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The impact of the recent financial crisis on bank loan interest rates and guarantees.
Calcagnini, Giorgio; Farabullini, Fabio; Giombini, Germana - Facoltà di Economia, Università degli Studi di Urbino - 2012
The paper analyzes the role of guarantees on loan interest rates before and during the recent financial crisis in … Italian firm financing. The paper improves on existing literature by distinguishing between real and personal guarantees …. Further, the paper investigates the potential different role of guarantees in the bank-borrower relationship during the recent …
Persistent link: https://www.econbiz.de/10010538752
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The impact of the recent financial crisis on bank loan interest rates and guarantees.
Calcagnini, Giorgio; Farabullini, Fabio; Giombini, Germana - Volkswirtschaftliche Fakultät, … - 2012
The paper analyzes the role of guarantees on loan interest rates before and during the recent financial crisis in … Italian firm financing. The paper improves on existing literature by distinguishing between real and personal guarantees …. Further, the paper investigates the potential different role of guarantees in the bank-borrower relationship during the recent …
Persistent link: https://www.econbiz.de/10009647464
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik - 2004
Banks provide risky loans to firms, which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...
Persistent link: https://www.econbiz.de/10012738415
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Explaining Loan Rate Differentials between Small and Large Companies : Evidence from an Explorative Study in Switzerland
Dietrich, Andreas - 2009
The lending-rate differentials between loans to small and large companies are striking. According to several studies, these disparities of loan rates are primarily a result of a lower informational efficiency at small companies. This study examines to what extent such differences in loan rates...
Persistent link: https://www.econbiz.de/10012719603
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Does Innovation Affect Credit Access? New Empirical Evidence from Italian Small Business Lending
Bellucci, Andrea; Favaretto, Ilario; Giombini, Germana - Institut für Angewandte Wirtschaftsforschung (IAW) - 2014
In this paper we analyze the access to credit of innovative firms on the price and non-price dimensions of bank lending. Using information from two datasets, we use a propensity score matching procedure to estimate the impact of the innovative nature of firms on: (a) loan interest rates; (b) the...
Persistent link: https://www.econbiz.de/10010850550
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Imprese innovative ed accesso al credito. Un’indagine empirica
Bellucci, Andrea; Favaretto, Ilario; Giombini, Germana - In: ARGOMENTI 2012/36 (2012) 36, pp. 5-27
Questo lavoro mira ad analizzare l’accesso al credito delle imprese innovative testando l’impatto della natura innovativa delle imprese: (a) sul costo del credito bancario; (b) sulla probabilità di restrizione del credito. L’analisi empirica utilizza le informazioni ottenute...
Persistent link: https://www.econbiz.de/10010875958
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik; Smant, David J.C.; Vries, … - Tinbergen Institute - 2004
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...
Persistent link: https://www.econbiz.de/10005136889
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Competitive Search Equilibrium in the Credit Market under Asymmetric Information and Limited Commitment
Song, Jae Eun - Volkswirtschaftliche Fakultät, … - 2014
This paper develops a model of a competitive search credit market under hidden information and limited commitment. Using the model, it provides a theoretical account that links time delays and costs in financial intermediation as well as lack of collateral to the distribution of credit supply...
Persistent link: https://www.econbiz.de/10011109865
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Credit Rationing Effects of Credit Value-at-Risk
Slijkerman, Jan Frederik; Smant, David J.C.; Vries, … - Tinbergen Instituut - 2004
Banks provide risky loans to firms which have superior information regarding the quality of their projects. Due to asymmetric information the banks face the risk of adverse selection. Credit Value-at-Risk (CVaR) regulation counters the problem of low quality, i.e. high risk, loans and therefore...
Persistent link: https://www.econbiz.de/10011257219
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Public-private contracting under limited commitment
Danau, Daniel; Vinella, Annalisa - Centre de Recherche en Économie et Management (CREM) - 2012
A government delegates construction and operation of an essential facility to a private firm. When parties sit at the contracting table, they are uncertain about the operating cost. At the construction stage, the firm can improve its distribution by exerting some non-contractible effort. As soon...
Persistent link: https://www.econbiz.de/10010969012