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Capital Adequacy and Dividend Policy : Evidence from Italian Banks

Brogi, Marina - 2010

The objective of the paper is to analyse capital adequacy, dividend policy and new share issues of Italian banks in the last twenty years, to identify the net role of the market in the capitalisation of Italian and European banks. The paper is primarily a descriptive study aimed at documenting...

Persistent link: https://www.econbiz.de/10013136129

On Stock-Based Loans

McWalter, Thomas; Ritchken, Peter H. - 2022

We investigate the equilibrium interest rate charges on non-recourse and recourse loans secured by stock. In such loans, the client retains the option to prepay and recover the collateral stock. We adopt a structural model of the firm where debt levels, with endogenous bankruptcy, affect equity...

Persistent link: https://www.econbiz.de/10013292845

Financial Covenants and Fire Sales : Fractures in the Leveraged Loan Market

Kundu, Shohini - 2020

about the role of CLOs in the provision of credit to risky firms. Managers are not passive buy and hold investors, unlike … their CDO counterparts. There is selection, monitoring and churn. The trading behavior of managers with respect to loans … exhibits stark differences in returns between capital-constrained and unconstrained managers -- unconstrained managers do not …

Persistent link: https://www.econbiz.de/10012834756

Analysis of Credit Culture in the Zimbabwean Banking Sector

Bonga, Wellington Garikai - 2019

determine the level of credit culture employed in the banking sector. Using 188 responses from an electronic survey comprising …

Persistent link: https://www.econbiz.de/10012872235

Bank Loan Loss Provisions Research : A Review

Ozili, Peterson K - 2017

We review the recent academic and policy literature on bank loan loss provisioning (LLP) to identify several advances in the literature, to highlight some challenges in LLP research and suggest possible directions for future research with some concluding remarks. Among other things, we observe...

Persistent link: https://www.econbiz.de/10012964664

Paying Bank Risk Professionals to Lie about Bank Loan Loss Provisioning Process

Ozili, Peterson K - 2019

. While it is not difficult for bank managers and analysts to understand that the provisioning process is subject to gaming …

Persistent link: https://www.econbiz.de/10012902590

Banks as Lenders and Shareholders : Evidence from Japan

Gao, Wenlian - 2010

This paper examines the effects of the main bank's equity-debt structure, (i.e., equity stakes and debt claims) on firm performance and financial policies in Japan over the period 1977-1987. Results show that firms with main bank equity stakes have lower performance than those without. However,...

Persistent link: https://www.econbiz.de/10013136505

Insider Bank Runs : Community Bank Fragility and the Financial Crisis of 2007

Henderson, Christopher - 2015

From 2007 to 2010, more than 200 community banks in the United States failed. Many of these failed community banking organizations (CBOs) held less than $1 billion in total assets. As economic conditions worsen, banking organizations are expected to preserve capital to withstand unexpected...

Persistent link: https://www.econbiz.de/10013027908

What drives financing decisions of SMEs? : a survey of German bank advisers

Goeck, Marco; Walther, Ursula - In: Credit and capital markets : Kredit und Kapital 55 (2022) 1, pp. 67-97

involved in the decision processes, but are nevertheless outsiders. In our survey, corporate advisers of a large German bank … report their perception of clients' decisions. The survey covers both large companies and many SMEs. It confirms the …

Persistent link: https://www.econbiz.de/10014518518

CEO Overconfidence and the Cost of Private Debt : Evidences from Bank Loan Contracting

Chen, Yehning - 2016

This paper studies whether banks charge higher or lower interest rates on loans to firms with overconfident CEOs. It establishes a theoretical model to show the relationship between the loan rate and overconfidence of the borrowing firm's CEO. It also conducts empirical analyses to test the...

Persistent link: https://www.econbiz.de/10012998312