Similar Search Results

Rishabh, Kumar - 2021

entrepreneurs, and the uninformed bank needs an additional screening device. VC fulfils that role. …

Persistent link: https://www.econbiz.de/10012614100

Venture capital certification and customer response : Evidence from P2P lending platforms

Li, Emma - 2020

This paper examines whether the certification effect of VCs extends to firm's potential customers, and whether, by certifying firms' values to potential customers, VCs provide value to firms. Using weekly trading data from P2P lending platforms in China, we find that the amount of loans...

Persistent link: https://www.econbiz.de/10012851239

Venture Debt Financing : Determinants of the Lending Decision

Fischer, Timo - 2014

We provide the first empirical evidence on the determinants of the lending decision of venture debt firms, specialized institutions that provide loans to finance growth of high-tech startups. Building on existing field interviews and case studies, we design a choice experiment of the lending...

Persistent link: https://www.econbiz.de/10013067562

Fintech and the Financing of Entrepreneurs : From Crowdfunding to Marketplace Lending

Fenwick, Mark - 2017

For the last decade economists have been preoccupied with the decline in bank financing to small businesses and … policy instruments that in some sense encourage more bank lending to SMEs. This leads us to explore the recent surge in …

Persistent link: https://www.econbiz.de/10012956419

How Private Equity Fuels Non-Bank Lending

Haque, Sharjil Muktafi; Mayer, Simon; Wang, Teng - 2023

This paper shows how the rise of private equity has fueled non-bank participation in the U.S. syndicated loan market …-backed loans are associated with lower active bank monitoring, lower loan shares retained by the lead arranger, and more loan sales … to non-bank intermediaries (e.g., CLOs). Consistent with moral hazard in monitoring, our measure of active bank …

Persistent link: https://www.econbiz.de/10014350849

Why Doesn't Technology Flow from Rich to Poor Countries?

Cole, Harold L.; Greenwood, Jeremy; Sanchez, Juan M. - 2016

What is the role of a country's financial system in determining technology adoption? To examine this, a dynamic contract model is embedded into a general equilibrium setting with competitive intermediation. The terms of finance are dictated by an intermediary's ability to monitor and control a...

Persistent link: https://www.econbiz.de/10014176468

How Does Uncertainty Resolution Affect VC Syndication?

Altintig, Ayca - 2013

All medical device companies require FDA 510(k) clearance before they can market their products to the public. Using this external certification as a natural experiment, this paper analyzes the dynamics of the syndicate formation process of venture capital firms under different circumstances of...

Persistent link: https://www.econbiz.de/10013092632

Pooling, tranching and credit expansion

Bougheas, Spiros - 2012

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well documented that, at least before the 2008 crisis, many banks were keeping a high proportion of the securities that they created on their own balance-sheets. Those securities retained...

Persistent link: https://www.econbiz.de/10010283592

What do lead banks learn from leveraged loan investors?

Bruche, Max; Meisenzahl, Ralf R.; Xu, David X. - 2025

to the lead bank before bookbuilding. Our results challenge the conventional view of information asymmetries between …

Persistent link: https://www.econbiz.de/10015450261

The Role of Banks' Technology Adoption in Credit Markets During the Pandemic

Branzoli, Nicola; Rainone, Edoardo; Supino, Ilaria - 2023

Policy evaluation based on the estimation of dynamic stochastic general equilibrium models with aggregate macroeconomic time series rests on the assumption that a representative agent can be identified, whose behavioural parameters are independent of the policy rules. Building on earlier work by...

Persistent link: https://www.econbiz.de/10014354393