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Persistent link: https://www.econbiz.de/10011387678
We classify a large sample of banks according to the geographic diversification of their international syndicated loan … source of funding, while foreign banks with little diversification are the most fickle. Our findings suggest that the decline …
Persistent link: https://www.econbiz.de/10011857209
We classify a large sample of banks according to the geographic diversification of their international syndicated loan … source of funding, while foreign banks with little diversification are the most fickle. Our findings suggest that the decline …
Persistent link: https://www.econbiz.de/10011993704
I look at the relationship between corporate loan terms and connections of board members to bankers through employment on other boards, a connection less likely to be affected by confounding factors. Specifically, I examine whether loan terms such as pricing and maturity as well as other loan...
Persistent link: https://www.econbiz.de/10012844268
impact of bank credit supply frictions on firm performance. I exploit differences in the composition of banks' liabilities … structure during the financial crisis of 2007-2009 as a source of exogenous variation in the availability of bank credit to … nonfinancial firms, in order to identify the causal relationship between bank credit supply and firm performance, measured by firms …
Persistent link: https://www.econbiz.de/10012957434
to otherwise similar institutions. Moreover, the effect of prestige on upfront fees is particularly strong for new bank …
Persistent link: https://www.econbiz.de/10011543355
This paper reviews empirical evidence on the use of bank lines of credit as a source of corporate liquidity …. Traditional explanation for lines of credit is that they provide insurance against liquidity shocks, in much the same as way … hoarding cash does. However, recent empirical research suggests that access to lines of credit is contingent on the credit …
Persistent link: https://www.econbiz.de/10013116009
international sample of bank loans, this paper demonstrates how these two contrasting forces result in an inverse U …
Persistent link: https://www.econbiz.de/10012973139
episodes of bank specialization. We use the banks’ real loan allocation worldwide instead of the in-sample data to compute a … bank specialization. We find that firms borrowing from banks with high specialization levels incur lower bank loan spreads …'s sector is the same as its banks' specialized sector. However, this rent would transfer to a discount once the bank is highly …
Persistent link: https://www.econbiz.de/10014254329
This paper uses loan-level data from Peru's credit registry to determine how the role of bank-specific characteristics … (i.e. bank size, liquidity, capitalization, funding, revenue, and profitability) may affect the supply of credit in …. Finally, we assess how the link between bank-specific characteristics and credit supply is affected by global financial …
Persistent link: https://www.econbiz.de/10014104725