| Item type |
デフォルトアイテムタイプ（フル）その２(1) |
| 公開日 |
2025-07-31 |
| タイトル |
|
|
タイトル |
Wall of Main Bank : Bank Megamerger and Lending Adjustment |
|
言語 |
en |
| 作成者 |
IMANI, Yusuke
MINAMI, Koutaroh
|
| 寄与者 |
|
|
寄与者タイプ |
Editor |
|
|
姓名 |
Hitotsubashi University Center for Financial Research |
|
|
言語 |
en |
| アクセス権 |
|
|
アクセス権 |
open access |
|
アクセス権URI |
http://purl.org/coar/access_right/c_abf2 |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
Bank merger |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
Main bank |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
Borrowing portfolio |
| 主題 |
|
|
言語 |
en |
|
主題Scheme |
Other |
|
主題 |
Bunching estimator |
| 内容記述 |
|
|
内容記述タイプ |
Abstract |
|
内容記述 |
In a financial system where the bank loan share ranking in a firm’s borrowing portfolio holds strategic importance, changes in ranking due to bank mergers can incur additional costs for firms and banks. Using a large megabank merger in the 2000s, we find that (1) merged bank adjusts lending volume downward after the merger to avoid being top loan share ranking, but (2) this reduction does not harm the firm’s investment and funding since the top share bank at the pre-merger increases its lending. Based on the findings of the lending adjustment by the merged bank, we employ a fuzzy bunching estimator to quantify the net adjustment costs, reaching up to 4.5% of the profit on the margin. Our results reveal a new mechanism by which bank mergers generate costs and who bears those costs. |
|
言語 |
en |
| 出版者 |
|
|
出版者 |
Hitotsubashi University Center for Financial Research |
| 日付 |
|
|
日付 |
2025-05 |
|
日付タイプ |
Issued |
| 言語 |
|
|
言語 |
eng |
| 資源タイプ |
|
|
資源タイプ識別子 |
http://purl.org/coar/resource_type/c_18gh |
|
資源タイプ |
technical report |
| 出版タイプ |
|
|
出版タイプ |
VoR |
|
出版タイプResource |
http://purl.org/coar/version/c_970fb48d4fbd8a85 |
| 関連情報 |
|
|
関連タイプ |
isPartOf |
|
|
言語 |
en |
|
|
関連名称 |
Working Paper Series ; No. G-1-29 |
| ページ数 |
|
|
ページ数 |
65 |
| JEL |
|
|
値 |
G21 |
| JEL |
|
|
値 |
G34 |
070hcfrWP_1_029.pdf (3.0 MB)
