against hold-up. -- Banking Competition ; Coordination ; Distress ; Credit Spread ; Hold-up …This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME … lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel …

In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have … pools, a legal institution aiming at coordinating lender interests in borrower distress. We report three major findings … coordination costs being positively related to pool size. Third, major determinants of pool formation are found to be the number of …

German banks experienced a merger wave throughout the 1990s. However, the success of bank mergers remains a continuous …

During the last years the lending business has come under considerable competitive pressure and bank managers often … are able to explain the financial performance of bank lending activities. The analysis is based on the CFS-data-set that … and distress probabilities. The findings are somewhat “puzzling“: First, the rating is not as significant as expected …

the firm–bank relationship in Japan has weakened with time, potentially increasing the importance of public accounting … information in the Japanese loan market. Given these contradictory results, we survey bank lenders in Japan—a bank … banks, we examine bank lenders’ views on (1) the main bank system, (2) the use of accounting information, and (3) financial …

Theoretically, bank's loan monitoring activity hinges critically on its capitalisation. To proxy for monitoring … governance of the firm. Exploiting granular bank-firm relationships observed in the syndicated loan market, we document …

Sectoral loan concentration is an important factor in bank performance. We develop a measure of sectoral loan … concentration and study how community bank performance and the size-performance relationship vary with loan concentration and … significantly associated with risk of bank failure or acquisition. Results for changes in concentration appear to be driven by the …