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Motivated by recent studies that show female CFOs are more risk averse than male CFOs when making various corporate decisions, we examine whether banks take into consideration the gender of CFOs when pricing bank loans. We find that in our sample, firms under the control of female CFOs on...
Persistent link: https://www.econbiz.de/10013118825
We analyse the determinants of the variation of option-adjusted credit spreads (OASs) on a unique database that …
Persistent link: https://www.econbiz.de/10013153595
​We test five hypotheses on whether banks use CDS to hedge corporate loans, provide credit enhancements, obtain regulatory capital relief, and exploit banking relationship and private information. Linking large banks' CDS positions and syndicated lending on individual firms, we observe strong...
Persistent link: https://www.econbiz.de/10012993300
Do banks use credit default swap hedging to substitute for loan sales? By tracking banks' lending exposures and CDS …
Persistent link: https://www.econbiz.de/10012993301
Recently, banking literature has had a quest for appropriate pricing of bank loans under the new Basel II rules and has been in pursuit of possible outcomes for undertaking such credit risk. In this paper, we propose a simplified formula to price bank's corporate loans, aiming at making bank...
Persistent link: https://www.econbiz.de/10014224548