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Debt overhang, rollover risk, and corporate investment : evidence from the European crisis
Kalemli-Ozcan, Sebnem; Laeven, Luc; Moreno, David - 2019
their investment more after the crisis. This negative effect is stronger for firms linked to weak banks with exposures to … corporate investment. …
Persistent link: https://www.econbiz.de/10011975573
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Debt Overhang, Rollover Risk, and Corporate Investment : Evidence from the European Crisis
Kalemli-Ozcan, Sebnem - 2019
their investment more after the crisis. This negative effect is stronger for firms linked to weak banks with exposures to … corporate investment …
Persistent link: https://www.econbiz.de/10012892581
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Debt overhang, rollover risk, and corporate investment: Evidence from the European crisis
Kalemli-Ozcan, Sebnem; Laeven, Luc; Moreno, David - 2019
their investment more after the crisis. This negative effect is stronger for firms linked to weak banks with exposures to … corporate investment. …
Persistent link: https://www.econbiz.de/10012142085
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Does Financial Liberalization Reduce Financing Constraints?
Laeven, Luc - 2003
This paper uses panel data on a large number of firms in 13 developing countries to find out whether financial liberalization relaxes financing constraints of firms. We find that liberalization affects small and large firms differently. Small firms are financially constrained before the start of...
Persistent link: https://www.econbiz.de/10012740487
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The Development of Local Capital Markets : Rationale and Challenges
Laeven, Luc - 2015
Capital markets can improve risk sharing and the efficiency with which capital is allocated to the real economy, boosting economic growth and welfare. However, despite these potential benefits, not all countries have well developed capital markets. Moreover, government-led initiatives to develop...
Persistent link: https://www.econbiz.de/10013028671
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Monetary Policy, Leverage, and Bank Risk-Taking
Dell'Ariccia, Giovanni - 2011
The recent global financial crisis has ignited a debate on whether easy monetary conditions can lead to greater bank risk-taking. We study this issue in a model of leveraged financial intermediaries that endogenously choose the riskiness of their portfolios. When banks can adjust their capital...
Persistent link: https://www.econbiz.de/10013131455
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Collateral booms and information depletion
Asriyan, Vladimir; Laeven, Luc; Martin, Alberto - 2019
undertake investment projects, some of which enable them to divert resources towards private consumption. Lenders can protect … values raise investment and economic activity, but they also raise collateralization at the expense of screening. This has … accumulates physical capital but depletes information about investment projects. As a result, collateral-driven booms end in deep …
Persistent link: https://www.econbiz.de/10011997468
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Collateral Booms and Information Depletion
Asriyan, Vladimir - 2019
undertake investment projects, some of which enable them to divert resources towards private consumption. Lenders can protect … values raise investment and economic activity, but they also raise collateralization at the expense of screening. This has … accumulates physical capital but depletes information about investment projects. As a result, collateral-driven booms end in deep …
Persistent link: https://www.econbiz.de/10012897328
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Collateral Booms and Information Depletion
Asriyan, Vladimir - 2019
undertake investment projects, some of which enable them to divert resources towards private consumption. Lenders can protect … values raise investment and economic activity, but they also raise collateralization at the expense of screening. This has … accumulates physical capital but depletes information about investment projects. As a result, collateral-driven booms end in deep …
Persistent link: https://www.econbiz.de/10012872185
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Financial constraints on investments and credit policy in Korea
Laeven, Luc - In: Journal of Asian economics 13 (2002) 2, pp. 251-269
Persistent link: https://www.econbiz.de/10001693114