Narrow search
Showing 1 - 10 of 11,165
Cover Image
The Option Market Reaction to Bank Loan Announcements
Anagnostopoulou, Seraina C. - 2019
announcements. Our findings appear to be more pronounced for firms with more information asymmetry, lower credit ratings and loans …
Persistent link: https://www.econbiz.de/10012903492
Cover Image
Bank private information in CDS markets
Bilan, Andrada; Ongena, Steven; Pancaro, Cosimo - 2023
Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are …
Persistent link: https://www.econbiz.de/10014315233
Cover Image
Bank loans to newly public firms
Shaffer, Sherrill; Sokolyk, Tatyana - In: Journal of entrepreneurial finance : JEF ; official … 16 (2013) 2, pp. 33-56
Prior studies have shown that newly public firms exhibit a high degree of uncertainty and asymmetric information, with few reliable sources of information. These findings suggest that investors could benefit if some independent party is able to assess the quality of a newly public firm. Since...
Persistent link: https://www.econbiz.de/10010345095
Cover Image
Bank loan announcements and borrower stock returns before and during the recent financial crisis
Li, Chunshuo; Ongena, Steven - 2014 - This Draft: March, 2014
jump back up to around 200 basis points. We surmise that in a booming credit market the certification of corporate …
Persistent link: https://www.econbiz.de/10010412303
Cover Image
Stock Price Fragility and the Cost of Bank Loans
Francis, Bill - 2020
This study examines whether the flow volatility experienced by institutional investors affects firms' financing costs. Using Greenwood and Thesmar's (2011) stock price fragility, a proxy for firm exposure to its institutional investors' flow volatility, we find that firms with high stock price...
Persistent link: https://www.econbiz.de/10012838891
Cover Image
Effects of Borrowers’ Quality on the Size of Market Response to Bank Loan Announcements In China
Li, Zhaohua - 2017
Purpose – The purpose of this paper is to examine the effects of borrowers' quality on the size of market reaction to bank loan announcements in the Chinese financial market, where poor quality borrowers are prevalent and the banking system is highly controlled by the Chinese...
Persistent link: https://www.econbiz.de/10012963665
Cover Image
Bank Loan Price Reactions to Corporate Events : Evidence from Traded Syndicated Loans
Billett, Matthew T. - 2015
We examine the effect of open market share repurchase announcements on prices of traded loans and find a significant wealth transfer effect; the change in the market value of equity is inversely related to the change in the market value of loans. We find that loan abnormal returns are more...
Persistent link: https://www.econbiz.de/10013030285
Cover Image
Bank Credit, Asset Prices and Financial Stability : Evidence from French Banks
Pouvelle, Cyril - 2012
This paper analyses the effect of asset prices on credit growth in France and tries to disentangle credit demand and … period, but without credit supply factors being singled out. By contrast, housing price growth has a significant effect … during periods of financial instability only, even after controlling for credit demand effects. These results show that …
Persistent link: https://www.econbiz.de/10013101520
Cover Image
Bank loan information and information asymmetry in the stock market : evidence from China
Ye, Yanyi; Wang, Yun; Yang, Xiaoguang - In: Financial innovation : FIN 8 (2022), pp. 1-28
sensitivity tests and provide suggestive evidence of a close connection between the credit loan and stock markets. …
Persistent link: https://www.econbiz.de/10013272640
Cover Image
Bank Loan Announcements and Borrower Stock Returns : Does Bank Origin Matter?
Ongena, Steven - 2012
' assessments of firms' credit quality and economic worth following loan announcements. Our sample comprises 986 announcements of …
Persistent link: https://www.econbiz.de/10013098445