Stephan, Andreas; Tsapin, Andriy; Talavera, Oleksandr - In: Emerging Markets Finance and Trade 48 (2012) 2, pp. 76-93
We examine firms' motivation to change their main bank and how this switch affects loans, interest payments, and firm performance. Applying treatment effect analysis to unique firm-bank matched Ukrainian data, we find that larger and more highly leveraged companies are more likely to switch...