bank loans to U.S. firms over the period of 1980- 2003. We find that investors react positively to such announcements if …’s headquarters state. Investor reaction is, in fact, the largest when the bank is foreign. Our evidence suggest that investors value … bank identities and reputation seem to matter a great deal. …

We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …

We study how the consequences of violations of covenants associated with bank lines of credit to firms vary with the … the heart of a new bank liquidity channel. This channel complements the traditional bank lending channel, which focuses on …

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

stakes or institutional holdings. We investigate the effects of these bank-firm governance links on the global syndicated … the endogeneity of the bank-firm governance link. Our findings suggest that the benefits of bank involvement in firms …

suggest that central bank liquidity has mitigated this effect most clearly on lending volumes. Lending to non …-financial corporations is more sensitive to wholesale funding shocks than lending to households. Moreover, bank characteristics matter for …

We propose a new methodology to identify aggregate demand and supply shocks in the bank loan market. We present a model … of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer … largely explained by demand shocks. Fluctuations in lending rates were instead mostly determined by bank-driven supply shocks …

during the crisis was significantly higher for firms with a “weak” bank than for comparable firms with a “sound” bank– even …

greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks-and hence the …

A growing number of studies have sought to measure the effects of non-standard policy on bank funding markets. The … purpose of this paper is to carry those estimates a step further by looking at the effects of bank funding market stress on … the volume of bank lending, using a simultaneous equation approach. By separately modeling loan supply and demand, we …