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Reputation of financial institutions is crucial for their activity and performance. Participant banks often rely on … lead bank's reputation in making future syndicated loan participation and lending decisions. We apply ordered probit … regression techniques to a sample of more than 4,600 loans to investigate the determinants of participant banks reputation on the …
Persistent link: https://www.econbiz.de/10013072075
Reputation of financial institutions is crucial for their activity and performance. Participant banks often rely on … lead bank’s reputation in making future syndicated loan participation and lending decisions. We apply ordered probit … regression techniques to a sample of more than 4,600 loans to investigate the determinants of participant banks reputation on the …
Persistent link: https://www.econbiz.de/10010742552
The founding directors of newly incorporated companies bring social capital (reputation, networks, business …
Persistent link: https://www.econbiz.de/10014042597
The founding directors of newly incorporated companies bring social capital (reputation, networks, business …
Persistent link: https://www.econbiz.de/10013110890
new evidence regarding the roles of borrower reputation, lead arranger reputation and the bank-borrower relationship …. First, lead arranger reputation can reduce information asymmetry but only for the most reputable lead arrangers. Second …, borrower reputation, measured by the borrower’s past access of the loan market, reduces the problem of information asymmetry …
Persistent link: https://www.econbiz.de/10012011732
The main purpose of this paper is to present the empirical findings derived from the data of small firms that the availability of private and public information on the borrowing firm leads to diverse borrowing patterns among firms. Exploring logit models to characterize the firm’s choice of a...
Persistent link: https://www.econbiz.de/10002235161
reputation. These relations are robust to credit market conditions and aggregated LBO activities. The evidence suggests that the … monitoring by lenders, and the better aligned management incentives. Private equity firms’ reputation is also important in …
Persistent link: https://www.econbiz.de/10014154625
In this paper we use credit rating data from two large Swedish banks to elicit evidence on banks' loan monitoring ability. For these banks, our tests reveal that banks' credit ratings indeed include valuable private information from monitoring, as theory suggests. However, our tests also reveal...
Persistent link: https://www.econbiz.de/10013081556
survive multiple robustness checks and confirm that access to superior information, greater experience, reputation, and trust …
Persistent link: https://www.econbiz.de/10012842558
In this paper, the authors use credit rating data from two Swedish banks to elicit evidence on banks' loan monitoring ability. They test the banks' ability to forecast credit bureau ratings, and vice versa, and show that bank ratings are able to predict future credit bureau ratings. This is...
Persistent link: https://www.econbiz.de/10013008871