Showing 1 - 10 of 225
Persistent link: https://www.econbiz.de/10000980547
Persistent link: https://www.econbiz.de/10001586628
Persistent link: https://www.econbiz.de/10001587924
Persistent link: https://www.econbiz.de/10009427796
Persistent link: https://www.econbiz.de/10012650706
Persistent link: https://www.econbiz.de/10013423522
We show that competing firms relax overall competition by lowering future barriers to entry. We illustrate our findings in a two-period model with adverse selection where banks strategically commit to disclose borrower information. By doing this, they invite rivals to enter their market....
Persistent link: https://www.econbiz.de/10001708609
Investors face reduced incentives to finance projects that devalue their legacy investments. We formalize this "asset overhang" and study its drivers. We apply our framework to the climate-banking nexus, where the net-zero transition effectively poses a dilemma for banks: while environmental...
Persistent link: https://www.econbiz.de/10013492389
We study the impact of higher capital requirements on banks' decisions to grant collateralized rather than uncollateralized loans. We exploit the 2011 EBA capital exercise, a quasi-natural experiment that required a number of banks to increase their regulatory capital but not others. This...
Persistent link: https://www.econbiz.de/10012893708
We study the impact of higher capital requirements on banks' decisions to grant collateralized rather than uncollateralized loans. We exploit the 2011 EBA capital exercise, a quasi-natural experiment that required a number of banks to increase their regulatory capital but not others. This...
Persistent link: https://www.econbiz.de/10012897240