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intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include … what non-bank shareholders achieve. Proxy-voting rights apparently do not provide a significant means for banks to exert … management control. Most of the recent evidence regarding small firms suggests that a Hausbank relationship can indeed be …
Persistent link: https://www.econbiz.de/10009765357
examination of credit files of five leading German banks, thus relying on information actually used in the process of bank credit … decision-making and contract design. In particular, bank internal borrower ratings serve to evaluate borrower quality, and the … bank's own assessment of its housebank status serves to identify information-intensive relationships. Additionally, we used …
Persistent link: https://www.econbiz.de/10009768264
We studied information and interaction processes in six lending relationships between a universal bank and medium sized …, bank monitoring is based mainly on cheap, retrospective and internal data. In case of distress, more expensive, prospective … firm's investments might leave the bank in a very strong bargaining position and distort investment incentives. Therefore …
Persistent link: https://www.econbiz.de/10009768853
of banks and firms which is obtained by setting a link between a bank and a firm when a credit relationship is present in …
Persistent link: https://www.econbiz.de/10013050557
This paper proposes a stochastic model of a bipartite credit network between banks and the non-bank corporate sector … that encapsulates basic stylized facts fond in comprehensive data sets for bank-firm loans for a number of countries. When …
Persistent link: https://www.econbiz.de/10010394343
decreases if the creditor concentration is high and if the duration of bank-firm relationships is long. While these results …
Persistent link: https://www.econbiz.de/10013087495
Lending relationships matter for firm financing. In a model of debt dynamics, we study how lending relationships are formed and how they impact leverage and debt maturity choices. In the model, lending relationships evolve through repeated interactions between firms and debt investors. Stronger...
Persistent link: https://www.econbiz.de/10012612803
This paper empirically characterizes relationship lending using data from more than 20,000 loans of a Spanish bank to … previous bank-firm relationship, allowing for the identification of non-linear pricing patterns in the bank-firm relation. We … dimensions: Relationship age and having additional contracts – other than loans – with the bank …
Persistent link: https://www.econbiz.de/10013001463
concentration of credit relationships and the position of a bank in the network topology of the system influence the bank’s ability … by the individual banks in the European Central Bank’s (ECB) weekly repo auctions. The bids measure each bank …’s willingness to pay for liquidity since they had variable rate tenders with a “pay-your-bid” price. Controlling for bank …
Persistent link: https://www.econbiz.de/10010238510
relationship bank, but not to a transaction bank. We show that borrowers self-select to relationship banks depending on whether …
Persistent link: https://www.econbiz.de/10010225815