Konishi, Masaru; Suzuki, Katsushi - In: Hitotsubashi Journal of commerce and management 41 (2007) 1, pp. 19-36
Using Japanese IPOs, this paper empirically examines the roles that bank-affiliated venture capital firms play in mitigating information asymmetries that are detrimental in small business lending. We find that concurrent bank lending and investing via venture capital subsidiaries benefits firms...