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Default Risk Drivers in Shipping Bank Loans

Kavussanos, Manolis G. - 2016

This paper proposes a credit scoring model for the empirical assessment of default risk drivers of shipping bank loans …. A unique dataset, consisting of the credit portfolio of a ship-lending bank is used to estimate a logit model with two …

Persistent link: https://www.econbiz.de/10012986148

Who monitors the monitor? : bank capital structure and borrower monitoring

Jayaraman, Sudarshan; Thakor, Anjan V. - 2014

The role that banks play in screening and monitoring their borrowers is well understood. However, these bank activities are costly and unobservable, thus difficult to contract upon. This introduces the possibility of shirking and leads to the question – who monitors the monitor? Financial...

Persistent link: https://www.econbiz.de/10011808016

The Effect of Creditor Rights on Bank Monitoring, Capital Structure and Risk-Taking

Jayaraman, Sudarshan - 2013

We examine the multi-faceted effect of creditor rights on the way banks monitor, operate and finance themselves. We present a simple analytical model that shows that a strengthening of creditor rights reduces the need for banks to monitor their borrowers; and that banks, as a result, tilt their...

Persistent link: https://www.econbiz.de/10013078030

Bank supply shocks and the substitution between bank and nonbank debt

Fernández Álvarez, Ana Isabel; González Rodríguez, … - In: The journal of corporate finance : contracting, … 48 (2018), pp. 122-147

Persistent link: https://www.econbiz.de/10011805971

Creditor rights and lending relationships

Ghosh, Saibal - In: Applied economics letters 30 (2023) 9, pp. 1194-1198

Persistent link: https://www.econbiz.de/10014303835

Determinants of European bank risk during financial crisis

Jabra, Wiem Ben; Mighri, Zouheir; Mansouri, Fayçal - In: Cogent economics & finance 5 (2017) 1, pp. 1-20

This paper examines the determinants of European bank risk-taking during major financial crisis. Using a sample of banks from 26 countries over the period 2005–2015, we examine the nature of the relationship between bank risk, bank characteristics, regulatory, institutional and macroeconomic...

Persistent link: https://www.econbiz.de/10011877555

Macroprudential policy and the revolving door of risk : lessons from leveraged lending guidance

Kim, Sooji; Plosser, Matthew C.; Santos, João A. C. - 2017

We investigate the U.S. experience with macroprudential policies by studying the interagency guidance on leveraged lending. We find that the guidance primarily impacted large, closely supervised banks, but only after supervisors issued important clarifications. It also triggered a migration of...

Persistent link: https://www.econbiz.de/10011657569

The common drivers of default risk

Memmel, Christoph; Gündüz, Yalın; Raupach, Peter - 2012

Using a unique data set on German banks' loans to the German real economy, we investigate banks' credit risk. This data … the period 2003-2011 yields the following results: (i) Beyond the nationwide credit loss rate, industry composition, and … regional factors, the loans' maturity structure is found to drive the bank-wide loss rates in the credit portfolio. (ii) The …

Persistent link: https://www.econbiz.de/10009685919

Identifying credit supply shocks with bank-firm data : methods and applications

Degryse, Hans; De Jonghe, Olivier; Jakovljević, Sanja; … - 2018

Current empirical methods to identify and assess the impact of bank credit supply shocks rely strictly on multi … economy and most prone to credit supply shocks. We propose and underpin an alternative demand control (using industry …-location-size-time fixed effects) that allows identifying timevarying cross-sectional bank credit supply shocks using both single- and multi …

Persistent link: https://www.econbiz.de/10011920502

Leveraged loans: is high leverage risk priced in?

Newton, David P.; Ongena, Steven; Xie, Ru; Zhao, Binru - 2020

We investigate the impact of the 2014 Interagency Clarification on the leverage risk premium for bank- and nonbank-originated loans. Using a novel dataset from 2011 to 2019, we show that leveraged loan spreads have declined rapidly for nonbank facilities relative to bank facilities since the...

Persistent link: https://www.econbiz.de/10012420989