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This article sketches, conceptually and empirically, the nature and magnitude of the economic gains associated with the impact of legal reform covering the financing of commercial aircraft and aircraft engines as contemplated by the proposed UNIDROIT Convention on International Interests in...
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Corporate borrowing has substantially changed over the last two decades. In this article, we investigate changes in borrowing of US publicly listed firms along trends in five key areas: (a) the funding mix of firms and the importance of balance-sheet versus off-balance-sheet borrowing; (b) the...
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) the importance of banks vs- non-bank institutional investors; and (5) the purpose for corporate borrowing. We explore …
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advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …. Second, acquirers predominantly use commercial bank advisors to obtain access to bank loans that may be used to finance the …. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both …
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This paper examines the effects of cross-border bank mergers on the risk and (abnormal) returns of acquiring banks. We …
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