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The Value of Information in Water Quality Monitoring and Management

Luhede, Amelie; Yaqine, Houda; Bahmanbijari, Reza; … - 2023

this problem. We use the VoI framework to analyse a decision problem in water quality management. Based on real-world … monitoring data, we calculate the VoI of monitoring nitrogen, which is used as an indicator of the ecological state of water body …

Persistent link: https://www.econbiz.de/10014255421

Uncertainty and the Cost of Bank vs. Bond Finance

Grimme, Christian - 2019

How does uncertainty affect the costs of raising finance in the bond market and via bank loans? Empirically, this paper finds that heightened uncertainty is accompanied by an increase in corporate bond yields and a decrease in bank lending rates. This finding can be explained with a model that...

Persistent link: https://www.econbiz.de/10012892132

When Pro-Poor Microcredit Institutions Favor Richer Borrowers - A Moral Hazard Story

Biancini, Sara; Venet, Baptiste; Ettinger, David - 2021

We suggest an explanation for the existence of “mission drift”, the tendency for Microfinance Institutions (MFIs) to lend money to wealthier borrowers rather than to the very poor. We focus on the relationship between MFIs and external funding institutions. We assume that both the MFIs and...

Persistent link: https://www.econbiz.de/10013245624

Racial Disparities in Access to Small Business Credit : Evidence from the Paycheck Protection Program

Howell, Sabrina T.; Kuchler, Theresa; Snitkof, David; … - 2021

We explore the sources of racial disparities in small business lending by studying the $806 billion Paycheck Protection Program (PPP), which was designed to support small business jobs during the COVID-19 pandemic. PPP loans were administered by private lenders but federally guaranteed, largely...

Persistent link: https://www.econbiz.de/10013323971

The Dollar and Corporate Borrowing Costs

Meisenzahl, Ralf - 2020

We show that U.S. dollar movements affect syndicated loan terms for U.S. borrowers, even for those without trade exposure. We identify the effect of dollar movements using spread and loan amount adjustments during the syndication process. Using this high-frequency, within loan variation, we find...

Persistent link: https://www.econbiz.de/10012830351

The Impact of Peer-to-Peer Lending on Small Business Loans

Kim, Jin-Hyuk - 2020

We investigate the impact of peer-to-peer lending on the small business loans originated by US depository institutions that are subject to the Community Reinvestment Act. We present a model where a borrower can choose between a traditional bank and a crowdlending platform and show that the entry...

Persistent link: https://www.econbiz.de/10012834364

Marketplace Lending of SMEs

Cumming, Douglas J. - 2020

Peer-to-business lending refers to online platforms facilitating loans from individuals to small and medium-sized enterprises (SMEs). We conjecture that easy-to-understand risk ratings conveyed by the platform play a pronounced role in influencing the borrowing success of SMEs and that more...

Persistent link: https://www.econbiz.de/10012841146

Modelling Loans to Non-Financial Corporations within the Eurozone : A Long-Memory Approach

Caporale, Guglielmo Maria; Gil-Alaña, Luis A. - 2021

gross investment as determinants of loans to NFCs. The forecasting accuracy of the FCVAR was also assessed by comparing it …

Persistent link: https://www.econbiz.de/10013315007

Trade Credit and Relationships

Benguria, Felipe; García Marín, Alvaro; … - 2023

develops a model featuring enforcement frictions, learning, and a financing cost advantage of trade credit that can rationalize … older relationships, the payment choice is, therefore, only determined by the financing cost advantage of trade credit, and … relationships: the ability to save on financing costs through the use of trade credit …

Persistent link: https://www.econbiz.de/10014348096

On the many ways Europeanization matters: the implementation of the water reform in Italy (1994-2006)

Asquer, Alberto - 2009

to contribute to this line of inquiry through the case study of the implementation of the 1994 water reform in Italy in …

Persistent link: https://www.econbiz.de/10010266013