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Persistent link: https://www.econbiz.de/10011885751
portfolio; however, the ideal lending portfoliocomposition in Islamic banks should be an equity-based lending portfolio. This … article explores the effects of the internal governance factors on lending portfolio compositionofIslamic banks in the GCC … size and Shariah board cross-membership, have significant effects on lending portfolio composition of Islamic banks in the …
Persistent link: https://www.econbiz.de/10014420389
average bank borrowing costs, it's ostensible target. In this paper we provide two types of evidence that this is the case. We … first show that bank quotes in the Libor survey are difficult to rationalize by observable cost measures, including a given … bank's quotes in other currency panels. Our second type of evidence is based on a simple model of bank quote choices in the …
Persistent link: https://www.econbiz.de/10013146864
information frictions. We investigate whether financial statement complexity is associated with firms' reliance on bank financing … and with the terms of bank loans. We focus on two dimensions of complexity that capture the volume and presentation of … information: 10-K length and readability. First, we document that complexity is positively associated with firms' reliance on bank …
Persistent link: https://www.econbiz.de/10012898767
We analyze whether the disaggregation quality (DQ) of a borrower's financial statement is associated with its bank loan … pricing. We find that firms with low DQ have high bank loan spreads and total cost of borrowing. These results are more … information to bank loan lenders …
Persistent link: https://www.econbiz.de/10012900112
Persistent link: https://www.econbiz.de/10009570159
The London Interbank Offered Rate (LIBOR) is a widely used indicator of funding conditions in the interbank market. As of 2013, LIBOR underpins more than $300 trillion of financial contracts, including swaps and futures, in addition to trillions more in variable-rate mortgage and student loans....
Persistent link: https://www.econbiz.de/10010393220
empirical relationship between bank analyst rate expectations and FRA-positioning has been weak. However, in times of greater …
Persistent link: https://www.econbiz.de/10010222120
We present a quantitative study of the markets and models evolution across the credit crunch crisis. In particular, we focus on the fixed income market and we analyze the most relevant empirical evidences regarding the divergences between Libor and OIS rates, the explosion of Basis Swaps...
Persistent link: https://www.econbiz.de/10013115115
Although most money market mutual funds hold floating rate instruments to some extent, funds rarely identify the market rate that any individual holding floats on. This makes it difficult to determine (directly) a fund's exposure to Libor manipulation. Effective Libor exposure possibly is...
Persistent link: https://www.econbiz.de/10013100391