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We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an empirical analysis using event study methodology on a sample of 253 large loan announcements for French borrowers between January 2000 and December 2009. We find a significant and...
Persistent link: https://www.econbiz.de/10013105186
I investigate the determinants of the duration between bank loan renegotiations using a sample of 1 600 amendments to private debt contracts in Europe. The median duration between loan amendments equals one year, although frequently renegotiated contracts are amended every five months. Employing...
Persistent link: https://www.econbiz.de/10013082564
transparency and amendment characteristics halt the number of renegotiation rounds while the credit crisis of 2008 has the opposite …
Persistent link: https://www.econbiz.de/10013072819
We investigate bank loans' specialness with a particular focus on the recent boom and bust cycle. We perform an empirical analysis using event study methodology on a sample of 253 large loan announcements for French borrowers between January 2000 and December 2009. We find a significant and...
Persistent link: https://www.econbiz.de/10013110210
The study aims to investigate the impact of credit growth on the Maastricht criteria targeting process in the new … to maintain credit growth levels close to economic growth potential. …
Persistent link: https://www.econbiz.de/10010199902
Using a unique data set on companies' defaults provided by a consortium of 31 banks, this paper gives new insights into the determinants of the workout-loss-given-default (W-LGD): losses based on the cash flows observed between the default and the resolution times.As between 1997 and 2010, 18%...
Persistent link: https://www.econbiz.de/10013067402
The aim of this paper is to empirically investigate the determinants of creditor concentration in the use of bank loans by firms in a European cross-country framework. We analyze the influence of loan and borrower characteristics but also banking market structure and legal enforcement variables...
Persistent link: https://www.econbiz.de/10013157547
Using a sample of 3,770 commercial banks in 167 countries over the years 2002–2021, we examine the effects of corporate taxation on loan prices. We find that, when all else is held constant, one percentage point increase in the corporate income tax rate leads to an increase in the average...
Persistent link: https://www.econbiz.de/10014255282
This study addresses the relationship between product innovation and the demand and supply of trade credit. Theoretical … credit demand and supply. Using a sample covering SMEs from 24 European countries this relationship is tested empirically … of trade credit for SMEs. Innovative firms have a higher probability to face credit constraints and therefore have a …
Persistent link: https://www.econbiz.de/10010338387
Persistent link: https://www.econbiz.de/10010355344