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Credit Default Swaps and Bank Loan Sales : Evidence from Bank Syndicated Lending
Hasan, Iftekhar - 2017
. The credit-enhancement channel predicts a positive relation between banks' CDS selling and loan sales. Using syndicated … substitute channel, and the credit-enhancement channel plays an important role in bank loan sales …
Persistent link: https://www.econbiz.de/10012971614
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Media, Reputational Risk, and Bank Loan Contracting
Becchetti, Leonardo; Hasan, Iftekhar; Manfredonia, Stefano - 2021
This paper investigates how reputational risk arising from traditional and online media coverage of Corporate Social Irresponsibility (CSI) conducts affects the cost of borrowing. It reports that negative media attention has a significant and positive effect on bank loan costs. The result is...
Persistent link: https://www.econbiz.de/10013242489
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Technological innovation and the bank lending channel of monetary policy transmission
Hasan, Iftekhar; Li, Xiang; Takalo, Tuomas - 2023
This paper studies whether and how banks' technological innovations affect the bank lending channel of monetary policy transmission. We first provide a theoretical model in which banks' technological innovation relaxes firms' earning-based borrowing constraints and thereby enlarges the response...
Persistent link: https://www.econbiz.de/10014443832
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Technological innovation and the bank lending channel of monetary policy transmission
Hasan, Iftekhar; Li, Xiang; Takalo, Tuomas - Leibniz-Institut für Wirtschaftsforschung Halle - 2023 - This version: 23.11.2023
This paper studies whether and how banks’ technological innovations affect the bank lending channel of monetary policy transmission. We first provide a theoretical model in which banks' technological innovation relaxes firms’ earning-based borrowing constraints and thereby enlarges the...
Persistent link: https://www.econbiz.de/10014429944
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Technology adoption and the bank lending channel of monetary policy transmission
Hasan, Iftekhar; Li, Xiang - Leibniz-Institut für Wirtschaftsforschung Halle - 2021
This paper studies whether and how banks‘ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to the bank‘s lending business and which specific...
Persistent link: https://www.econbiz.de/10012695677
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Stock Price Fragility and the Cost of Bank Loans
Francis, Bill - 2020
This study examines whether the flow volatility experienced by institutional investors affects firms' financing costs. Using Greenwood and Thesmar's (2011) stock price fragility, a proxy for firm exposure to its institutional investors' flow volatility, we find that firms with high stock price...
Persistent link: https://www.econbiz.de/10012838891
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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
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Corporate tax changes and credit costs
Deli, Yota; Delēs, Manthos D.; Hasan, Iftekhar; … - 2022
loans. We find an asymmetric effect on the cost of credit: loan spreads decrease by approximately 5.9 basis points in … effect (working via firm's leverage) and, secondarily, a credit supply effect (working via bank market power and bank capital …
Persistent link: https://www.econbiz.de/10013326878
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The Real Effects of Bank Lobbying : Evidence from the Corporate Loan Market
Delis, Manthos D.; Hasan, Iftekhar; To, Thomas Y.; Wu, Eliza - 2022
improves after receiving credit from lobbying banks. This especially holds for opaque borrowers, about which the lending bank … possesses valuable information, as well as for borrowers with strong standards of corporate governance. We also find that credit …
Persistent link: https://www.econbiz.de/10013305740
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Technology Adoption and the Bank Lending Channel of Monetary Policy Transmission
Hasan, Iftekhar; Li, Xiang - 2021
This paper studies whether and how banks’ technology adoption affects the bank lending channel of monetary policy transmission. We construct a new measurement of bank-level technology adoption, which can tell whether the technology is related to the bank’s lending business and which specific...
Persistent link: https://www.econbiz.de/10013211810