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Government-driven credit played an important role in countervailing the private credit crunch in Brazil during the … credit tends to lead to higher leverage, the effect on investment appears to be insignificant for publicly traded firms …
Persistent link: https://www.econbiz.de/10013025929
Government-driven credit played an important role in countervailing the private credit crunch in Brazil during the … credit tends to lead to higher leverage, the effect on investment appears to be insignificant for publicly traded firms …
Persistent link: https://www.econbiz.de/10011314191
Persistent link: https://www.econbiz.de/10010471882
transmission of bank distress to the real economy—in particular, to real investment and labor employment by nonfinancial firms. We … real economy. We investigate the importance of the bank lending and firm borrowing channel in the international …-level financial statements for the 2004–2010 period together with the financial statements of each firm’s relationship bank(s). We use …
Persistent link: https://www.econbiz.de/10011339776
transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms … real economy. We investigate the importance of the bank lending and firm borrowing channel in the international …-level financial statements for the 2004-2010 period together with the financial statements of each firm's relationship bank(s). We use …
Persistent link: https://www.econbiz.de/10011346644
with bank financial statements and county level economic outcomes. I exploit geographic variation in bank origination …
Persistent link: https://www.econbiz.de/10014352201
Crises cause attentiveness in our society and awaken, depending on the degree of consternation, our ongoing interest. These events include financial crises, phenomenal incidents that shock the economic world and pose significant challenges for the governments. Two crises which stand out in this...
Persistent link: https://www.econbiz.de/10012206546
reform increasing secured creditors' protection, to estimate the effect of enforcement on firm access to finance, investment … of secured loans, as well as a larger increase in investment and value of output in the years following the reform. To …
Persistent link: https://www.econbiz.de/10013034050
reform increasing secured creditors' protection, to estimate the effect of enforcement on firm access to finance, investment … of secured loans, as well as a larger increase in investment and value of output in the years following the reform. To …
Persistent link: https://www.econbiz.de/10014163571
We examine the effects of CEO turnover in banks. Incoming bank CEOs face problems from information asymmetry because … banks' operations are opaque and bank risk can change dramatically in a short time. Incoming bank CEOs may therefore change … bank policies to manage their personal risks. Since CEO turnover is usually endogenous, we utilize a setting where CEO …
Persistent link: https://www.econbiz.de/10012970063