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Lead Bank of the concerned district by involving representatives of different categories of these industries and the …
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types – in particular Autonomy and Embeddedness – and the corporate debt choice of either bank or bond financing. We derive … show that firms in Autonomy cultures tend toward bank finance, whereas firms in Embeddedness cultures show a preference for …
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This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …
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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....
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In 2018, bank lending to corporate customers is gradually gaining momentum mainly by means of rouble loans to non …
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In this paper, I build a continuous-time macro-finance model in which firms can access both bond credit and bank credit …. The model captures the simple idea that the presence of bond financing lowers the price elasticity of demand for bank …
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