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Bank lending relationships and the use of performance-sensitive debt

Adam, Tim R.; Streitz, Daniel - 2013

We show that performance-sensitive debt (PSD) is used to reduce hold-up problems in repeated lending relationships. Using a large sample of bank loans, we find a more frequent use of PSD if hold-up is more likely, e.g. if a longterm lending relationship exists and the borrower has fewer outside...

Persistent link: https://www.econbiz.de/10009743069

Global Banks and Syndicated Loan Spreads : Evidence from U.S. Banks

Liu, Edith X. - 2017

This paper explores the relationship between bank global exposure and their syndicated loan spreads. Linking syndicated loan information from Dealscan with confidential US bank foreign exposure data and borrower characteristics, we find that more bank global exposure is associated with a higher...

Persistent link: https://www.econbiz.de/10012965831

Macroeconomic Determinants of Loan Delinquencies : Evidence from the US Peer-to-Peer Lending Market

Nigmonov, Asror; Shams, Syed; Alam, Khorshed - 2021

macroeconomic factors that influence credit risk in the peer-to-peer (P2P) lending market. By aggregating the United States (US …

Persistent link: https://www.econbiz.de/10013230437

Syndicated loan spreads and the composition of the syndicate

Lim, Jongha; Minton, Bernadette A.; Weisbach, Michael S. - 2012

During the past decade non-bank institutional investors are increasingly taking larger roles in the corporate lending than they historically have played. These non-bank institutional lenders typically have higher required rates of return than banks, but invest in the same loan facilities. In a...

Persistent link: https://www.econbiz.de/10009625909

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

After the Storm : How Emergency Liquidity Helps Small Businesses Following Natural Disasters

Collier, Benjamin L.; Howell, Sabrina T.; Rendell, Lea - National Bureau of Economic Research - 2024

Does emergency credit prevent long-term financial distress? We study the causal effects of government-provided recovery … bankruptcy, increase employment and revenue, unlock private credit, and reduce delinquency. These effects, especially the … crowding-in of private credit, appear to reflect resolving uncertainty about repair. We do not find capital reallocation away …

Persistent link: https://www.econbiz.de/10014528366

Shocks to bank lending, risk-taking, securitization, and their role for US business cycle fluctuations

Peersman, Gert; Wagner, Wolf - 2014

Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary policy innovations account for more than 30 percent of U.S. output variation. The dynamic effects, however, depend on the type of shock. Expansionary securitization shocks lead to a...

Persistent link: https://www.econbiz.de/10010257361