two dimensions of private information embedded in internal credit ratings: incongruity, bank’s assessment of firm risk … relative to one based on observables, and unfavorability, a worse assessment. Incongruity increases in distance and bank …

We model two dimensions of bank globalization -- bank nationality (a bank from the firm's host nation, its home nation …, or a third nation) and bank reach (a global, regional, or local bank) -- using a two-stage nested multinomial logit model … find that these firms frequently use host nation banks for cash management services, and that bank reach may be strongly …

We model two dimensions of bank globalization -- bank nationality (a bank from the firm's host nation, its home nation …, or a third nation) and bank reach (a global, regional, or local bank) using a two-stage nested multinomial logit model … find that these firms frequently use host nation banks for cash management services, and that bank reach may be strongly …

-oriented regime for merger control increases banks’ stock prices, whereas it decreases those of non-financial firms. Moreover, bank … merger targets become more profitable and larger. A major determinant of the positive bank returns, after controlling inter … alia for the general quality of institutions and individual bank characteristics, is the opaqueness that characterizes the …

bank loans to U.S. firms over the period of 1980- 2003. We find that investors react positively to such announcements if …’s headquarters state. Investor reaction is, in fact, the largest when the bank is foreign. Our evidence suggest that investors value … bank identities and reputation seem to matter a great deal. …