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Bank Loans as a Financial Discipline: A Direct Agency Cost of Equity Perspective
Hijazi, Bassem - 2006
' line of credit, the bank/lender is actually confirming that the borrower has a low level of information asymmetry and …
Persistent link: https://www.econbiz.de/10009475079
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The role of bank loans and deposits in the monetary transmission mechanism in Malaysia
Kassim, Salina; Majid, M. Shabri A. - 2009
This study attempts to determine the importance of the banking sector in the monetary transmission process in a developing economy. The study analyzes the Malaysian data focusing on three sample periods: the entire sample period (1989:01-2006:12); the pre-crisis period (1989:01-1996:12); and the...
Persistent link: https://www.econbiz.de/10009441819
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Determinants of credit risk mitigation in lending to Black Economic Empowerment (BEE) companies, from a banker's perspective
Meyer, Petrus Gerhardus - 2005
The previous political dispensation limited black people’s participation in the SouthAfrican economy. Poor credit … report focuses on how credit risk can be mitigated by commercial banksin lending to Black Economic Empowerment (BEE … large market, but the quality of management (little training and skills)was deemed not to be a limitation as suitable credit …
Persistent link: https://www.econbiz.de/10009457801
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Information, Credit Risk, Lender Specialization and Loan Pricing: Evidence from the DIP Financing Market
Daniels, Kenneth; Ramirez, Gabriel G - 2008
determinants of lending specialization (e.g. lender choice). We find that the choice of lender is not driven by credit risk, but by …
Persistent link: https://www.econbiz.de/10009459020
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The Corporate Choice between Public Debt, Bank Loans, Traditional Private Debt Placements, and 144A Debt Issues
Arena, Matteo - 2010
debt have significantly lower credit quality and higher information asymmetry than firms that issue traditional non … debt source for firms with good credit quality. I also show that the firm characteristics of traditional private debt … which is conditional on credit quality. High credit quality firms prefer public bond offerings and small firms, with good …
Persistent link: https://www.econbiz.de/10009484536
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Three Essays On The Bank Lending Channel
Bajec, Luka - 2008
Monetary policy is commonly assumed to impact on commodity demand via relative prices. The bank lending channel (BLC) proposes an additional effect via the quantity of loans. This has found its way into economic textbooks, although it remains empirically controversial. I present various...
Persistent link: https://www.econbiz.de/10009484810
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The China syndrome affects banks : the credit supply channel of foreign import competition
Mayordomo Gómez, Sergio; Rachedi, Omar - 2019
rising Chinese import competition in the early 2000s on banks’ credit supply policies. Using bank-firm-level data on the … firms competing with Chinese imports. Exposed banks rebalanced their loan portfolios by cutting the supply of credit to …
Persistent link: https://www.econbiz.de/10012532211
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Recent economic performance of Spanish SMEs and developments in their access to external financing according to the European Central Bank's half-yearly Survey
Menéndez, Álvaro; Mulino, Maristela
Artículo de revista ; The latest SAFE results show that the activity of Spanish SMEs continued to grow in the period from October 2021 to March 2022, albeit at a slower pace than six months earlier. The rise in costs prompted a deterioration in profits for most of these firms. Access to...
Persistent link: https://www.econbiz.de/10013284801
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Recent economic performance of Spanish SMEs and developments in their access to external financing according to the ECB’s half-yearly survey
Menéndez Pujadas, Álvaro; Mulino Ríos, Maristela A.
Rationale: In recent years the Spanish business sector has experienced unprecedented shocks: the onset of the pandemic, supply chain bottlenecks and escalating commodity prices. In this setting, it is important to assess the sector’s economic and financial situation. Takeaways •Between April...
Persistent link: https://www.econbiz.de/10013494487
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Bank Loans as a Source of Financing Small to Medium-Sized Enterprises in Western Balkans.The Kosovo Case Study.
TMAVA, Qazim - 2019
It is accepted worldwide that a healthy banking system play a crucial role in the economic development of a country. Also, the role and importance of the banking system in developed and developing countries (including Kosovo) is unquestionable. This is evident especially in financing business...
Persistent link: https://www.econbiz.de/10011984226