Jong, A. de; Roosenboom, P.G.J.; Schramade, W.L.J. - Erasmus Research Institute of Management (ERIM), ERIM … - 2005
€™ membership of bank-led (financial) keiretsu. For the full sample of firms, we establish a positive relation between fees and risk … factors. Over time, we find that fees have increased for those firms that are related to financial keiretsu, even after … controlling for risk factors. But during the same period, fees have fallen for firms not belonging to keiretsu. It seems that …