Showing 1 - 10 of 6,920
I investigate the effects of bank loan renegotiation on firm's financial and investment policies, and performances. I employ OLS and endogenous switching regime regressions using a large cross-country sample of loans issued and amended on a long-time period. I find that bank loan renegotiation...
Persistent link: https://www.econbiz.de/10012929829
We investigate how syndicate structure is influenced by the characteristics of the banking environment, such as banking market structure, financial development, banking regulation and supervision, and legal risk. The results of a cross‐country analysis performed on a sample of 15,586...
Persistent link: https://www.econbiz.de/10013146227
We examine how securitization markets affect the role of banks as monitors in corporate lending. We find that banks active in securitization impose looser covenants on borrowers at origination. After origination, these borrowers take on substantially more risk than borrowers of...
Persistent link: https://www.econbiz.de/10013093680
This paper adopts a business management perspective of studies to examine the role of the credit information market in the bank lending industry. This paper analyzes the credit information market as a particular case of vertical disintegration in the bank credit origination value chain. The main...
Persistent link: https://www.econbiz.de/10013000470
Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks' provision of liquidity insurance in the form of credit...
Persistent link: https://www.econbiz.de/10014437040
The industrial organization approach to banking is extended to analyze the effects of interbank market activity and … risk averse in an environment where there is no interbank market and liquidity regulation. Introducing a buoyant interbank … separating effect of interbank money markets and recreate endogenous risk aversion of banks. …
Persistent link: https://www.econbiz.de/10010344667
The objective of this research is to examine the inter-bank network of clients as a channel for credit risk … groups of banks have experienced increase in NPLs through the channel of contagion spread in the interbank network. The …
Persistent link: https://www.econbiz.de/10013407507
Persistent link: https://www.econbiz.de/10011778060
The efficiency of a nation's banking industry is a critical factor in the quest to realize economic growth and prosperity for its citizens. This study identifies a host of macroeconomic factors which have been shown to have a strong causal link with the efficient operation of a given banking...
Persistent link: https://www.econbiz.de/10013123936
This paper investigates the degree of dispersion in the loan pricing of commercial banks and its association with competitive conditions in the banking industry of a large emerging economy. To quantify the lending rate variability in consumer loans, we utilize a new indexation mechanism...
Persistent link: https://www.econbiz.de/10013269368