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contagion effect after the U.S. subprime mortgage crisis. The results indicate the presence of left tail dependence before and … stock market. This suggests that there is significant potential for risk diversification by investing in the Shenzhen market … provide a new insight into risk diversification between the stock markets …
Persistent link: https://www.econbiz.de/10013003938
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We examine the influence of implicit government guarantees on the information content of credit ratings in China, guided by a theoretical credit rating game model in the presence of government guarantees. Using issuers’ controlling shareholder identity as the defining metric of implicit...
Persistent link: https://www.econbiz.de/10013222723
Using a proprietary database from a large Chinese state-owned bank, we examine whether information evolved from banking relationships predicts commercial loan default by industrial firms. We find that the bank's relationship information is significantly linked to the incidence of default, and...
Persistent link: https://www.econbiz.de/10013063634
Purpose – This paper aims to investigate the determinants of default mortgage in China and the factors affecting the … mortgage amount granted by Chinese banks. Design/methodology/approach – This paper employs the credit scoring model to … investigate the determinants of default mortgage in China and the factors affecting the mortgage amount granted by Chinese banks …
Persistent link: https://www.econbiz.de/10012964452
-primary houses fueled the entire mortgage boom during 2014Q4-2016Q3. The mortgage expansion disproportionately increased the share of … mortgage markets. Our cross-city evidence provides empirical support for this channel …
Persistent link: https://www.econbiz.de/10012482311
Persistent link: https://www.econbiz.de/10012405362
-primary houses fueled the entire mortgage boom during 2014Q4-2016Q3. The mortgage expansion disproportionately increased the share of … mortgage markets. Our cross-city evidence provides empirical support for this channel …
Persistent link: https://www.econbiz.de/10014090767
Persistent link: https://www.econbiz.de/10003226772
Persistent link: https://www.econbiz.de/10011570296