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Corporate leverage and the collateral channel

Norden, Lars; Kampen, Stefan van - In: Journal of banking & finance 37 (2013) 12, pp. 5062-5072

Persistent link: https://www.econbiz.de/10010342793

The Effect of Bank Debt and Equity Financing on the Relation between Investment and Financial Reporting Quality

Sun, Kevin Jialin - 2012

This paper studies how the difference in the demand for accounting information from shareholders and banks affects the relation between financial reporting quality and corporate investment decisions. Ineffective monitoring and capital rationing by shareholders and banks due to information...

Persistent link: https://www.econbiz.de/10013096115

Venture Debt Financing : Determinants of the Lending Decision

Fischer, Timo - 2014

We provide the first empirical evidence on the determinants of the lending decision of venture debt firms, specialized institutions that provide loans to finance growth of high-tech startups. Building on existing field interviews and case studies, we design a choice experiment of the lending...

Persistent link: https://www.econbiz.de/10013067562

The Value of Business Networks : An Analysis of Firm Financing in Transition Economies

Owolabi, Oluwarotimi Ayokunnu - 2009

The paper argues that the networked firms have an advantage in securing bank finance in countries with weak legal and judicial institutions. An analysis of recent BEEPS data from sixteen CEE transition countries lends some support to this hypothesis. Firms affiliated to business associations are...

Persistent link: https://www.econbiz.de/10013154767

International Bank Lending and Corporate Debt Structure

Serena, José María - 2020

) in 2011. We find that US firms experience a reduction in credit lines but not in term loans from EU banks. In addition …, US firms are able to compensate for the reduction in credit lines from EU banks by securing liquidity facilities from US …

Persistent link: https://www.econbiz.de/10012836875

Corporate Misreporting and Bank Loan Contracting

Graham, John R. - 2008

This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans initiated before restatement, loans initiated after restatement have significantly higher spreads, shorter maturities, higher likelihood of being secured, and more covenant...

Persistent link: https://www.econbiz.de/10012773124

What Determines the Structure of Corporate Debt Issues?

Julio, Brandon - 2008

Publicly-traded debt securities differ on a number of dimensions, including quality, maturity, seniority, security, and convertibility. Finance research has provided a number of theories as to why firms should issue debt with different features; yet, there is very little empirical work testing...

Persistent link: https://www.econbiz.de/10012773126

External Financing of Last Resort? Bank Lines of Credit as a Source of Long-Term Finance

Chang, Xin (Simba) - 2019

We find credit line drawdowns are an important source of long-term finance for capital expenditures and acquisitions … for all but the highest rated firms. Unrated and to a lesser extent intermediate-rated firms draw down credit lines most … frequently when capital market conditions are unfavorable. Firms repay long-term credit line drawdowns relatively quickly, with 2 …

Persistent link: https://www.econbiz.de/10012903940

Corporate Borrowings : Strengthening of the Role of a Bank Loan

Khromov, Michael - 2018

In 2018, bank lending to corporate customers is gradually gaining momentum mainly by means of rouble loans to non-financial institutions. Domestic bond market dynamics slowed down dramatically due to reduction of new borrowings by the Rosneft oil company. In 2018, the share of bond loans on the...

Persistent link: https://www.econbiz.de/10012907963

Human capital in the financial sector and corporate debt maturity

Liu, Guanchun; Liu, Yuanyuan; Zhang, Chengsi - In: China economic review : an international journal 69 (2021), pp. 1-21

Persistent link: https://www.econbiz.de/10012818458