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This is an Internet Appendix with additional tables for Zhang, Zhang, and Zhao (2022, available at https://ssrn.com/abstract=3519341). The abstract of the paper is as follows:Using a dataset on syndicated loan primary market pricing adjustments, we examine whether relationship banks’...
Persistent link: https://www.econbiz.de/10014236530
Forty percent of firms share banks with their industry competitors. We find that firms borrowing from and switching to their competitors’ banks pay lower loan spreads. The impact is stronger when firms are more financially constrained, bank monitoring is less costly, or product market...
Persistent link: https://www.econbiz.de/10014239732
The purpose of this study is to prove empirically that Sukuk has a positive effect on Corporate Value, and to prove empirical that the Company Value is a factor that mediates the correlation between Sukuk with Shareholder Welfare. The population in this study is a company that issued sukuk and...
Persistent link: https://www.econbiz.de/10014254484
We study a new model to study the effect of contract externalities that arise through shock transmission. We model a financial network where good firms enjoy direct and indirect benefits from linking with one another. Bad risks benefit from having a connection with a good firm, but they are a...
Persistent link: https://www.econbiz.de/10014574278
Using a panel data approach with bank-fixed effects, we study the impact of Targeted Longer-Term Refinancing Operations (TLTRO) on banks' risk, given by their distance to default (DtD). The study aims to determine if the liquidity from TLTROs influences banks' risk-taking behaviour. For the...
Persistent link: https://www.econbiz.de/10014574301
Policymakers regularly rely on public financial institutions and government offices to provide loans for clean energy projects. However, both the market failures that public loan provision addresses and its role in a policy strategy that also features instruments directly addressing...
Persistent link: https://www.econbiz.de/10014574318
The coronavirus pandemic has led to unprecedented financial and economic disruptions worldwide. Academic interest in the topic of the COVID-19 outbreak has led to a rapid influx of publications on the subject matter from both Islamic and conventional finance and economic perspectives. This paper...
Persistent link: https://www.econbiz.de/10013292292
This study explores companies' financing decisions from a new perspective, those of the bank advisers, who are deeply involved in the decision processes, but are nevertheless outsiders. In our survey, corporate advisers of a large German bank report their perception of clients' decisions. The...
Persistent link: https://www.econbiz.de/10014518518
We analyze the credit supply and real sector effects of bank bail-ins by exploiting the unexpected failure of a major Portuguese bank and subsequent resolution. Using a matched firm-bank dataset on credit exposures and interest rates, we show that while banks more exposed to the bail-in...
Persistent link: https://www.econbiz.de/10012054475
This paper proposes a standardised classification of business models of the European Union (EU) banks. Our work is based on a rich and unique dataset collected for the first time for the full population of EU banks at individual level. The proposed approach to classification combines both a...
Persistent link: https://www.econbiz.de/10012054483