Showing 1 - 10 of 304
We build a model of investment and financing decisions to study the choice between bonds and bank loans in a firm …
Persistent link: https://www.econbiz.de/10010258730
Between 2010 and 2012 and with bank stability as the ultimate target, five European countries implemented a tax levy on … the impact of the tax levy along bank size and capital structure. We find that banks located in countries where the tax …
Persistent link: https://www.econbiz.de/10013168993
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 …
Persistent link: https://www.econbiz.de/10012614108
What is the impact of Small Business Administration Preferred Lenders Program (PLP) on the distance between banks and small businesses and the pricing of the loans granted? We test predictions from a stylized transportation cost model on 7(a) loan data from 2008 to 2019. We find that non-PLP...
Persistent link: https://www.econbiz.de/10013192082
Do macroprudential regulations on residential lending influence commercial lending behavior too? To answer this question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential mortgages on which extra capital requirements were...
Persistent link: https://www.econbiz.de/10012643066
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 …
Persistent link: https://www.econbiz.de/10012419623
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 …
Persistent link: https://www.econbiz.de/10012051949
granted immediately after a bank branch robbery. We find significant differences between the conditions of loans granted after …
Persistent link: https://www.econbiz.de/10012100894
bank- rm level credit data, we show that banks reallocate credit within their domestic loan portfolio in at least three …
Persistent link: https://www.econbiz.de/10012101160
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 …
Persistent link: https://www.econbiz.de/10012134672