Showing 1 - 10 of 100
How do banks choose their debt maturity structure when credit markets are subject to information frictions? This paper proposes a model of equilibrium maturity choice with asymmetric information and endogenous roll-over risk. We show that in the presence of public signals about firms'...
Persistent link: https://www.econbiz.de/10011266595
Our study investigates the link between bank lending behavior and macroeconomic uncertainty. We develop a dynamic model … of a bank's value maximization that results in a negative relationship between loan to capital ratio and macroeconomic … in uncertainty is not uniform and depends on bank-specific characteristics. …
Persistent link: https://www.econbiz.de/10005068643
the European Bank for Reconstruction and Development for Kazakhstan, and investigate which strategy contributes more to …
Persistent link: https://www.econbiz.de/10005068666
$100,000 to $250,000 per depositor and bank. For some banks, the amount of insured deposits increased significantly; for …
Persistent link: https://www.econbiz.de/10011128840
This paper uses data from a panel of more than 400 Italian banks for the period 2001 – 2012 to examine the main determinants of loan loss provision (LLP), which are classified as either discretionary (income smoothing, capital management,signalling) or non-discretionary (related to the...
Persistent link: https://www.econbiz.de/10011196045
This paper examines the impact of the recent global financial crisis on the cost of debt capital (syndicated loans) in a leading emerging market, namely China, using difference-in-differences and GARCH approaches. Before the crisis China adopted banking reforms allowing entry of foreign banks...
Persistent link: https://www.econbiz.de/10011276389
We examine why firms change their main bank and how this affects loans, interest payments and firm performance after … switching. Using unique firm-bank matched Ukrainian data, the treatment effect estimates suggest that more transparent and … riskier companies are more likely to switch their main bank. Importantly, main bank power, measured by equity holdings …
Persistent link: https://www.econbiz.de/10005068870
finding is a negative and significant relationship between the degree of concentration of European bank markets and the market … bank conduct. This support for the market power hypothesis indicates that further measures are needed to make bank lending …
Persistent link: https://www.econbiz.de/10005069147
finding is a negative and significant relationship between the degree of concentration of European bank markets and the market … bank conduct. This support for the market power hypothesis indicates that further measures are needed to make bank lending …
Persistent link: https://www.econbiz.de/10010896118
This paper proposes new metrics for the process of price discovery on the main electronic trading platform for euro-denominated government securities. Analysing price data on daily transactions for 107 bonds over a period of twenty-seven months, we find a greater degree of price leadership of...
Persistent link: https://www.econbiz.de/10009228758