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Externality of Stock Liquidity to the Cost of Borrowing

Francis, Bill - 2016

The paper investigates whether stock liquidity of firms is valued by lending banks revealing that firms with higher … liquidity in the capital market pay lower spreads for the loans they obtain. This relationship is causal as evidenced by using … the decimalization of tick size as an exogenous shock to stock liquidity in a difference-in-differences setting. Reduction …

Persistent link: https://www.econbiz.de/10012979288

Product Market Relationships and Cost of Bank Loans : Evidence from Strategic Alliances

Fang, Yiwei - 2011

This paper examines the effects of strategic alliances on non-financial firms' bank loan financing. We construct several measures to capture firms' alliance activities using the frequency of alliance activities, the prominence of the alliance partner and the relative networking position in the...

Persistent link: https://www.econbiz.de/10013127601

Product market relationships and cost of bank loans: Evidence from strategic alliances

Fang, Yiwei; Francis, Bill; Hasan, Iftekhar; Wang, Haizhi - In: Journal of Empirical Finance 19 (2012) 5, pp. 653-674

This paper examines the relation between strategic alliances and non-financial firms’ bank loan financing. We construct several measures to capture firms’ alliance activities. The key finding is that borrowing firms with active alliance involvement experience lower cost of bank loans. The...

Persistent link: https://www.econbiz.de/10010594257

Product market relationships and cost of bank loans: evidence from strategic alliances

Fang, Yiwei; Francis, Bill; Hasan, Iftekhar; Wang, Haizhi - Suomen Pankki - 2011

This paper examines the effects of strategic alliances on non-financial firms’ bank loan financing. We construct several measures to capture firms’ alliance activities using the frequency of alliance activities, the prominence of the alliance partner and the relative networking position in...

Persistent link: https://www.econbiz.de/10008867449

Firms’ risk endogenous to strategic management choices

Delēs, Manthos D.; Hasan, Iftekhar; Tsionas, Efthymios G. - 2015

Persistent link: https://www.econbiz.de/10011327638

On Modelling IPO Failure Risk

Colak, Gonul; Fu, Mengchuan; Hasan, Iftekhar - 2022

This paper offers a novel framework, combining firm operational risk, IPO pricing risk, and market risk, to model IPO failure risk. By analyzing nearly a thousand variables, we observe that prior IPO failure risk models have suffered from a major missing-variable problem. Evidence reveals...

Persistent link: https://www.econbiz.de/10013296828

Complex Network Phenomena in Telecommunication Systems

Schintler, Laurie; Gorman, Sean P.; Reggiani, Aura; … - 2010

Many networks such as the Internet have been found to possess scale-free and small-world network properties reflected by so-called power law distributions. Scale-free properties evolve in large complex networks through self-organizing processes and more specifically, preferential attachment. New...

Persistent link: https://www.econbiz.de/10014068602

Complexity and spatial networks : in search of simplicity

Reggiani, Aura (ed.); Nijkamp, Peter (contributor) - 2009

Persistent link: https://www.econbiz.de/10003819384

Spatial activity and labour market patterns

Russo, Giovanni; Reggiani, Aura; Nijkamp, Peter - 2005

The spatial activity patterns of firms in a multi-regional system are closely connected with the structure and evolution of regional labour markets. Based on an extensive data set (cross-section) on commuting flows in Germany, this paper aims to identify the relationship between entrepreneurial...

Persistent link: https://www.econbiz.de/10011346457

A note on the optimality of airline networks

Pels, Eric; Nijkamp, Peter; Rietveld, Piet - In: Economics letters 69 (2000) 3, pp. 429-434

Persistent link: https://www.econbiz.de/10001525925

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