Since bank credit lines are a major source of corporate funding, we examine the determinants of credit line usage with …

This paper analyses the determinants of the probability of default (PD) of bank loans. We focus the discussion on the … role of a limited set of variables (collateral, type of lender and bank borrower relationship) while controlling for the … institutions over a complete business cycle (1988 to 2000) collected by the Bank of Spain's Credit Register (Central de Información …

This paper investigates the relationship between credit market competition and the availability of bank credit for ….Therefore market power in credit markets and collateral appear as substitutes to increase the availability of bank finance under …

This paper examines the effect of organizational distance (i.e. distance between the headquarters of the bank that …

While banks may change their credit supply due to bank balance-sheet shocks (the local lending channel), firms can … dynamics nullify the strong local (bank-level) lending channel of securitization on credit quantity for firms with multiple … expansion on the extensive margin towards first-time bank clients, which are more likely to default. Finally, the 2008 …

A common assumption in the academic literature is that franchise value plays a key role in limiting bank risk … of market concentration do not affect bank risk-taking. However, we find a negative relationship between market power … measured using Lerner indexes based on bank-specific interest rates and bank risk. Our results support the franchise value …

rates during the life of the loan reduce this probability. Bank, borrower and market characteristics determine the impact of …

resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …