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Pitfalls in modeling loss given default of bank loans
Hibbeln, Martin; Gürtler, Marc - 2011
The parameter loss given default (LGD) of loans plays a crucial role for risk-based decision making of banks including risk-adjusted pricing. Depending on the quality of the estimation of LGDs, banks can gain significant competitive advantage. For bank loans, the estimation is usually based on...
Persistent link: https://www.econbiz.de/10010307952
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Preferences over bank and family loans in rural Rwanda
Peters, Jörg; Schoofs, Annekathrin; Sievert, Maximiliane - 2015
We study borrowers' preferences over bank and family loans based on field work undertaken in rural Rwanda. We randomly assigned willingness-to-pay questions for a hypothetical loan offer either by a bank or by a family member to a sample of 480 households. Informal family loans are typically...
Persistent link: https://www.econbiz.de/10011390941
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Loan and bond finance in Argentina, 1985-2005
Fernández, Roque B.; González, Celeste; Pernice, Sergio; … - 2007
involved domestic and foreign bank loans to both the corporate and government sectors, there was practically no credit. This … situation of lack of credit persisted until the domestic economy was stabilized in 1991 with the Convertibility Plan, and … firms in the corporate sector. Credit came to a sudden stop in 2001, with widespread default on both corporate and …
Persistent link: https://www.econbiz.de/10010323309
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Regulatory solutions to bank loans procyclicality: Is the cure worse than the illness?
Balzarotti, Verónica; Anastasi, Alejandra - 2010
The impact of the business cycle on banks' internally generated cash flow is an important driver in the pro-cyclical dynamics of the traditional banking business and yet the issue has been understated in the discussion on counter-cyclical regulations. Considerable attention has been given to the...
Persistent link: https://www.econbiz.de/10010325091
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The impact of corporate characteristics on the financial decisions of companies: Evidence on funding decisions by Italian SMEs
Rossi, Matteo; Lombardi, Rosa; Siggia, Dario; Oliva, Nadia - In: Journal of Innovation and Entrepreneurship 5 (2016) 2, pp. 1-14
Small and medium enterprises (SMEs) represent a large percentage of the corporate tissue of developed countries, but they do not have adequate attention. In fact, various researchers have focused their studies on larger and well-known companies. This paper aims to investigate the impact of...
Persistent link: https://www.econbiz.de/10011540274
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Risk sharing, finance and institutions in international portfolios
Fratzscher, Marcel; Imbs, Jean - 2007
We show that international consumption risk sharing is significantly improved by capital flows, especially portfolio investment. Concomitantly, we show that poor institutions hamper risk sharing, but to an extent that decreases with openness. In particular, risk sharing is prevalent even among...
Persistent link: https://www.econbiz.de/10011604872
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External financing and economic activity in the euro area: Why are bank loans special?
Aldasoro, Iñaki; Unger, Robert - 2017
Using a Bayesian vector autoregression (BVAR) identified with a mix of sign and zero restrictions, we show that a restrictive bank loan supply shock has a strong and persistent negative impact on real GDP and the GDP deflator. This result comes about even though flows of other sources of...
Persistent link: https://www.econbiz.de/10011636435
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Does internal and external research and development affect innovation of small and medium-sized enterprises? Evidence from India and Pakistan
Ur Rehman, Naqeeb - 2016
This study investigates the impact of internal and external research and development (R&D) on the innovation performance of small and medium-sized enterprises (SMEs) in India and Pakistan. Micro-level data was obtained for 3,492 Indian and 696 Pakistani SMEs from the World Bank's Enterprise...
Persistent link: https://www.econbiz.de/10011653779
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Household financialization: Sense and scale of this phenomenon on the example of Poland
Kata, Ryszard; Chmiel, Justyna - In: e-Finanse: Financial Internet Quarterly 13 (2017) 2, pp. 62-74
The subject of the study is the phenomenon of household financialization. In the first part of the article a sense of this situation and its influence on the different functioning areas of the households (income, expenses, financial decisions) is described. What is more, the positive and...
Persistent link: https://www.econbiz.de/10012011810
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Financing of the SMEs in the European Union Through Credit Institutions
Ignatescu, Valentina Diana - In: CES Working Papers 2 (2010) 3, pp. 53-59
focus on the ways of financing offered by credit institutions. Thus, we will identify the main sources of financing …
Persistent link: https://www.econbiz.de/10012016917