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Do banks price the risk of stranded fossil fuel reserves? To address this question, we hand collect global data on corporate fossil fuel reserves, match it with syndicated loans, and subsequently compare the loan rate charged to fossil fuel firms — along their climate policy exposure — to...
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We study a representative dataset from Turkey that identifies firm–bank connections. Banks in Turkey differ not only in … bank types. We estimate a multinomial logit of the choice by the firm of bank type. We document a strong correspondence … between bank type and firm characteristics that is not always the same as has been documented so far for US datasets. For …
Persistent link: https://www.econbiz.de/10011065747
-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 …
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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. …
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resultant credit restriction by turning to other banks. Importantly the bank-lending channel is notably stronger when we account …
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We analyze how time-varying bank-specific capital requirements a ect banks' balance sheet adjustments as well as bank … lending to the non-financial corporate sector. To do so, we relate Pillar 2 capital requirements to bank balance sheet data, a … examine how time-varying bank-specific capital requirements affect banks' balance sheet composition. Subsequently, we …
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