Showing 1 - 10 of 15
We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an … January 2000 and December 2009. We find a significant and negative reaction to bank loan announcements which is mostly driven … by loan provided during the crisis period. We also document significant changes in bank behavior over the boom and bust …
Persistent link: https://www.econbiz.de/10013105186
lead bank's reputation in making future syndicated loan participation and lending decisions. We apply ordered probit … European syndicated lending market between 1999 and 2009. We find that the prestige of the lead bank in the first syndicate … this effect drops to 30% when syndicating with a top 20 arranger. Establishing participant-lead bank relationships …
Persistent link: https://www.econbiz.de/10013072075
This article provides empirical evidence on the determinants of multiple bank loan renegotiations in Europe over the …
Persistent link: https://www.econbiz.de/10013072819
The aim of this paper is to empirically investigate the determinants of creditor concentration in the use of bank loans … relative to bank lending concentration. We find that firms tend to diversify sources of financing by reducing bank …
Persistent link: https://www.econbiz.de/10013157547
Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013, this study shows that some regulatory changes indeed...
Persistent link: https://www.econbiz.de/10012968060
When firms borrow in foreign currency but collect revenues in local currency, exchange rate changes can affect their ability to repay their debt. Using loan-level data from U.S. banks' regulatory filings, this paper studies the effect of exchange rate changes on firms' loan payments. A 10...
Persistent link: https://www.econbiz.de/10012853395
I investigate the effects of bank loan renegotiation on firm's financial and investment policies, and performances. I … long-time period. I find that bank loan renegotiation has an economically significant and causal impact on financial policy …, implying important effects of firm's tangibility, growth, opportunities and cash on financial policy and performances. Bank …
Persistent link: https://www.econbiz.de/10012929829
Domestic prudential regulation can have unintended effects across borders and may be less effective in an environment where banks operate globally. Using U.S. micro-banking data for the first quarter of 2000 through the third quarter of 2013, this study shows that some regulatory changes indeed...
Persistent link: https://www.econbiz.de/10013210449
prediction using a sample of more than 3,000 loans from 19 European countries. We perform regressions of the number of bank …
Persistent link: https://www.econbiz.de/10013147232
This paper documents that an appreciation of the U.S. dollar is associated with a reduction in the supply of commercial and industrial loans by U.S. banks. An increase in the broad dollar index by 2.5 points (one standard deviation) reduces U.S. banks' corporate loan originations by 10 percent....
Persistent link: https://www.econbiz.de/10012004720