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Collateralization, Bank Loan Rates and Monitoring : Evidence from a Natural Experiment
Cerqueiro, G.M.; Ongena, S.; Roszbach, K. - Tilburg University, Center for Economic Research - 2011
Collateral is one of the most important features of a debt contract. A substantial theoretical literature motivates the use of collateral as a means to alleviate ex-ante and ex-post information asymmetries between borrowers and lenders and the incidence of credit rationing. Through its seniority...
Persistent link: https://www.econbiz.de/10011090503
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On the Non-Exclusivity of Loan Contracts : An Empirical Investigation
Degryse, Hans; Ioannidou, Vasso; von Schedvin, E.L. - Tilburg University, Center for Economic Research - 2011
Credit contracts are non-exclusive. A string of theoretical papers shows that nonexclusivity generates important negative contractual externalities. Employing a unique dataset, we identify how the contractual externality stemming from the non-exclusivity of credit contracts affects credit...
Persistent link: https://www.econbiz.de/10011090539
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Bank Risk-Taking Abroad : Does Home-Country Regulation and Supervision Matter
Ongena, S.; Popov, A.; Udell, G.F. - Tilburg University, Center for Economic Research - 2011
This paper provides the first empirical evidence on how home-country regulation and supervision affects bank risk … supervision are associated with important negative externalities for the host-country in terms of more risk-taking by cross …
Persistent link: https://www.econbiz.de/10011090625
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Lending to Small Businesses : The Role of Loan Maturity in Adressing Information Problems
Penas, María Fabiana; Ortiz-Molina, H. - Tilburg University, Center for Economic Research - 2004
We investigate what determines the maturity of loans to small, informationally opaque businesses.We find that longer maturities are associated with collateral pledges, better financial condition, good credit history, and less informational opacity of the borrower.However, we do not find a...
Persistent link: https://www.econbiz.de/10011090626
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Big Bad Banks? The Winners and Losers From Bank Deregulation in the United States
Beck, Thorsten; Levine, R.; Levkov, A. - Tilburg University, Center for Economic Research - 2009
We assess the impact of bank deregulation on the distribution of income in the United States. From the 1970s through the 1990s, most states removed restrictions on intrastate branching, which intensified bank competition and improved bank performance. Exploiting the cross-state, cross-time...
Persistent link: https://www.econbiz.de/10011090636
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On the Sequencing of Projects, Reputation Building and Relationship Finance
Egli, D.; Ongena, S.; Smith, D.C. - Tilburg University, Center for Economic Research - 2001
repayment and consequently reduces the cost of financing.However, if the ex-ante risk of strategic default in the economy is low …
Persistent link: https://www.econbiz.de/10011090639
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Of Religion and Redemption : Evidence from Default on Islamic Loans (Replaces CentER DP 2010-136)
Baele, Lieven; Farooq, M.; Ongena, S. - Tilburg University, Center for Economic Research - 2012
Abstract: We compare default rates on conventional and Islamic loans using a comprehensive monthly dataset from Pakistan that follows more than 150,000 loans over the period 2006:04 to 2008:12. We find robust evidence that the default rate on Islamic loans is less than half the default rate on...
Persistent link: https://www.econbiz.de/10011090645
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Corporate Governance, Opaque Bank Activities, and Risk/Return Efficiency : Pre- and Post-Crisis Evidence from Turkey
De Jonghe, Olivier; Disli, M.; Schoors, K. - Tilburg University, Center for Economic Research - 2011
Does better corporate governance unambiguously improve the risk/return efficiency of banks? Or does either a re … reinforcing effects? The authors relate bank efficiency to shortfalls from a stochastic risk/return frontier. They analyze how … corporate governance mechanisms have been able to improve risk/return efficiency when the economic, regulatory, and supervisory …
Persistent link: https://www.econbiz.de/10011090672
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Information Sharing and Credit Rationing : Evidence from the Introduction of a Public Credit Registry
Degryse, Hans; Cheng, X. - Tilburg University, Center for Economic Research - 2010
We provide the first evidence on how the introduction of information sharing via a public credit registry affects banks’ lending decisions. We employ a unique dataset containing detailed information on credit card applications and decisions from one of the leading banks in China. While we do...
Persistent link: https://www.econbiz.de/10011090675
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Reexamining the Empirical Relation between Loan Risk and Collateral : The Role of the Economic Characteristics of Collateral
Ioannidou, Vasso; Berger, A.N.; Frame, W.S. - Tilburg University, Center for Economic Research - 2012
empirical relation between collateral and loan risk. We posit that certain economic characteristics of collateral may be … associated with the empirical dominance of different risk-collateral channels implied by economic theory, namely the “lender … selection,” “borrower selection,” “risk-shifting,” and “loss mitigation” channels. Each of these four channels has different …
Persistent link: https://www.econbiz.de/10011090718