, leading to hold-up problems. In this paper, we show that firms can reduce this informational gap by forming deposit … relationships with outside banks, thereby attenuating hold-up. Using unique data on the deposit and lending relationships of all … obtain significantly better loan conditions upon switching. In line with informational hold-up theory, these effects are …

, leading to hold-up problems. In this paper, we show that firms can reduce this informational gap by forming deposit … relationships with outside banks, thereby attenuating hold-up. Using unique data on the deposit and lending relationships of all … obtain significantly better loan conditions upon switching. In line with informational hold-up theory, these effects are …

The paper studies the canonical hold-up problem with one-sided investment by the buyer and full ex post bargaining … is strictly higher than in the benchmark when valuations are public information, thus alleviating the hold-up problem. In … fact, when costs are mean-based or display decreasing risk, the hold-up problem may disappear completely. Moreover, the …