Showing 1 - 10 of 10
This paper considers whether local bank participation exerts an impact on the spreads for syndicated loans in Russia … variables including information on local bank participation and the characteristics of loans and borrowers. Unlike earlier … local presence may influence a foreign bank's monitoring ability and access to information about borrowers. We observe no …
Persistent link: https://www.econbiz.de/10012148582
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
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
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
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/10013110210
The objective of this paper is to investigate whether the participation of local banks exerts an impact on the spreads of syndicated loans in Russia. Following Berger, Klapper and Udell (2001), we aim to test whether local banks possess a superior ability to solve information asymmetries. In...
Persistent link: https://www.econbiz.de/10005811651
bank participation, suggesting that domestic banks are less cautious in their risk management. …
Persistent link: https://www.econbiz.de/10008784496