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Managerial Effect or Firm Effect : Evidence from Private Debt Market

Francis, Bill - 2015

It is the common understanding that private lenders evaluate and price the debt contract based on the credit rating, default risk and firm characteristics of the borrowing firms. This paper takes a different angel and investigates the extent to which the loan contract incorporates and reflects...

Persistent link: https://www.econbiz.de/10013034593

The quality of banking and regional growth

Hasan, Iftekhar; Koetter, Michael; Wedow, Michael - 2007

We test whether output growth in European economic agglomeration regions depends on financial development. To this end we suggest a relative measure of the quality of financial institutions rather than the usual quantity proxy of financial development. In order to measure the quality of...

Persistent link: https://www.econbiz.de/10010295929

Bank relationships and small firms’ financial performance

Castelli, Annalisa; Gerald P. Dwyer, Jr.; Hasan, Iftekhar - 2006

We examine the relationship between the number of bank relationships and firms’ performance, evaluating possible … listed and for which bank debt is a major source of financing. In the sample, 4 percent of the firms have a single bank … as the number of bank relationships increases, with a stronger relationship for small firms than for large firms. We also …

Persistent link: https://www.econbiz.de/10010397608