The paper investigates the relationship between bank credit lines and firms' overinvestment for Chinese listed … companies from 2001 to 2008. We find significant impacts of bank credit lines on firm overinvestment activities. Further, we … access to bank credit lines with cheaper cost than private-owned firms, and therefore are more likely to overinvest. The …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …

of firms partially offset reduced credit supply by resorting to alternative financing sources …

To measure the real effects of credit-supply disruptions during financial crises, we develop a quantitative model of …, census-type panel dataset for manufacturing firms and find that the contraction in credit supply during the Greek Depression … and uncertainty. Our empirical framework does not require cross-sectional variation in credit-supply conditions to …

rate, and invests in a risky bond whose market price is correlated with the credit quality of the investor. By viewing the …

business lending during the global financial crisis. The decline in business credit was driven by increased risk overhang … elasticities suggestive of credit rationing (consistent with an increase in lender risk aversion). Nevertheless, we identify a …

between bank credit and firm-level productivity in the context of different financial markets set-ups, we introduce a model of … overlapping generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for a … group of European countries to explore the relation between bank credit and productivity following the main predictions of …

between productivity and bank credit in the context of different financial market set-ups, we introduce a model of overlapping … generations of entrepreneurs under complete and incomplete credit markets. Then, we exploit firm-level data for France, Germany … and Italy to explore the relation between bank credit and productivity following the main derivations of the model. We …

This article investigates the short-term and long-term effects of bank market power on the availability of credit for … companies, and on firm investment. Our results suggest that an increase in bank market power reduces firms' credit availability …

The recent switch from the incurred credit loss model to the expected credit loss model is an important change to bank … financial reporting systems around the world. The expected credit loss model requires banks to monitor their borrowers closely …