian bank.I compare the performance of firms receiving credit from the bankrupt bank to that of a randomly selected set of firms between 1996 and 2000.I find the client firms to be less likely to survive until the end of the sample frame even after controlling for their performance before the bank bankruptcy.

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Publisher Info
Paper provided by The Center for Economic Research and Graduate Education - Economic Institute, Prague in its series CERGE-EI Working Papers with number wp224.

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Date of creation: May 2004
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Handle: RePEc:cer:papers:wp224

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Related research
Keywords: Bank failure; Client firm performance; Firm bankruptcy;

Find related papers by JEL classification:
G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies
G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Mortgages
G3 - Financial Economics - - Corporate Finance and Governance

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