Showing 1 - 10 of 5,960
theories that see collateral as a form of insurance, to be used only in extremis …
Persistent link: https://www.econbiz.de/10014352315
Persistent link: https://www.econbiz.de/10013482169
Persistent link: https://www.econbiz.de/10001047805
How much of a loan should a lender dynamically retain and how does retention affect loan performance? We address these questions in a dynamic agency model in which a lender originates loans that it can sell to investors. The lender reduces default risk through screening at origination and...
Persistent link: https://www.econbiz.de/10012800127
Persistent link: https://www.econbiz.de/10013262916
We study how the Eurosystem Collateral Framework for corporate bonds helps the European Central Bank (ECB) fulfill its … due to the increased supply and demand for pledgeable collateral following eligibility, (i) securities lending market … collateral supply, thereby making the market more cohesive and complete. Following eligibility, bond-issuing firms reduce bank …
Persistent link: https://www.econbiz.de/10012208484
Persistent link: https://www.econbiz.de/10015071149
Persistent link: https://www.econbiz.de/10011333092
Reduziert eine IFRS-Umstellung die Informationsdefizite der Fremdkapitalgeber und somit auch die Risikoprämie von Unternehmensanleihen? Entgegen bisherigen empirischen Untersuchungen betrachten wir den Zusammenhang zwischen Offenlegung und Kapitalkosten für Fremdfinanzierung. Folglich...
Persistent link: https://www.econbiz.de/10003634756
Persistent link: https://www.econbiz.de/10003820570