Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected … bank funding costs. We show that credit supply is dampened by the associated debtoverhang cost to bank shareholders. Until … 2022, this impact was reduced by linking the interest paid on lines to credit-sensitive reference rates such as LIBOR. We …

Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected … bank funding costs. We show that credit supply is inefficiently dampened by the associated debt-overhang cost to bank … shareholders. Until 2022, this impact was reduced by linking the interest paid on lines to credit-sensitive reference rates such as …

Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected … bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until … 2022, this impact was reduced by linking the interest paid on lines to credit-sensitive reference rates such as LIBOR. We …

among organizational variables: the adoption of credit scoring increases the likelihood of restructuring if banks also use …

We employ a unique data set that tracks the changes of each lender's share commitment in each syndicated credit … facility in each year to study the relationship between credit cuts and the borrowing firms' future performance. Overcoming the … between different types of credit cuts (e.g., credit sale vs. credit reduction, loan sale vs. loan reduction, credit cuts by …