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Bank capital and value in the cross section

Mehran, Hamid; Thakor, Anjan V. - 2009

We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a dynamic model with a dissipative cost of bank capital that...

Persistent link: https://www.econbiz.de/10003947552

The effect of bank monitoring on loan repayment

Branzoli, Nicola; Fringuellotti, Fulvia - 2020

Monitoring is one of the main activities explaining the existence of banks, yet empirical evidence about its effect on loan outcomes is scant. Using granular loan-level information from the Italian Credit Register, we build a novel measure of bank monitoring based on banks' requests for...

Persistent link: https://www.econbiz.de/10012224299

Gender and the availability of credit to privately held firms : evidence from the surveys of small business finances

Cole, Rebel A.; Mehran, Hamid - 2009

This study analyzes differences by gender in the ownership of privately held U.S. firms and examines the role of gender in the availability of credit. Using data from the nationally representative Surveys of Small Business Finances, which span a period of sixteen years, we document a series of...

Persistent link: https://www.econbiz.de/10003947529

Competition and adverse selection in the small-dollar loan market : overdraft versus payday credit

Melzer, Brian T.; Morgan, Donald P. - 2009 - Rev.

. That selection works against banks; large overdrafts cost more to supply and, if depositors default, banks lose more, so …

Persistent link: https://www.econbiz.de/10003947557

How much do bank shocks affect investment? : evidence from matched bank-firm loan data

Amiti, Mary; Weinstein, David E. - 2013

We show that supply-side financial shocks have a large impact on the investment decisions of firms. We do this by developing a new methodology to separate firms' credit shocks from loan supply shocks, using a vast sample of matched bank-firm lending data. We decompose loan movements in Japan for...

Persistent link: https://www.econbiz.de/10009721286

The Main Street Lending Program

Arseneau, David M.; Fillat Comenge, José Luis; Morgan, … - 2021

The Main Street Lending Program was created to support credit to small and medium-sized businesses and nonprofit organizations that were harmed by the pandemic, particularly those that were unsupported by other pandemic-response programs. It was the most direct involvement in the business loan...

Persistent link: https://www.econbiz.de/10012625893

Hidden cost of better bank services : carefree depositors in riskier banks?

Choi, Dong Beom; Velasquez, Ulysses - 2016

Better customer service provisions by banks - such as more branches and ATMs, longer business hours, and more personalized services - help attract more core deposits and increase funding stickiness by raising depositors' switching costs and enhancing their loyalty. Funding stickiness from...

Persistent link: https://www.econbiz.de/10011413245

Corporate credit provision

Boyarchenko, Nina; Mueller, Philippe - 2019

Productive firms can access credit markets directly by issuing corporate bonds or by borrowing through financial intermediaries. In this paper, we study the cyclical properties of corporate credit provision through these two types of debt instruments in major advanced economies. We argue that...

Persistent link: https://www.econbiz.de/10012061348

Transformation of corporate scope in U.S. banks : patterns and performance implications

Cetorelli, Nicola; Jacobides, Michael G.; Stern, Samuel - 2017

Using a novel database containing the time-series details of the organizational structure of individual bank holding companies, this paper presents the first population-wide study of the transformation in business scope of U.S. banks. Expanding scope has a negative impact on performance on...

Persistent link: https://www.econbiz.de/10011657521

CDS and equity market reactions to stock issuances in the U.S. financial industry : evidence from the 2002-13 period

Cornett, Marcia Millon; Mehran, Hamid; Pan, Kevin; … - 2014

daily credit default swap (CDS) and stock market pricing data. The major findings of the paper are that CDS prices respond … quickly to new, default-relevant information. Over the full sample period, cumulative abnormal CDS spreads drop in response to … issue announcements by assessing significantly lower costs for default protection via credit default swaps. The evidence …

Persistent link: https://www.econbiz.de/10010423809