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The extreme downside risk of the S&P 500 stock index
Aboura, Sofiane - Université Paris-Dauphine (Paris IX) - 2009
light of the recent systemic banking crisis. The lower tail of the premier American stock index distribution reveals how …
Persistent link: https://www.econbiz.de/10010707866
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Banking relationships and syndicated loans during the 2008 financial crisis
Alexandre, Hervé; Bouaiss, Karima; Refait-Alexandre, … - Université Paris-Dauphine (Paris IX) - 2014
The research shows that banking relationships are important to lending. However, few studies focus on the banking … whether banking relationships help firms to benefit from better terms for syndicated loans in a chaotic financial environment …
Persistent link: https://www.econbiz.de/10010960595
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Le contrôle bancaire des crédits aux entreprises : un cas français
Rougès, Véronique - Université Paris-Dauphine (Paris IX) - 2004
Persistent link: https://www.econbiz.de/10010707075
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Does a banking relationship help a firm on the syndicated loans market in a time of financial crisis?
Refait-Alexandre, Catherine; Bouaiss, Karima; … - Université Paris-Dauphine (Paris IX) - 2011
The volume of credit granted in the form of syndicated loans saw a marked downturn in 2008. This article seeks to understand how certain firms were nonetheless able to benefit from larger facilities or a lower interest rate than others. Using a sample of syndicated loans issued in 2008 in North...
Persistent link: https://www.econbiz.de/10010707257
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Banking relationship and syndicated loans during the last financial crisis
Bouaiss, Karima; Refait-Alexandre, Catherine; … - Université Paris-Dauphine (Paris IX) - 2011
Banking relationship has been showed to be important in lending, especially in small business lending. Few studies … focus on banking relationship in syndicated loan, although they have became a major way of financing. The last financial … whether banking relationship helps firms to benefit from better syndicated loans terms in a chaotic financial environment …
Persistent link: https://www.econbiz.de/10010708556
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A mathematical treatment of bank monitoring incentives
Possamaï, Dylan; Pagès, Henri - Université Paris-Dauphine (Paris IX) - 2014
In this paper, we take up the analysis of a principal/agent model with moral hazard introduced by Pagès (J. Financ. Intermed. doi:10.1016/j.jfi.2012.06.001, 2012), with optimal contracting between competitive investors and an impatient bank monitoring a pool of long-term loans subject to...
Persistent link: https://www.econbiz.de/10011073244
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Quels moyens mettre en œuvre pour faciliter l’accès des entreprises au crédit bancaire ? Le cas du Cameroun
Joseph, Anne - Université Paris-Dauphine (Paris IX) - 1998
markets and various models to explain the rationing of credit. The second section studies the banking sector in Cameroon since … procedures. The last point presents a few suggestions in the way to improve the banking capacity to reply the financing demand …
Persistent link: https://www.econbiz.de/10011074188
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Security Design: Signaling Versus Speculative Markets
Chemla, Gilles; Hennessy, Christopher A. - Université Paris-Dauphine (Paris IX) - 2011
We determine optimal security design and retention of asset-backed securities by a privately informed issuer with positive NPV uses for immediate cash. In canonical models, investors revert to prior beliefs if issuers pool at zero-retentions (originate-to-distribute), and separating equilibria...
Persistent link: https://www.econbiz.de/10010960528
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Seasoned Equity Issues in a Closely Held Market: Evidence from France
Gajewski, Jean-François; Ginglinger, Edith - Université Paris-Dauphine (Paris IX) - 2002
This paper examines seasoned equity offerings in France. Even though a rights offering is the primary flotation method, French companies are increasingly using the relatively expensive public offering method. We show that the market reaction to the announcement of seasoned equity issues is...
Persistent link: https://www.econbiz.de/10010708804
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When the U.S. Stock Market Becomes Extreme?
Aboura, Sofiane - Université Paris-Dauphine (Paris IX) - 2014
real estate bubble burst, credit crunch and banking panics. As a response, extreme value theory (EVT) provides a set of …
Persistent link: https://www.econbiz.de/10011074476