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Bank Loans as a Financial Discipline: A Direct Agency Cost of Equity Perspective

Hijazi, Bassem - 2006

' line of credit, the bank/lender is actually confirming that the borrower has a low level of information asymmetry and …

Persistent link: https://www.econbiz.de/10009475079

The role of bank loans and deposits in the monetary transmission mechanism in Malaysia

Kassim, Salina; Majid, M. Shabri A. - 2009

This study attempts to determine the importance of the banking sector in the monetary transmission process in a developing economy. The study analyzes the Malaysian data focusing on three sample periods: the entire sample period (1989:01-2006:12); the pre-crisis period (1989:01-1996:12); and the...

Persistent link: https://www.econbiz.de/10009441819

Information, Credit Risk, Lender Specialization and Loan Pricing: Evidence from the DIP Financing Market

Daniels, Kenneth; Ramirez, Gabriel G - 2008

determinants of lending specialization (e.g. lender choice). We find that the choice of lender is not driven by credit risk, but by …

Persistent link: https://www.econbiz.de/10009459020

The Corporate Choice between Public Debt, Bank Loans, Traditional Private Debt Placements, and 144A Debt Issues

Arena, Matteo - 2010

debt have significantly lower credit quality and higher information asymmetry than firms that issue traditional non … debt source for firms with good credit quality. I also show that the firm characteristics of traditional private debt … which is conditional on credit quality. High credit quality firms prefer public bond offerings and small firms, with good …

Persistent link: https://www.econbiz.de/10009484536

The China syndrome affects banks : the credit supply channel of foreign import competition

Mayordomo Gómez, Sergio; Rachedi, Omar - 2019

rising Chinese import competition in the early 2000s on banks’ credit supply policies. Using bank-firm-level data on the … firms competing with Chinese imports. Exposed banks rebalanced their loan portfolios by cutting the supply of credit to …

Persistent link: https://www.econbiz.de/10012532211

Recent economic performance of Spanish SMEs and developments in their access to external financing according to the European Central Bank's half-yearly Survey

Menéndez, Álvaro; Mulino, Maristela

Artículo de revista ; The latest SAFE results show that the activity of Spanish SMEs continued to grow in the period from October 2021 to March 2022, albeit at a slower pace than six months earlier. The rise in costs prompted a deterioration in profits for most of these firms. Access to...

Persistent link: https://www.econbiz.de/10013284801

Recent economic performance of Spanish SMEs and developments in their access to external financing according to the ECB’s half-yearly survey

Menéndez Pujadas, Álvaro; Mulino Ríos, Maristela A.

Rationale: In recent years the Spanish business sector has experienced unprecedented shocks: the onset of the pandemic, supply chain bottlenecks and escalating commodity prices. In this setting, it is important to assess the sector’s economic and financial situation. Takeaways •Between April...

Persistent link: https://www.econbiz.de/10013494487

Cross-border coordination of prudential supervision and deposit guarantees

Hardy, Daniel C.; Nieto Carol, María Jesús - 2011

Hasta que tuvieron lugar los acontecimientos de otoño de 2008 tras la quiebra de Lehman Brothers, la atención de los responsables de política económica y, en buena parte el debate académico, en el ámbito de la estabilidad financiera se había centrado en la coordinación entre supervisión...

Persistent link: https://www.econbiz.de/10012530343

Risk Preferences and Demand for Insurance in Peru: A Field Experiment

Galarza, Francisco B.; Carter, Michael R. - 2010

shocks. In a context of collateralized formal credit markets, we provide suggestive evidencethat insurance may help reduce …

Persistent link: https://www.econbiz.de/10009446167

Non-Credit Services of Group-Based Financial Institutions: Implications for Smallholder Women’s Honey Income in Arid and Semi Arid Lands of Kenya

Otieno, Peter Shimon; Nyikal, Rose Adhiambo; Mugivane, … - 2008

This paper analyses the effect of non-credit services of joint liability credit institutions on smallholder women … beekeepers’ honey income. The non-credit services offered to the beekeepers are mainly enterprise development services (training … beekeepers participating in group-based credit programmes; the survey was conducted in September 2005 in Makueni district of …

Persistent link: https://www.econbiz.de/10009446370