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a dataset of small business financing, we find that mergers of small banks have a negative impact on soft information … acquisition, whereas mergers of large banks have no impact. We also find some evidence that an increase in organizational …We empirically examine the impact of bank consolidation on bank acquisition of soft information about borrowers. Using …
Persistent link: https://www.econbiz.de/10012954778
(SBL) in the context of mergers and acquisitions. From all mergers that involved community banks, we examine the varying … funding to local small businesses. The absence of local community banks that became a target of a merger or acquisition by … impact on SBL depending on the local presence of the acquirers’ and the targets’ operations prior to acquisitions. Our …
Persistent link: https://www.econbiz.de/10011891865
The literature has shown that in the short- and medium-term bank mergers and acquisitions (M&As) may generate a … existing evidence. The drop is smaller for infra-group mergers, when the target is healthy or is the firm’s main bank, while is … temporary reduction in firm credit. Using bank-firm matched data, this paper investigates the impact of M&As involving Italian …
Persistent link: https://www.econbiz.de/10014253978
Persistent link: https://www.econbiz.de/10012239206
In deciding whether to roll over a loan, a relationship bank that has imperfect private information about its borrowers … relationship bank if the firm is unable to find alternative lenders. This paper explores the differential effects of this trade … the results depend on factors such as the severity of a credit crisis, the strength of the firm-bank relationship and the …
Persistent link: https://www.econbiz.de/10013108064
This paper argues that first passage time models are likely to better than affine hazard rate models in modelling stressed credit markets and confirms their superior performance in explaining the behavior of Credit Default Swap rates for the major US banking groups over the period of the...
Persistent link: https://www.econbiz.de/10012954808
How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …
Persistent link: https://www.econbiz.de/10012103361
How does bank distress impact their customers' probability of default and trade credit availability? We address this … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times … of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …
Persistent link: https://www.econbiz.de/10012108717
lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel … estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …
Persistent link: https://www.econbiz.de/10010303753
lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel … estimation. The analysis allows to distinguish between rents that accrue due to single bank lending, rents that accrue due to …
Persistent link: https://www.econbiz.de/10003973755