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Reputation of financial institutions is crucial for their activity and performance. Participant banks often rely on … lead bank's reputation in making future syndicated loan participation and lending decisions. We apply ordered probit … regression techniques to a sample of more than 4,600 loans to investigate the determinants of participant banks reputation on the …
Persistent link: https://www.econbiz.de/10013072075
Reputation of financial institutions is crucial for their activity and performance. Participant banks often rely on … lead bank’s reputation in making future syndicated loan participation and lending decisions. We apply ordered probit … regression techniques to a sample of more than 4,600 loans to investigate the determinants of participant banks reputation on the …
Persistent link: https://www.econbiz.de/10010742552
Islamic and conventional investment funds have the same purpose. However, unlike conventional funds, Islamic funds offer different investment contracts and have to invest in accordance with a set of selection rules. This dissertation focuses on developing theoretical and empirical analysis...
Persistent link: https://www.econbiz.de/10011212048
The founding directors of newly incorporated companies bring social capital (reputation, networks, business …
Persistent link: https://www.econbiz.de/10014042597
The founding directors of newly incorporated companies bring social capital (reputation, networks, business …
Persistent link: https://www.econbiz.de/10013110890
new evidence regarding the roles of borrower reputation, lead arranger reputation and the bank-borrower relationship …. First, lead arranger reputation can reduce information asymmetry but only for the most reputable lead arrangers. Second …, borrower reputation, measured by the borrower’s past access of the loan market, reduces the problem of information asymmetry …
Persistent link: https://www.econbiz.de/10012011732
The main purpose of this paper is to present the empirical findings derived from the data of small firms that the availability of private and public information on the borrowing firm leads to diverse borrowing patterns among firms. Exploring logit models to characterize the firm’s choice of a...
Persistent link: https://www.econbiz.de/10002235161
We investigate the impact of the reputation of a private equity group (PEG) on financing costs in leveraged buyouts … (LBOs). PEGs with a strong reputation have superior selection abilities and may be able to obtain cheaper LBO loans due to …' reputation indeed lowers financing costs. The size of the effect depends crucially on the chosen syndicate structure. The effect …
Persistent link: https://www.econbiz.de/10013091830
reputation. These relations are robust to credit market conditions and aggregated LBO activities. The evidence suggests that the … monitoring by lenders, and the better aligned management incentives. Private equity firms’ reputation is also important in …
Persistent link: https://www.econbiz.de/10014154625
In this paper we use credit rating data from two large Swedish banks to elicit evidence on banks' loan monitoring ability. For these banks, our tests reveal that banks' credit ratings indeed include valuable private information from monitoring, as theory suggests. However, our tests also reveal...
Persistent link: https://www.econbiz.de/10013081556