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The determinants of loan contracts to business firms
Pham, Thi Thu Trà; Lensink, Robert - 2006
the bank uses in lending to business firms, namely loan maturity, collateral and loan interest rate. Based upon the …-directional relationships between collateral and loan maturity, loan rate and loan maturity, and a uni-directional relationship between loan … rate and collateral. The conflicting signs within the collateral–loan maturity relationship and the loan interest rate …
Persistent link: https://www.econbiz.de/10010284672
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How does credit information sharing shape bank loans?
Álvarez-Botas, Celia; González Méndez, Víctor Manuel - In: The quarterly review of economics and finance 95 (2024), pp. 18-32
Persistent link: https://www.econbiz.de/10014631315
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Optimal versus actual maturity of government debt : the case of Greece
Dalamagas, Basil A.; Tantos, Stefanos - In: Spoudai : journal of economics and business 66 (2016) 3, pp. 25-52
The purpose of the present paper is to examine theoretically and empirically how the maturity structure of government … debt is affected by changes in its main macroeconomic determining factors. We organize our investigation around a maturity …-structure model for Greece in which the optimal (annual) average maturity of a total of outstanding government bonds of different …
Persistent link: https://www.econbiz.de/10011557848
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Long-term interest rates and public debt maturity
Sakalauskaite, Ieva; Beetsma, Roel; Giuliodori, Massimo - 2013
the maturity of the public debt by one year lowers its long-term interest rate by around 20-30 basis points. This effect …
Persistent link: https://www.econbiz.de/10010189835
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CEO overconfidence and corporate debt maturity
Huang, Ronghong; Tan, Jui Keng; Faff, Robert W. - In: The journal of corporate finance : contracting, … 36 (2016), pp. 93-110
Persistent link: https://www.econbiz.de/10011453296
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Investor runs in wholesale funding markets : three essays
Thierfelder, Felix - 2014
Persistent link: https://www.econbiz.de/10010426637
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Screening and monitoring corporate loans
Gryglewicz, Sebastian; Mayer, Simon; Morellec, Erwan - 2021
How much of a loan should a lender dynamically retain and how does retention affect loan performance? We address these questions in a dynamic agency model in which a lender originates loans that it can sell to investors. The lender reduces default risk through screening at origination and...
Persistent link: https://www.econbiz.de/10012800127
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Corporate board vigilance and insolvency risk : a mediated moderation model of debt maturity and fixed collaterals
Hussain, Rana Yassir; Wen, Xuezhou; Hussain, Haroon; … - In: International journal of management and economics 57 (2021) 1, pp. 14-33
can use leverage maturity structure as a tool to control insolvency risk. However, according to the information asymmetry … theory, leverage acquisition is subject to the presence of fixed assets which can be used as collateral. The current study … focuses on the relationship between board vigilance and insolvency risk, mediated by debt maturity and moderated by fixed …
Persistent link: https://www.econbiz.de/10012519593
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Debt as Safe Asset
Brunnermeier, Markus Konrad; Merkel, Sebastian A.; … - National Bureau of Economic Research - 2022
The price of a safe asset reflects not only the expected discounted future cash flows but also future service flows, since retrading allows partial insurance of idiosyncratic risk in an incomplete markets setting. This lowers the issuers' interest burden and allows the government to run a...
Persistent link: https://www.econbiz.de/10012814401
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The private production of safe assets
Kacperczyk, Marcin; Pérignon, Christophe; Vuillemey, … - 2018
Using high-frequency, granular panel data on short-term debt securities issued in Europe, we study the existence, empirical boundaries, and fragility of private assets' safety. We show that only securities with the shortest maturities, issued by banks (certificates of deposit, or CDs), benefit...
Persistent link: https://www.econbiz.de/10011951184