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Family Firms, Soft Information and Bank Lending in a Financial Crisis
Leandro D’Aurizio; Oliviero, Tommaso; Romano, Livio - Centro Studi di Economia e Finanza (CSEF) - 2014
This paper studies how access to bank lending differed between family and non-family firms in the 2007-2009 financial crisis. The theoretical prediction is that family block-holders’ incentive structure results in lower agency conflict in the borrower-lender relationship. Using highly detailed...
Persistent link: https://www.econbiz.de/10010755788
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SME Financing and the Choice of Lending Technology in Italy: Complementarity or Substitutability?
Bartoli, Francesca; Ferri, Giovanni; Murro, Pierluigi; … - Dipartimento di Economia e Finanza (DEF), Libera … - 2012
This paper investigates SME financing in Italy. The literature distinguishes between two main different lending …
Persistent link: https://www.econbiz.de/10010837108
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SME financing and the choice of lending technology in Italy: Complementarity or substitutability?
Bartoli, Francesca; Ferri, Giovanni; Murro, Pierluigi; … - In: Journal of Banking & Finance 37 (2013) 12, pp. 5476-5485
This paper investigates SME financing in Italy. The literature distinguishes between two main different lending …
Persistent link: https://www.econbiz.de/10010709470
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The Tsunami: Measures of Contagion in the 2007–2008 Credit Crunch
Dungey, Mardi - In: CESifo Forum 9 (2008) 4, pp. 33-43
Persistent link: https://www.econbiz.de/10004998687
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Family firms and the agency cost of debt: The role of soft information during a crisis
Leandro D’Aurizio; Oliviero, Tommaso; Romano, Livio - Department of Economics, European University Institute - 2012
In this paper we study how access to bank lending during the recent financial crisis differed between family and non-family firms. Our theoretical prediction is that the presence of a family block-holder in the company attenuated the agency conflict in the borrower-lender relation, because of...
Persistent link: https://www.econbiz.de/10010610580
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Relationship lending, hierarchical distance and credit tightening: Evidence from the financial crisis
Cotugno, Matteo; Monferrà, Stefano; Sampagnaro, Gabriele - In: Journal of Banking & Finance 37 (2013) 5, pp. 1372-1385
This paper examines the firms’ credit availability during the 2007–2009 financial crisis using a dataset of 5331 bank–firm relationships provided by borrowers’ credit folders of three Italian banks. It aims to test whether a strong lender–borrower relationship can produce less credit...
Persistent link: https://www.econbiz.de/10011065640
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Soft information and loan supply crisis. Evidence from the credit files of a large bank
Bartoli, Francesca; Ferri, Giovanni; Murro, Pierluigi; … - In: Rivista Bancaria - Minerva Bancaria (2011) 5-6
Using a large database built from the credit files of UniCredit we focus on loans to small businesses at the peak of the crisis. We study the determinants of the worsening of financial tension up to March 2009 for those customers experiencing (or close to) financial tension already at the end of...
Persistent link: https://www.econbiz.de/10010561559
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Empirical measurement of credit rationing in agriculture: a methodological survey
Petrick, Martin - Leibniz-Institut für Agrarentwicklung in … - 2003
verschiedene in der Literatur angewandte Methoden zur Messung von Kreditrationierung zu geben. Auf der Grundlage eines gemeinsamen … erste Vorgehensweise versteht unter Kreditrationierung die Unmöglichkeit, einen Kredit zu erhalten aufgrund von prohibitiv …. Alle anderen Vorgehensweisen definieren Kreditrationierung zumindest implizit als andauernde Überschussnachfrage, folglich …
Persistent link: https://www.econbiz.de/10008526801
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Risiken für die Emerging Markets in Mittel- und Osteuropa vor dem Hintergrund der Erfahrungen Thailands, Mexikos und Tschechiens ; Beitrag für den Projektbericht: Währungspolitisch...
Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 1999
von Sachs/Tornell/Velasco (1996) gewählt, der durch Einbeziehung von Kreditrationierung und Haftungsbeschränkung erweitert …
Persistent link: https://www.econbiz.de/10008462113
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Towards an EU Framework for Safeguarding Financial Stability
Nieto, Maria J.; Schinasi, Garry J. - In: CESifo DICE Report 6 (2008) 3, pp. 27-36
Persistent link: https://www.econbiz.de/10005056430