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Why borrowers pay premiums to larger lenders : empirical evidence from sovereign syndicated loans
Hallak, Issam - 2002 - Revised version
All other terms being equal (e.g. seniority), syndicated loan contracts provide larger lending compensations (in percentage points) to institutions funding larger amounts. This paper explores empirically the motivation for such a price design on a sample of sovereign syndicated loans in the...
Persistent link: https://www.econbiz.de/10009767117
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Hold-up and the use of performance-sensitive debt
Adam, Tim R.; Streitz, Daniel - 2014
We examine whether performance-sensitive debt (PSD) is used to reduce hold-up problems in long-term lending relationships. We find that the use of PSD is more common in the presence of a long-term lending relationship and if the borrower has fewer financing alternatives available. In syndicated...
Persistent link: https://www.econbiz.de/10010403671
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Changes in the Effects of Bank Lending Shocks and Development of Public Debt Markets
Choi, Sangyup - 2019
This paper investigates whether the effect of bank lending shocks has changed over time using a sign-restriction Vector Autoregression approach. To the extent to which the effect of bank lending shocks depends critically on firms' ability to access alternative sources of financing, the rapid...
Persistent link: https://www.econbiz.de/10012871078
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Bank Lending and the European Sovereign Debt Crisis
De Marco, Filippo - 2017
show a shock to the marked-to-market (MTM) value of bank exposures to sovereign debt led to credit tightening in 2010 … to market, I explore the transmission channels of the unrealized losses on credit supply. I show that a shock to MTM …
Persistent link: https://www.econbiz.de/10012970840
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Delinquency and default in usa student debt as a proportional response to unemployment and average debt per borrower
Fuinhas, José Alberto; Moutinho, Victor Ferreira; … - In: Economies : open access journal 7 (2019) 4/100, pp. 1-16
We research the response of the proportion of student borrowers with ninety or more days of delinquency or in default to variables such as unemployment and the average debt per borrower after the financial crisis of 2007-2008, in the United States, using panel data of 50 states from 2008 to...
Persistent link: https://www.econbiz.de/10012132485
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Are two sources of credit better than one?: credit access and debt among microfinance clients in Bangladesh
Shreya, Nudrat Faria - 2021
availability of multiple sources of credit has tempted clients to take multiple loans simultaneously, and subsequently default on … regression discontinuity design, in this paper I empirically study the impact of an additional source of credit on outstanding … and delinquent debt and monthly income by comparing individuals with access to two sources of credit with individuals with …
Persistent link: https://www.econbiz.de/10012488435
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Money creation, debt, and justice
Dietsch, Peter - In: Politics, philosophy & economics : ppe 20 (2021) 2, pp. 151-179
Persistent link: https://www.econbiz.de/10012520588
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What determines outstanding corporate debt mix? : evidence from fractional multinomial logit estimation
Khang, Kenneth; King, Tao-Hsien Dolly; Nguyen Hung - In: Applied economics 48 (2016) 4/6, pp. 276-291
Persistent link: https://www.econbiz.de/10011412721
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The choice of debt source by UK firms
Marshall, Andrew P.; McCann, Laura M. J.; McColgan, Patrick - In: Journal of business finance & accounting : JBFA 43 (2016) 5/6, pp. 729-764
Persistent link: https://www.econbiz.de/10011610357
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Informativeness of going-concern opinion : evidence from debt structure
Zhang, Yinghong; Sun, Fang - In: Quarterly journal of finance & accounting : QJFA 61 (2023) 1/2, pp. 121-159
Persistent link: https://www.econbiz.de/10014633022