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Private Equity, Corporate Governance and Out-Performance of High-Growth Firms

Badunenko, Oleg; Karber, Moritz Fabien; Schäfer, Dorothea - DIW Berlin (Deutsches Institut für Wirtschaftsforschung) - 2010

it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We … conclusions. The shareholding by PE and bank has influence on out-performance but only if either the PE investor or the bank hold … between 75 to 100 percent of firm's shares. The direction of the effect is opposite. PE has a positive, while bank has a …

Persistent link: https://www.econbiz.de/10010661265

Capital Structure and Seniority in Entrepreneurial Firms

Ippolito, Filippo - Department of Economics, Oxford University - 2005

We present a model of cash constrained entrepreneurs who need an investor to finance their project. Investors can either be uninformed, such as individual bondholders, or informed, such as venture capitalists and banks. There is an entrepreneurial moral hazard problem, which can be partially...

Persistent link: https://www.econbiz.de/10010661398

Foreign bank lending and information asymmetries in China: Empirical evidence from the syndicated loan market

Pessarossi, Pierre; Godlewski, Christophe J.; Weill, Laurent - In: Journal of Asian Economics 23 (2012) 4, pp. 423-433

This paper considers whether information asymmetries affect the willingness of foreign banks to participate in syndicated loans to corporate borrowers in China. We analyze how ownership concentration, which influences information asymmetries in the relationship between the borrower and the...

Persistent link: https://www.econbiz.de/10010664181

Bank Stress Tests as an Information Device for Emerging Markets: The Case of Russia

Fungacova, Zuzana; Jakubik, Petr - In: Czech Journal of Economics and Finance (Finance a uver) 63 (2013) 1, pp. 87-105

The recent financial crisis emphasized the need for effective financial stability analyses and tools for detecting systemic risk. This paper looks at the assessment of banking sector resilience through stress testing. We argue such analyses are valuable even in emerging economies, which suffer...

Persistent link: https://www.econbiz.de/10010665470

Monitoring guidelines for semi-formal financial institutions active in small enterprise finance.

B, Wesselink - International Labour Organization (ILO), United Nations - 1996

Deals with unregulated but legal financial entities operating in the semi-formal financial sector, essentially membership-based self-help organizations and outside assistance-based nongovernmental organizations. Provides a framework of questions and indicators to form the basis for a monitoring...

Persistent link: https://www.econbiz.de/10010616740

Bank-Firm Relationships and Security Analyst Activities: Evidence from Japan

Koga, Kentaro; Uchino, Satomi - In: The Japanese Accounting Review 2 (2012) December, pp. 49-73

and without close working relationships with their banks in order to gain insights into how bank-firm relationships affect … the information environments for capital market investors. Close bank-firm relationships signal the banks' positive … associations between bank-firm relationships and security analyst activities hold after controlling for the potential correlated …

Persistent link: https://www.econbiz.de/10010618332

Is corporate governance important for regulated firms’ shareholders?

Nogata, Daisuke; Uchida, Konari; Goto, Naohisa - In: Journal of Economics and Business 63 (2011) 1, pp. 46-68

structure. In contrast, the results provide no clear evidence that, for bank bidders, there is a significantly stronger or …

Persistent link: https://www.econbiz.de/10010578052

JOB BURNOUT AS A FUNCTION OF DEMOGRAPHICAL VARIABLES: WHAT DO SAUDI ARABIA BANKING EMPLOYEES REFLECT?

Al-Kahtani, Dr. Nasser Saad - In: Far East Journal of Psychology and Business 12 No 3 Paper 2 September (2013) 2, pp. 12-25

the bank employees to respond as per the instructions. The collected data were analyzed by means of t-test due to the … experienced group of employees reflects higher degree of job burnout and (ii) The younger and older bank employees were found to …

Persistent link: https://www.econbiz.de/10010705476

Financial intermediation, monitoring, and liquidity

Marini, François - Université Paris-Dauphine (Paris IX) - 2008

question : why do banks fund loans with both equity and demand deposits ? The model determines the optimal bank capital … structure. In comparison with a Diamond-Dybvig bank which funds loans with demand deposits only, a capitalized financial …

Persistent link: https://www.econbiz.de/10010707190

Bargaining with Venture Capitalists when Bank Financing is an Endogenous Option

Renucci, Antoine - Université Paris-Dauphine (Paris IX) - 2011

In this theoretical paper, I examine bargaining over the financial terms of a contract between an entrepreneur willing to realize a project and a supportive financier such as a venture capitalist. I study the impact of the endogenous opportunity to resort to non-supportive financiers such as...

Persistent link: https://www.econbiz.de/10010708911