Publication:
A main bank approach to financial contracting

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorGarcía Cestona, Miguel A.
dc.contributor.authorTribo Gine, José Antonio
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned2010-01-20T10:38:41Z
dc.date.available2010-01-20T10:38:41Z
dc.date.issued1998-05
dc.description.abstractThis paper analyzes the costs and benefits of using a Main Bank (MB) as a financial provider. Several banks lend resources to a particular firm but only one monitors and remains responsible to other participants. These inside banks act as fund providers for the project, exchanging roles by the time other projects are considered. We show how, depending on firms quality and the banks skills to monitor, an MB-contract outperforms other arrangements. This type of financial relationship is particularly prominent in the Japanese marketplace, and in spite of recent setbacks, we believe sorne of its features have the potential to be implemented in other marketplaces.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10016/6543
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Business Economics
dc.relation.ispartofseries98-35-05
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.subject.jelD21
dc.subject.jelG21
dc.subject.jelG30
dc.subject.jelG32
dc.subject.otherMain bank
dc.subject.otherCorporate governance
dc.subject.otherFinancial contract
dc.titleA main bank approach to financial contracting
dc.typeworking paper*
dspace.entity.typePublication
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