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Purpose - to analyse the main borrowing alternatives available to Lithuanian households and the credit market as a … macroeconomic environment for all the credit market segments is the same, the P2P segment is developing significantly faster. If … this trend remains unchanged, the whole credit market is likely to face challenges, such as the growth of overdue loans …
Persistent link: https://www.econbiz.de/10013348705
find that: bond finance dampens the overall response of firm credit to monetary policy shocks in economies with a high …
Persistent link: https://www.econbiz.de/10012212853
Current empirical methods to identify and assess the impact of bank credit supply shocks rely strictly on multi … economy and most prone to credit supply shocks. We propose and underpin an alternative demand control (using industry …-location-size-time fixed effects) that allows identifying timevarying cross-sectional bank credit supply shocks using both single- and multi …
Persistent link: https://www.econbiz.de/10011920502
We empirically examine the impact of bank consolidation on bank acquisition of soft information about borrowers. Using a dataset of small business financing, we find that mergers of small banks have a negative impact on soft information acquisition, whereas mergers of large banks have no impact....
Persistent link: https://www.econbiz.de/10012954778
This paper analyses the role of lending technologies and banking relationships on firms' credit access in Italy. Using … EFIGE firm-level data, we show that the depth and strength of firm-bank relationships have heterogeneous effects on credit … constraints for small firms, while borrowing from a large number of lenders hinders access to credit for large companies. Small …
Persistent link: https://www.econbiz.de/10012910599
Despite the importance of banks' role as delegated monitors, little is known about how non-price terms of loan contracts are structured to optimize information production in a lending relationship. Using a large sample of corporate loans, this paper examines the effect of relationship lending on...
Persistent link: https://www.econbiz.de/10013008203
To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using … firm-level data covering 44 developed and developing countries. The results show that elections impair access to credit …. Specifically, firms are more credit-constrained in election years and pre-election years as elections exacerbate political …
Persistent link: https://www.econbiz.de/10012819438
We investigate how changes in the availability of bank credit influence how public firms manage their working capital … corporate working capital management. We find that changes in the availability of bank credit significantly influence a number …
Persistent link: https://www.econbiz.de/10012967351
credit for non-financial firms. Our results suggest that bank competition increased during the 2006-2008 period–even as … small firms, but increase rates to firms with which they have the oldest credit relationships. This suggests (i) the …
Persistent link: https://www.econbiz.de/10012863609
To analyze whether the occurrence of elections affects access to credit for firms, we perform an investigation using … firm-level data covering 44 developed and developing countries. The results show that elections impair access to credit …. Specifically, firms are more credit-constrained in election years and pre-election years as elections exacerbate political …
Persistent link: https://www.econbiz.de/10013306031