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We examine whether bankers face disciplining consequences for structuring poorly performing corporate loans. We construct a novel dataset containing the employment histories and loan portfolios of a large sample of corporate bankers and find that corporate credit events (i.e., downgrades,...
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stability and the finance-growth nexus in a local context. …
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In this paper, we find that reduced credit supply reduces firm investments in our sample of small private firms. The effect is strongest for the least financially constrained firms. We use a representative survey of identified Norwegian firms that is linked with financial, bank account and...
Persistent link: https://www.econbiz.de/10012940395
This paper examines the effects of intra-financial lending – claims between financial institutions – on aggregate investment and credit to the non-financial sector in the United States. Building on Montecino, Epstein, and Levina (2014) we document a large growth in intra-financial assets...
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their study, evidence that some SMEs may still face difficulties in accessing bank finance. This paper reports an in …-depth study into demand issues relating to access to bank finance by Kosovo SMEs and whether there is still a market failure. This … paper discusses the ability of SMEs to access debt finance from the commercial banks in Kosovo obtained through …
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Using a sample of bank loans, we study how financial contracts are different when there are conflicts of interest not only between the contracting parties but within one of the contracting parties. Such conflicts can arise in lending syndicates when, for instance, the lead arranger has the...
Persistent link: https://www.econbiz.de/10013037303
Using loan-level data covering two-thirds of all corporate loans from U.S. banks, we document that SMEs (i) obtain much shorter maturity credit lines than large firms; (ii) have less active maturity management and therefore frequently have expiring credit; (iii) post more collateral on both...
Persistent link: https://www.econbiz.de/10012309187