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Extra credit : bank finance and firm export status in Germany
Goldbach, Stefan; Nitsch, Volker - 2013
This paper estimates the exporter premium in bank lending. We examine credit relationships in Germany, covering all … bank characteristics, our results indicate that exporting firms take out loan s around 15 percent larger than those of non-exporters. …
Persistent link: https://www.econbiz.de/10010230158
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Small business credit availability and relationship lending : the importance of bank organizational structure
Berger, Allen N.; Udell, Gregory F. - 2001
Persistent link: https://www.econbiz.de/10001597860
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Corporate misreporting and bank loan contracting
Graham, John R.; Li, Si; Qui, Jiaping - 2007
"This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …
Persistent link: https://www.econbiz.de/10003625948
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Size matters : "over"investments in a relational contracting setting
Englmaier, Florian; Fahn, Matthias - 2015
The corporate finance literature documents that managers tend to overinvest into physical assets. A number of theoretical contributions have aimed to explain this stylized fact, most of them focussing on a fundamental agency problem between shareholders and managers. The present paper shows that...
Persistent link: https://www.econbiz.de/10011285326
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Size matters : "over"investments in a relational contracting setting
Englmaier, Florian; Fahn, Matthias - 2018
The corporate finance literature documents that managers tend to over-invest in their companies. A number of theoretical contributions have aimed at explaining this stylized fact, most of them focusing on a fundamental agency problem between shareholders and managers. The present paper shows...
Persistent link: https://www.econbiz.de/10011895831
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Do liquidation values affect financial contracts? : Evidence from commercial loan contracts and zoning regulation
Benmelech, Efraim; Garmaise, Mark J.; Moskowitz, Tobias J. - 2004
Persistent link: https://www.econbiz.de/10002503263
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Liquidation values and the credibility of financial contract renegotiation : evidence from US airlines
Benmelech, Efraim; Bergman, Nittai K. - 2008
Persistent link: https://www.econbiz.de/10003725124
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Human capital, incomplete information, and capital structure : theory and evidence
Yang, Guohua - 2003
Persistent link: https://www.econbiz.de/10003384198
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Bank loan supply shocks and alternative financing of non-financial corporations in the euro area
Mandler, Martin; Scharnagl, Michael - 2019
to bank loans, such as financing via equity, debt securities, trade credit and lending from non-banks. We investigate … loans to be substitutes for bank loans with negative responses to a positive loan supply shock while trade credit is a …. Quantitatively, the developments in bank loans and trade credit dominate the response of the overall sum of the external financing …
Persistent link: https://www.econbiz.de/10012034573
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Heterogeneity in corporate debt structures and the transmission of monetary policy
Holm-Hadulla, Fédéric; Thürwächter, Claire - 2020
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high … initial share of bond- relative to bank-based finance; this effect weakens, and may even reverse, in economies with a low … when bank lending contracts. …
Persistent link: https://www.econbiz.de/10012212853