Showing 1 - 10 of 3,089
Persistent link: https://www.econbiz.de/10002411142
In contrast to bonds, cov-lite loans do not require SEC registration and are not subject to securities laws. We show that this distinction plays an important role in firms' choice between funding through cov-lite loans and bonds and helps understand why the market share of cov-lite loans has...
Persistent link: https://www.econbiz.de/10012101811
We put forward a plausible explanation of African financial underdevelopment in the form of a bad credit market … data ; African financial under-development ; African credit markets …
Persistent link: https://www.econbiz.de/10003969397
Persistent link: https://www.econbiz.de/10009230484
Persistent link: https://www.econbiz.de/10010199122
Persistent link: https://www.econbiz.de/10009410911
In this paper the applicability of the Edmister model for the assessment of credit risk in small and medium sized … difficulties of SMEs in Croatia. Data from a data base of financial reports of SMEs in Croatia managed by FINA, as well as internal … data and records of one of the major banks in Croatia were used. Data of 822 enterprises were collected and analysed. The …
Persistent link: https://www.econbiz.de/10009786948
Cyclicality in the losses of bank loans is important for bank risk management. Because loans have a different risk profile than bonds, evidence of cyclicality in bond losses need not apply to loans. Based on unique data we show that the default rate and loss given default of bank loans share a...
Persistent link: https://www.econbiz.de/10010515860
Persistent link: https://www.econbiz.de/10011534548
Persistent link: https://www.econbiz.de/10011507952