against hold-up. -- Banking Competition ; Coordination ; Distress ; Credit Spread ; Hold-up …This paper analyzes loan pricing when there is multiple banking and borrower distress. Using a unique data set on SME … lending collected from major German banks, we can instrument for effective coordination between lenders, carrying out a panel …

common factors than other syndicated loans. We show that loans extended to borrowers in market- versus bank-based financial … by proxies for bank syndicate structure, tranching, and acquired firms' characteristics. We find that loans extended to … borrowers in market-based financial systems have higher spreads than those in bank-based financial systems, but this difference …

An entrepreneur chooses a relationship bank or market finance. The advantage of bank finance is that the quality of the … that the bank continues inefficient projects, i.e., zombie lending occurs. In the short run - for a given contract - a drop … in the market interest rate increases zombification. The bank adapts the contract to this drop in the long run, and …

difference between the ratings and the CDs that could affect the lending policy of a bank …

We investigate the determinants of bank interest margins in the Central and Eastern European countries (CEEC). We … assess to what extent the relatively high bank margins in CEEC can be attributed to low efficiency or non-competitive market …

influenced by bank size and market share, and to a somewhat lesser extent by deposit rates and non-performing loans. In addition …. Furthermore, bank size and market share, as well as the differential between domestic and foreign rates, are the most important …