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This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience an exogenous interruption in their loan officer...
Persistent link: https://www.econbiz.de/10012519342
between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …
Persistent link: https://www.econbiz.de/10011636916
We study the composition of bank loan portfolios during the transition of the real sec-tor to a knowledge economy where firms increasingly use intangible capital. Exploiting heterogeneity in bank exposure to the compositional shift from tangible to intangible capital, we show that exposed banks...
Persistent link: https://www.econbiz.de/10012241166
effect of the reforms on overall credit supply, while at the same time documenting a substantial decline in borrower- and …
Persistent link: https://www.econbiz.de/10012299026
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
borrower characteristics as well as internal and external credit scores. Our results suggest that relationships of all kinds …
Persistent link: https://www.econbiz.de/10009380932
We show that FinTech lending affects credit markets and real economic activity using a unique data set of a Peer … businesses who already have access to bank credit. Firms use FinTech to obtain long-term unsecured loans and reduce their …
Persistent link: https://www.econbiz.de/10012818733
While regulatory capital buffers are expected to be drawn to absorb losses and meet credit demand during crises, this …-cyclical behaviour to preserve capital ratios. By employing granular data from the credit register of the European System of Central … Banks, we isolate credit supply effects and find that banks with little headroom above regulatory buffers reduced their …
Persistent link: https://www.econbiz.de/10012818793
overnight repurchase agreements (repo) and loan-level credit registry data on corporate loans. We find that borrowers on the …
Persistent link: https://www.econbiz.de/10012818794
of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer …
Persistent link: https://www.econbiz.de/10012818795