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Choice between Microfinance Systems Operating on the Basis of Individual Liability Loan Contract or through Joint Liability Loan Contract

Kundu, Amit - 2009

join in a microfinance system operating on the basis of individual liability credit contract, or on the basis of joint … liability loan contract through forming self-help group or may not participate in any type of microfinance system. This paper … individual liability loan contract, comparatively less wealthy prefers to join microfinance system operating on the basis of …

Persistent link: https://www.econbiz.de/10013159548

Credit standards and capital allocation in a low interest rate environment

Andersen, Svend Greniman; Kuchler, Andreas - 2016

Using firm-level data from surveys and financial statements, this paper presents an analysis of credit standards, capital allocation and financial conditions of non-financial enterprises in Denmark since the beginning of the financial crisis. The analysis indicates that low interest rates and...

Persistent link: https://www.econbiz.de/10011489436

Bank credit supply and firm innovation

Giebel, Marek; Kraft, Kornelius - 2018

We analyze the causal effect of the credit supply shock to banks induced by interbank market disruptions in the recent financial crisis 2008/2009 on their business customers’ innovation activity. Using a matched bank-firm data set for Germany, we find that having relations with a more severely...

Persistent link: https://www.econbiz.de/10011798962

Why Do Loans Contain Covenants? Evidence from Lending Relationships

Prilmeier, Robert - 2016

Despite the importance of banks' role as delegated monitors, little is known about how non-price terms of loan contracts are structured to optimize information production in a lending relationship. Using a large sample of corporate loans, this paper examines the effect of relationship lending on...

Persistent link: https://www.econbiz.de/10013008203

Young enterprises and bank credit denials

Mascia, Danilo V. - 2018

By employing a sample of 20,956 observations of non-financial SMEs headquartered in the Euro area, between 2009 and 2015, we test whether young businesses are more likely to face credit rejections from lenders than their older peers. Our findings appear to confirm our suspicions that new...

Persistent link: https://www.econbiz.de/10011845249

The Importance of Individual-Pair Lending Relationships

Even-Tov, Omri; Li, Xinlei; Wang, Hui; Williams, … - 2023

In this paper, we examine the significance and uniqueness of individual-pair relationships cultivated through repeated loan interactions. Using a hand-collected dataset compiled of borrowing manager and loan officer information, we find that individual-pair relationship loans are associated with...

Persistent link: https://www.econbiz.de/10014362324

Soft Information and Loan Supply in the Crisis : Evidence from the Credit Files of a Large Bank

Bartoli, Francesca - 2012

Using a large database built from the credit files of UniCredit we focus on loans to small businesses at the peak of the crisis. We study the determinants of the worsening of financial tension up to March 2009 for those customers experiencing (or close to) financial tension already at the end of...

Persistent link: https://www.econbiz.de/10013110843

Multiple-bank lending: Diversification and free-riding in monitoring

Cerasi, Vittoria; Daltung, Sonja - 2004

firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the … benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts … less profitable, and poor financial integration, regulation and inefficient judicial systems increase monitoring costs …

Persistent link: https://www.econbiz.de/10010298289

The economics of bank supervision

Eisenbach, Thomas M.; Lucca, David O.; Townsend, Robert M. - 2016

We study bank supervision by combining a theoretical model that distinguishes supervision from regulation and a novel dataset on work hours of Federal Reserve supervisors. We highlight the trade-offs between the benefits and costs of supervision and use the model to interpret the relationship...

Persistent link: https://www.econbiz.de/10011442183

Multiple-bank lending : diversification and free-riding in monitoring

Carletti, Elena; Cerasi, Vittoria; Daltung, Sonja - 2004

and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit … of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts … less profitable, and poor financial integration, regulation and inefficient judicial systems increase monitoring costs …

Persistent link: https://www.econbiz.de/10011584789

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