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crisis. Against this background, in the present paper we contribute to the existing literature in a twofold way: First, by …
Persistent link: https://www.econbiz.de/10010322173
to the 2008 crisis and to determine whether the ex-ante differences in corporate financial structure had an impact on the … severity of the 2008 financial crisis in European countries. The analysis confirms a negative relationship between the … corporate debt ratio prior to the crisis and crisis-induced contractions in corporate investment and GDP. The results indicate a …
Persistent link: https://www.econbiz.de/10011551388
profitability in Singapore and Hong Kong before, during and after the global financial crisis. This paper uses the two-step system … global financial crisis than Singapore firms. Our study provides insights into the relationship between firm-specific factors …
Persistent link: https://www.econbiz.de/10014001342
Using Swedish bank lending data, investment data and accounting data, I examine how the financial crisis affected …
Persistent link: https://www.econbiz.de/10010427081
Foreign banks pulled signifi cant funding from their U.S. branches during the Great Recession. We estimate that the average-sized branch experienced a 12 percent net internal fund withdrawal, with the fund transfer disproportionately bigger for larger branches. This internal shock to the balance...
Persistent link: https://www.econbiz.de/10010287109
The recent crisis highlighted the importance of globally active banks in linking markets. One channel for this linkage …
Persistent link: https://www.econbiz.de/10010287134
Firms often give away free goods with the product that they sell. Firms often give stock options to their top management and other employees. Mixing these two practices-giving stock options to consumers who buy the firm's product-, creates a deadly brew. Large numbers of consumers can be lured...
Persistent link: https://www.econbiz.de/10010292071
Accurate credit-granting decisions are crucial to the efficiency of the decentralized capital allocation mechanisms in modern market economies. Credit bureaus and many financial institutions have developed and used credit-scoring models to standardize and automate, to the extent possible, credit...
Persistent link: https://www.econbiz.de/10010292074
BankCaR is a credit risk model that forecasts the distribution of a commercial bank's charge-offs. The distribution depends only on systematic factors; BankCaR takes each bank and projects its expected charge-off across a distribution of good years and bad years. Since most bank failures occur...
Persistent link: https://www.econbiz.de/10010292167
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private information. There is no clear empirical evidence regarding the central implication of this...
Persistent link: https://www.econbiz.de/10010292292