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We build a commercial credit network, identify the most central economic sectors in terms of commercial debt, and …," "manufacturing," and "transportation, storage, and communication" are the most central sectors in the commercial credit network. In a … sectors. The results highlight the importance of having a good estimation of commercial credit interlinks for financial …
Persistent link: https://www.econbiz.de/10012659012
This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector … number of loans seems fuzzy. Distinguishing between contagion due to interbank credit and due to joint exposures to …
Persistent link: https://www.econbiz.de/10010407492
This paper examines the impact of credit data sharing among competitive banks of different sizes in open banking … increases market lending profit as the network size grows. The bank sharing loans with varying collateral amounts contributes …
Persistent link: https://www.econbiz.de/10014354379
We represent the market for syndicated loans as a dynamic financial network and find that financial institutions have …
Persistent link: https://www.econbiz.de/10013403964
intermediation, in particular bank lending. We investigate the effect of financial institutions' network and reputation on the …
Persistent link: https://www.econbiz.de/10013055056
much of the literature, here firms only consider knowledge production, and not network issues when deciding on partners …. Thus we focus attention on the effects of the knowledge and information regime on network formation. The effectiveness of a … formation creates a network. Two features are central to the innovation process: how firms pool their knowledge resources; and …
Persistent link: https://www.econbiz.de/10012734444
percent of all firms, it accesses two-thirds of all bank credit. We estimate the value of joining this giant network by … estimate the value that membership in large yet diffuse networks brings in terms of access to bank credit and improving … financial viability. We link two firms if they have a common director. The resulting topology includes a "giant network" that is …
Persistent link: https://www.econbiz.de/10013068571
in term loans without financial covenants—so-called covenant-lite loans—borrowing firms' revolving lines of credit almost …
Persistent link: https://www.econbiz.de/10012901960
We investigate the effect of regulatory enforcement actions on banks' reputation by estimating the effect of non-compliance with laws and regulations among lead arrangers on the structure of syndicated loans. Consistent with a regulatory reputational stigma, a punished lead arranger increases...
Persistent link: https://www.econbiz.de/10012903395
This study explores the impact of information asymmetry between lenders and borrowers on loan syndicate structure. Using a sample of 17,839 loans raised by 8,701 US firms between January 1986 and August 2007, we confirm existing evidence that lead arrangers form concentrated syndicates when...
Persistent link: https://www.econbiz.de/10012011732