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The impact of non-performing loan sales on the stock market : the role of corporate governance in an emerging market
Pirgaip, Burak; Uysal, Aydın - In: Borsa Istanbul Review 23 (2023) 3, pp. 674-684
Over the past decade, one popular way for Turkish banks to remove nonperforming loans (NPLs) from their balance sheets has been to sell them to asset management companies. We examine the short-term market reaction to the announcements of such NPL sales over the period 2009-2019. We also consider...
Persistent link: https://www.econbiz.de/10014308822
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The vanishing interest income of Chinese banks
Kauko, Karlo - 2020
Chinese banks likely have more non-performing loans (NPLs) than officially reported. As hidden NPLs earn no interest income, loan quality problems may erode the gross interest income of banks. Using stochastic frontier analysis, we estimate the interest income of a hypothetical...
Persistent link: https://www.econbiz.de/10012614224
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How asset management companies can help tackle the NPL crisis : a state aid perspective within the resolution framework
Grünewald, Seraina Neva; Louisse Read, Marije L. - 2022
The lingering pandemic and associated lockdown measures have undoubtedly an impact on banks’ balance sheets. It is expected that the ratio of banks’ non-performing loans (NPLs) will raise significantly once Member States fully unwind the support measures introduced to contain the impact of...
Persistent link: https://www.econbiz.de/10012795428
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Determinants of non-performing loans: Can national asset management companies help to alleviate the problems?
Gonzales, Brenda Solis - 2020
Using a novel dataset I examine to what extent the introduction of national Asset Management Companies (AMCs) impacts the effects of bank-specific and macroeconomic determinants of the NPLs ratio for European countries. This study provides evidence on how national AMCs help to alleviate the...
Persistent link: https://www.econbiz.de/10012389276
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Determinants of non-performing loans : can national asset management companies help to alleviate the problems?
Gonzales, Brenda Solis - 2020
Using a novel dataset I examine to what extent the introduction of national Asset Management Companies (AMCs) impacts the effects of bank-specific and macroeconomic determinants of the NPLs ratio for European countries. This study provides evidence on how national AMCs help to alleviate the...
Persistent link: https://www.econbiz.de/10012242901
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The Vanishing Interest Income of Chinese Banks
Kauko, Karlo - 2021
Chinese banks likely have more non-performing loans (NPLs) than officially reported. As hidden NPLs earn no interest income, loan quality problems may erode the gross interest income of banks. Using stochastic frontier analysis, we estimate the interest income of a hypothetical profit-maximising...
Persistent link: https://www.econbiz.de/10013250501
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Is finance good for growth? : new evidence from China
Chen, Jingzhu; Ji, Yuemei - 2022
We study the relationship between finance and growth using a sample of 275 Chinese cities during 2009-2018. We exclude a large amount of bank loans to local governments through the local government financing vehicles (LGFVs). This allows us to construct a new and better financial development...
Persistent link: https://www.econbiz.de/10013337564
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SME relationship banking and loan contracting : survey-based evidence from China
Lu, Shun; Glushenkova, Marina; Huang, Wei; Matthews, Kent - 2024
This study explores the impact of relationship banking on the financial constraints and loan conditions of small and … medium-sized enterprises (SMEs) in China. Our research contributes to the literature in several ways. First, we examine both … the financial costs and loan benefits associated with SME relationship banking, extending the scope of existing literature …
Persistent link: https://www.econbiz.de/10014491201
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Non-performing loans (NPLs), liquidity creation, and moral hazard : case of Chinese banks
Umar, Muhammad; Sun, Gang - In: China finance and economic review : CFER 4 (2016), pp. 1-23
Background: This study analyzes the impact of non-performing loans (NPLs) on bank liquidity creation to investigate the existence of moral hazard problem in Chinese banks. Methods: It uses data from 197 listed and unlisted Chinese banks, spanning the period 2005 to 2014. Generalized method of...
Persistent link: https://www.econbiz.de/10011499391
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Non-Performing Loans, Moral Hazard and Regulation of the Chinese Commercial Banking System
Zhang, Dayong - 2018
This paper studies the role of non-performing loans in the regulatory measures of the Chinese commercial banking system …. A threshold panel regression model has been applied to the data of 87 commercial banks in China from 2006 to 2012. The …
Persistent link: https://www.econbiz.de/10012937870