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This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk …
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Credit score cutoff rules result in very similar potential borrowers being treated differently by mortgage lenders. Recent research has used variation induced by these rules to investigate the connection between securitization and lender moral hazard in the recent financial crisis. However, the...
Persistent link: https://www.econbiz.de/10003941871
Mortgage originators use credit score cutoff rules to determine how carefully to screen loan applicants. Recent research has hypothesized that these cutoff rules result from a securitization rule of thumb. Under this theory, an observed jump in defaults at the cutoff would imply that...
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The impact of U.S. bank loan announcements on the stock prices of the corporate borrowers has been decreasing during …
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This paper studies how access to bank lending differed between family and non-family firms in the 2007-2009 financial … borrower-lender relationship. Using highly detailed data on bank-firm relations, we exploit the reduction in bank lending in … differences between the two types of firms and to time-varying bank fixed effects. We further show that the difference in the …
Persistent link: https://www.econbiz.de/10013008020