This paper studies the effects of the bank capital requirements imposed by the European authorities in October 2011 on … granted by a representative Spanish bank and several subsidiaries to nonfinancial corporations around that date. We document …

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …

lower interest rates on bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining … power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise …

opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on bank credit … conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms with new loans … concurrently granted to similar non-issuer firms. We find that issuer firms obtain lower interest rates on bank loans of the same …

We model how an information asymmetry between the lending bank and the applying firm about the currency structure of …

. We can disentangle the adverse selection from the moral hazard component for the many firms with multiple bank …

crisis. For identification, we use matched bank-firm level data, covering mainly small and medium-sized firms in Eastern … performance; especially when single-bank, small or with limited tangible assets. Moreover, firms in countries with lower financial …