Showing 1 - 10 of 8,023
Does bank instability push borrowers to use crowdfunding as a source of external finance? We identify stressed banks …
Persistent link: https://www.econbiz.de/10011317927
The growth of securitization made it easier for banks to sell home mortgage loans that they originated. I explore how mortgage sales affected banks in the years leading up to the financial crisis that began in 2007 and how banks pre-crisis mortgage sales affected them during the crisis. Loan...
Persistent link: https://www.econbiz.de/10013128531
The growth of securitization made it easier for banks to sell home mortgage loans that they originated. I explore how mortgage sales affected banks in the years leading up to the financial crisis that began in 2007 and how banks pre-crisis mortgage sales affected them during the crisis. Loan...
Persistent link: https://www.econbiz.de/10013132342
We examine the effects of CEO turnover in banks. Incoming bank CEOs face problems from information asymmetry because … banks' operations are opaque and bank risk can change dramatically in a short time. Incoming bank CEOs may therefore change … bank policies to manage their personal risks. Since CEO turnover is usually endogenous, we utilize a setting where CEO …
Persistent link: https://www.econbiz.de/10012970063
We classify a large sample of banks according to the geographic diversification of their international syndicated loan portfolio. Our results show that diversified banks maintain higher loan supply during banking crises in borrower countries. The positive loan supply effects lead to higher...
Persistent link: https://www.econbiz.de/10011857209
the crisis this large bank used soft information to shift its loan supply toward borrowers with lower ex ante asymmetries …
Persistent link: https://www.econbiz.de/10013110843
This paper focuses on the effects of corporate governance on bank performance during the financial crisis of 2008 … of corporate governance on bank performance are mixed. Although the results suggest that banks with stronger corporate …, indicating that good governance may have mitigated the adverse influence of the crisis on bank credibility …
Persistent link: https://www.econbiz.de/10013115321
impact of bank credit supply frictions on firm performance. I exploit differences in the composition of banks' liabilities … structure during the financial crisis of 2007-2009 as a source of exogenous variation in the availability of bank credit to … nonfinancial firms, in order to identify the causal relationship between bank credit supply and firm performance, measured by firms …
Persistent link: https://www.econbiz.de/10012957434
. Although global bank lending is often reported to amplify the international credit cycle, we show that foreign banking acted as …
Persistent link: https://www.econbiz.de/10011507853
We study the existence and economic significance of bank lending channels that affect employment in U.S. manufacturing … industries. In particular, we address the question of how a dramatic worsening of firm and consumer access to bank credit, such … access to bank loans matters more for employment than firm access to local bank loans. Our results suggest that, over the …
Persistent link: https://www.econbiz.de/10013073708