Is bank- versus market-based financing different in its attitudes towards Environmental, Social, and Governance (ESG … bank monitoring and scrutiny. The Social and Governance components, in particular, matter. Furthermore, firms suffering … higher numbers of negative ESG reputation shocks are less likely to continue to rely on bank credit in response to lenders …

opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on bank credit … conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms with new loans … concurrently granted to similar non-issuer firms. We find that issuer firms obtain lower interest rates on bank loans of the same …

lower interest rates on bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining … power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise …

This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on … granted by a representative Spanish bank and several subsidiaries to nonfinancial corporations around that date. We document …

bank- rm level credit data, we show that banks reallocate credit within their domestic loan portfolio in at least three …

We study a unique experiment to examine the importance of rating agencies' private information for bank shareholders …. On July 20, 2011, Fitch Ratings refined their bank standalone ratings, which measure intrinsic financial strength, from a … standalone rating refinement was cleanly limited to bank shareholders. We find evidence suggesting that the refinement resulted …

Comparing banks to non-bank lenders, we investigate whether the geographical distance between lenders, borrowers and … period. The difference in loan spread when bank-borrower distance increases from zero to the median of about 900 miles is 17 …, geographical distance does not seem to have any effect on the loan spread of mortgages granted by non-bank lenders. Moreover, loans …