What are the determinants of the number of bank relations of Japanese firms?
We explore the determinants of the number of bank relations of listed Japanese firms in a unique data set covering 1982-1999. Japanese firms had about 7 long-term and 8 short-term bank loan relations on average. We present a statistical description of the bank relations in terms of size, financing structure, ownership, and firm activity. We analyze the determinants of the choice for the number of bank relations. Larger firms have a lower concentration of individual loan sets. Having a main bank relation also reduces the number of bank relations, while debt-rich and cash-poor firms have more bank relations.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: +31 50 363 7185
Fax: +31 50 363 3720
Web page: http://ccso.eldoc.ub.rug.nl/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:dgr:rugccs:200203. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joke Bulthuis)
If references are entirely missing, you can add them using this form.