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Sources of finance and growth
Marjit, Sugata; Pranab Kumar Das - 2024
The paper provides an analysis of the simultaneous existence of the formal and the informal sources of finance and …, viz. formal banking sector with lower interest rate with finance constraint and an informal credit market with a higher … the informal source of finance easily the growth rate could have been lower. The premium associated with the differential …
Persistent link: https://www.econbiz.de/10015098691
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Market risk management in a Post-Basel II regulatory environment
Urošević, Branko; Drenovak, Mikica; Ranković, Vladimir; … - 2016
We propose a novel method of Mean-Capital Requirement portfolio optimization. The optimization is performed using a parallel framework for optimization based on the Nondominated Sorting Genetic Algorithm II. Capital requirements for market risk include an additional stress component introduced...
Persistent link: https://www.econbiz.de/10011587953
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The loan puzzle : a study of loans to different groups in the USA.
Cafiso, Gianluca - 2020
We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan...
Persistent link: https://www.econbiz.de/10012194423
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A theory of crowdfunding : a mechanism design approach with demand uncertainty and moral hazard
Strausz, Roland - 2016
Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under aggregate demand uncertainty, this improves screening for valuable projects. Entrepreneurial moral hazard and private cost information threatens this benefit. Despite these threats,...
Persistent link: https://www.econbiz.de/10011541093
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Multiple but asymmetric bank financing : the case of relationship lending
Elsas, Ralf; Heinemann, Frank; Tyrell, Marcel - 2004
tend to finance without a relationship bank. …
Persistent link: https://www.econbiz.de/10011450334
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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 …
Persistent link: https://www.econbiz.de/10011958806
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The impact of peer-to-peer lending on small business loans
Kim, Jin-Hyuk; Stähler, Frank - 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/10012212849
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Small firms and domestic bank dependence in Europe's Great Recession
Hoffmann, Mathias; Maslov, Egor; Sørensen, Bent E. - 2019
Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in countries where firms borrowed more from domestic banks ("domestic bank dependence") than in countries where firms borrowed more from international banks. Eurozone banking...
Persistent link: https://www.econbiz.de/10012119808
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The dollar and corporate borrowing costs
Meisenzahl, Ralf R.; Niepmann, Friederike; … - 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/10012231575
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Gender, access to finance, occupational choice, and business performance
Gazanchyan, Nelli S.; Hashimzade, Nigar; Rodionova, Yulia; … - 2017
We present a theoretical and empirical analysis of the links between the gender of an entrepreneur, access to finance … medium enterprises, possibly, because in large firms borrowing is a less essential source of finance. An important policy …
Persistent link: https://www.econbiz.de/10011610923