Showing 1 - 10 of 18
impact of competition on bank orientation í L H WKH choice of relationship based versus transactional banking í DQG EDQN … LQGXVWU\ specialization.We empirically investigate the impact of interbank competition on bank branch orientation and … specialization.We employ a unique data set containing detailed information on bank-firm relationships and industry classification …
Persistent link: https://www.econbiz.de/10011090384
effect on loan conditions of the geographical distance between firms, the lending bank, and all other banks in the vicinity ….For our study, we employ detailed contract information from more than 15,000 bank loans to small firms and control for … relevant relationship, loan contract, bank branch, firm, and regional characteristics.We report the first comprehensive …
Persistent link: https://www.econbiz.de/10011090398
We investigate what determines the maturity of loans to small, informationally opaque businesses.We find that longer maturities are associated with collateral pledges, better financial condition, good credit history, and less informational opacity of the borrower.However, we do not find a...
Persistent link: https://www.econbiz.de/10011090626
Abstract: Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and … the type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization. …
Persistent link: https://www.econbiz.de/10011091756
firms.We study the effect on loan conditions of geographical distance between firms, the lending bank, and all other banks … in the vicinity.For our study we employ detailed contract information from more than 15,000 bank loans to small firms … comprising the entire loan portfolio of a large Belgian bank.We control for relevant relationship, loan contract, bank branch …
Persistent link: https://www.econbiz.de/10011091782
One of the most important recent innovations in financial markets has been the development of credit derivative products that allow banks to more actively manage their credit portfolios than ever before.We analyze the effect that access to these markets has had on the lending behavior of a...
Persistent link: https://www.econbiz.de/10011092253
We estimate the impact of bank merger announcements on borrowers' stock prices for publicly-traded Norwegian firms ….In addition, we analyze how bank mergers influence borrower relationship termination behavior and relate the propensity to … value when their bank is announced as a merger target.Small borrowers of target banks are especially hurt in large bank …
Persistent link: https://www.econbiz.de/10011092497
This paper investigates the effects of international diversification of banks on the value of their M&A advice. We … home country. These results suggest that the benefits of advisors’ international diversification related to greater …
Persistent link: https://www.econbiz.de/10011092783
. Upon the arrival of a signal about banks’ future defaults, investors update their expectations of bank solvency. If their …
Persistent link: https://www.econbiz.de/10011091107
This paper examines diversification as a source of value creation and destruction in private equity. The literature has … focused on the `diversification discount' in corporations. It has not analyzed diversification in PE-funds, where … diversification might increase value by ameliorating managerial risk aversion and by facilitating knowledge sharing. Thus, I examine a …
Persistent link: https://www.econbiz.de/10011091238