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Of Religion and Redemption : Evidence from Default on Islamic Loans
Baele, Lieven - 2014
We compare default rates on conventional and Islamic loans using a comprehensive monthly dataset from Pakistan that follows more than 150,000 loans over the period 2006:04 to 2008:12. We find robust evidence that the default rate on Islamic loans is less than half the default rate on...
Persistent link: https://www.econbiz.de/10013068775
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Risk spillovers and interconnectedness between systemically important institutions
Andrieş, Alin Marius; Ongena, Steven; Sprincean, Nicu; … - 2020 - This version: May 9, 2020
. Other systemically important institutions bear more individual market risk. The two groups and the global financial system …
Persistent link: https://www.econbiz.de/10012219367
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Leverage Ratio and Risk-taking. Theory and Practice
Fatouh, Mahmoud; Giansante, Simone; Ongena, Steven - 2022
We assess the impact of leverage ratio (LR) requirements on risk-taking behaviour of banks theoretically, using a … regulatory framework with risk-based requirements induces banks to re-optimise, shifting from safer to riskier assets (higher … asset-risk). Yet, this shift wouldn’t be one-for-one due to risk-weight differences, meaning the shift would be associated …
Persistent link: https://www.econbiz.de/10013307362
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Leveraged loans: is high leverage risk priced in?
Newton, David P.; Ongena, Steven; Xie, Ru; Zhao, Binru - 2020
We investigate the impact of the 2014 Interagency Clarification on the leverage risk premium for bank- and nonbank … protection, is strongly associated with a narrower leverage risk premium …
Persistent link: https://www.econbiz.de/10012420989
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalin; O'Flynn, Kuchulain; … - 2021
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less incentive to participate in firm restructuring. We test for the existence of empty creditors by employing an exogenous change to the bankruptcy code in Germany that effectively...
Persistent link: https://www.econbiz.de/10012698567
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2021
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less incentive to participate in firm restructuring. We test for the existence of empty creditors by employing an exogenous change to the bankruptcy code in Germany that effectively...
Persistent link: https://www.econbiz.de/10012697959
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Identifying empty creditors with a shock and micro-data
Degryse, Hans; Gündüz, Yalın; O'Flynn, Kuchulain; … - 2020
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors'' as hedged creditors have less incentive to participate in firm restructuring. We test for the existence of empty creditors by employing an exogenous change to the bankruptcy code in Germany, that effectively...
Persistent link: https://www.econbiz.de/10012181510
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Identifying Empty Creditors with a Shock and Micro-Data
Degryse, Hans; O'Flynn, Kuchulain; Gündüz, Yalin; … - 2022
Firms with credit-default swaps (CDS) traded on their debt may face "empty creditors" as hedged creditors have less incentive to participate in firm restructuring. We test for the existence of empty creditors by employing an exogenous change to the bankruptcy code in Germany that effectively...
Persistent link: https://www.econbiz.de/10013310306
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Corporate governance : a review of the role of banks
Degryse, Hans; Ongena, Steven; Tümer-Alkan, Günseli - In: The economics of corporate governance and mergers, (pp. 105-145). 2008
Persistent link: https://www.econbiz.de/10003757872
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Green versus sustainable loans : the impact on firms' ESG performance
Dursun-de-Neef, Özlem; Ongena, Steven; Tsonkova, Gergana - 2022 - This draft: May 20, 2022
This paper studies the development of a firm’s Environmental, Social, and Governance (ESG) performance following the issuance of “green loans” earmarked for green projects versus “sustainable loans” to firms bench-marked by ESG criteria. Firms issuing green loans appear to be effective...
Persistent link: https://www.econbiz.de/10013202785