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Persistent link: https://www.econbiz.de/10014380415
This study investigates the effect of bank ownership on lending and firm investment efficiencies to give reasons for … the mixed evidence that exists on the impact of bank ownership on firm performance. Using China's listed firms as an … example, we find that bank ownership reduces the efficiency of bank lending and harms investment efficiency for state …
Persistent link: https://www.econbiz.de/10013007300
reducing agency costs of debt. We test this hypothesis by examining how terms of bank loans are related to executive pension …
Persistent link: https://www.econbiz.de/10013132581
Persistent link: https://www.econbiz.de/10014327898
I look at the relationship between corporate loan terms and connections of board members to bankers through employment on other boards, a connection less likely to be affected by confounding factors. Specifically, I examine whether loan terms such as pricing and maturity as well as other loan...
Persistent link: https://www.econbiz.de/10012844268
This study investigates the effect of banks' dual holding on bank lending and firms' investment decisions using a … sample of listed firms in China. We find that dual holding leads to easier access to bank loans, a result that is more … shareholders. We argue that, in emerging markets, whether a bank plays a monitoring role by directly holding the debt and equity …
Persistent link: https://www.econbiz.de/10013058685
borrowing costs, and are associated with lower investment bank advisory fees. However, evidence suggests a significantly … lenders acting as advisors. Overall, the evidence suggests that bank lenders may indeed serve an important and value …
Persistent link: https://www.econbiz.de/10012949251
Persistent link: https://www.econbiz.de/10012599668
concentration tends to lower domestic credit growth and nonperforming loans. We find no impact on bank profitability for the region. …Cross-border bank positions in Asia and the Pacific remain highly concentrated to few counterparties, exposing the … financial stability. To this end, we construct cross-border bank concentration measures for 47 economies in Asia and the Pacific …
Persistent link: https://www.econbiz.de/10012508886
Regulation and capital constraints may force banks and collateralized loan obligations (CLOs) to sell deteriorating loans, potentially hampering renegotiation and amplifying the initial negative shock to the borrower. We show that banks and CLOs sell downgraded loans to mutual funds and hedge...
Persistent link: https://www.econbiz.de/10012602665