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-off in situations with many alternative lenders (booms) and with few alternative lenders (credit crises), and explains how … the results depend on factors such as the severity of a credit crisis, the strength of the firm-bank relationship and the …
Persistent link: https://www.econbiz.de/10013108064
stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the …
Persistent link: https://www.econbiz.de/10012954808
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012643066
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012064522
important insights for policy makers as they continue to deal with the credit access issues of small firms. …
Persistent link: https://www.econbiz.de/10011991398
This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk …. Using a sample of 1,402 listed-banks in 55 countries for the period 2005-2013, we show that credit information sharing … through public credit registries is negatively associated with future crash risk after controlling for other predictors of …
Persistent link: https://www.econbiz.de/10012926760
Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected … bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until … 2022, this impact was reduced by linking the interest paid on lines to credit-sensitive reference rates such as LIBOR. We …
Persistent link: https://www.econbiz.de/10014226104
Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected … bank funding costs. We show that credit supply is dampened by the associated debtoverhang cost to bank shareholders. Until … 2022, this impact was reduced by linking the interest paid on lines to credit-sensitive reference rates such as LIBOR. We …
Persistent link: https://www.econbiz.de/10013490630
Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected … bank funding costs. We show that credit supply is inefficiently dampened by the associated debt-overhang cost to bank … shareholders. Until 2022, this impact was reduced by linking the interest paid on lines to credit-sensitive reference rates such as …
Persistent link: https://www.econbiz.de/10014258606
Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected … bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until … 2022, this impact was reduced by linking the interest paid on lines to credit-sensitive reference rates such as LIBOR. We …
Persistent link: https://www.econbiz.de/10014258716