Showing 1 - 10 of 16,078
, we examine the underlying key performance indicators of a large sample of SLLs and analyze whether their design creates … effective incentives for improving corporate sustainability performance. We demonstrate that the majority of loans fails to meet …
Persistent link: https://www.econbiz.de/10013554919
Over the past two decades, banks have increasingly focused on offering contingent credit in the form of credit lines as a primary means of corporate borrowing. We review the existing body of research regarding the rationales for banks' provision of liquidity insurance in the form of credit...
Persistent link: https://www.econbiz.de/10014437040
Small and medium-sized enterprises (SMEs) are the backbone of most Asian economies. The main obstacle to the development of the SME sector is the lack of stable finance. Considering the bank-dominated characteristic of economies in Asia, banks are the main source of financing, and the lack of a...
Persistent link: https://www.econbiz.de/10011305386
SMEs often have severe difficulties raising money. Considering the bank-dominated characteristic of economies in Asia, banks are the main source of financing. In order to prevent the accumulation of non-performing loans in the small and medium-sized enterprise (SME) sector, it is crucial for...
Persistent link: https://www.econbiz.de/10011949781
Credit institutions are to an increasing extent using Contingent Convertible Bonds (CoCos) to meet part of their capital requirements, which could suggest that the market for CoCos contains useful information on the robustness of the issuer. This paper gives a thorough introduction to CoCos -...
Persistent link: https://www.econbiz.de/10011761303
Productive firms can access credit markets directly by issuing corporate bonds or by borrowing through financial intermediaries. In this paper, we study the cyclical properties of corporate credit provision through these two types of debt instruments in major advanced economies. We argue that...
Persistent link: https://www.econbiz.de/10012061348
This paper examines the impact of issuing contingent convertible (CoCo) bonds on bank risk. I apply a matching-based difference-in-differences approach to banklevel data for 246 publicly traded European banks and 61 CoCo issues from 2008−2018. My estimation results reveal that issuing CoCo...
Persistent link: https://www.econbiz.de/10012801677
Using data on balance sheets of both financial and nonfinancial sectors of the economy, we use a "demand system" approach to study how lender composition and willingness to provide credit affect the relationship between credit expansions and real activity. A key advantage of jointly modeling the...
Persistent link: https://www.econbiz.de/10014634857
relative to single managers. During the financial crisis, however, the performance premium of teams becomes negative, which may …
Persistent link: https://www.econbiz.de/10010503931
We assess whether a VC’s intrinsic commitment to a startup affects investment performance. We proxy for climate change … change in commitment by non-democrat investors. Following these disasters, the performance of non-democrats’ investments in …
Persistent link: https://www.econbiz.de/10014236837