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Rationing and screening in crowdinvesting-markets
Mäschle, Oliver; Dalvai, Wilfried - 2016
The allocation of shares on crowd-investing-platforms is best described by the phrase "first come, first served". An entrepreneur who sells corporate equity to a "crowd" of investors on such a platform chooses a fixed investment target before the investment period begins. Once the aggregate...
Persistent link: https://www.econbiz.de/10011441481
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Are Risky Banks Rationed by Corporate Depositors?
Imbierowicz, Björn; Saunders, Anthony; Steffen, Sascha - 2021
We analyze auctions of unsecured money market deposits of firms to banks via a FinTech platform. In each auction, only the firm observes the banks and their interest rate bids and decides where to deposit its funds. We observe that deposit interest rate bids increase monotonically with bank risk...
Persistent link: https://www.econbiz.de/10013244584
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Finance and Schumpterian Rents : On the Timing of Innovation
Yung, Chris - 2012
I model an innovation game in which firms can choose to be leaders or followers. Internal finance leads to a stalemate … in which each firm wants to free-ride on the others' experimentation costs. Therefore, no innovation occurs. When instead … firms compete in the capital markets to finance innovation (e.g., in the case of venture capital) there is an endogenous …
Persistent link: https://www.econbiz.de/10013114638
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Making Waves : To Innovate or be a Fast Second?
Yung, Chris - 2015
I model an innovation game in which firms can choose to be leaders or followers. Internal finance leads to a stalemate … in which each firm wants to free-ride on the others' experimentation costs. Therefore, no innovation occurs. When instead … firms compete in the capital markets to finance innovation (e.g., in the case of venture capital or IPOs) there is an …
Persistent link: https://www.econbiz.de/10013037089
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Co-Operative Credit Delinquency : Identification of Factors Discriminating Defaulters
Michael, Justin Nelson - 2011
Co-operative movement dawned in India a century ago to eradicate indebtedness and to accelerate agricultural production in India. Co-operatives are eminently suited to achieve social, economic changes in rural India. However, credit risk is acute in co-operative credit system, predominantly...
Persistent link: https://www.econbiz.de/10013130618
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Do Banks Propagate Debt Market Shocks?
Hale, Galina - 2010
Over the years, U.S. banks have increasingly relied on the bond market to finance their business. This created the potential for a link between the bond market and the corporate sector whereby borrowers, including those that do not rely on bond funding, became exposed to the conditions in the...
Persistent link: https://www.econbiz.de/10013150609
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Financial Systems and the Real Economy
Settlements, Bank for International - 2017
The great financial crisis of 2007-08 and the recession have generated active debate on the role of financial systems on the real economy. In particular, central banks have shown increased interest in how financial systems can evolve to maximise their contribution to the real economy. Many...
Persistent link: https://www.econbiz.de/10012959609
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Capital Regulations and the Management of Credit Commitments During Crisis Times
Pelzl, Paul - 2019
Drawdowns on credit commitments by firms reduce a bank's regulatory capital ratio. Using the Austrian Credit Register, we provide novel evidence that during the 2008-09 financial crisis, capital-constrained banks managed this concern by substantially cutting partly or fully unused credit...
Persistent link: https://www.econbiz.de/10012857803
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How Does Bank Equity Affects Credit Creation? The Multiplier Effects under Basel III Regulations
Li, Boyao - 2022
Both equity and regulation play key roles in determining the ability of credit creation of banks. The equity endogenously varies while the regulations are exogenously imposed. I propose a banking model to investigate how the changes in bank equity due to interest receipt and expenditure affect...
Persistent link: https://www.econbiz.de/10013288904
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A review of algorithms for credit risk analysis
Salihu, Armend; Shehu, Visar - In: Proceedings of the ENTRENOVA - ENTerprise REsearch … 6 (2020) 1, pp. 134-146
The interest collected by the main borrowers is collected to pay back the principal borrowed from the depositary bank. In financial risk management, credit risk assessment is becoming a significant sector. For the credit risk assessment of client data sets, many credit risk analysis methods are...
Persistent link: https://www.econbiz.de/10012542959