Showing 1 - 10 of 16
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
Central Bank's policy-rate cuts in mid-2014. The pass-through of the rate cuts to banks' funding costs differs across the euro … provide a simple model of an augmented bank balance-sheet channel where in addition to costly external financing, there is …
Persistent link: https://www.econbiz.de/10013163037
in France whose rates are set by the government. Using administrative credit-registry and regulatory bank data, we find …
Persistent link: https://www.econbiz.de/10013163182
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
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
how the transmission depends on bank balance sheets, and how this changes once policy rates become negative. We review the …
Persistent link: https://www.econbiz.de/10012518247
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
Bank deregulation in the form of the repeal of the Glass-Steagall Act facilitated the entry of non-bank lenders into … conventional view that regulatory arbitrage caused the rise of non-bank lenders. …
Persistent link: https://www.econbiz.de/10014533282