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-of-credits pricing by using a sample extracted from a large Tunisian bank credit portfolio. We, thus, find out that only the opaqueness …
Persistent link: https://www.econbiz.de/10013086587
performance pricing loans, firms with lower (higher) accounting quality are more likely to have credit rating (accounting) based …
Persistent link: https://www.econbiz.de/10013067165
Trade credit is the most important form of short-term finance for U.S. firms. In 2017, non-financial firms had about $3 … trillion in trade credit outstanding equaling 20 percent of U.S. GDP. Why do sellers lend to their buyers in the presence of a … well-developed financial sector? This paper proposes an explanation for the puzzling dominance of trade credit: When …
Persistent link: https://www.econbiz.de/10011996421
This is an Internet Appendix with additional tables for Zhang, Zhang, and Zhao (2022, available at https://ssrn.com/abstract=3519341). The abstract of the paper is as follows:Using a dataset on syndicated loan primary market pricing adjustments, we examine whether relationship banks’...
Persistent link: https://www.econbiz.de/10014236530
tightening of credit terms when firms experience shocks. …
Persistent link: https://www.econbiz.de/10011960127
. The banking system generates longer credit cycles on the time series compared to the business cycle, and also fosters … growth through lending, but deepens the recession during crises by decreasing credit supply. Macroprudential authority uses …
Persistent link: https://www.econbiz.de/10011657392
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012643066
measures that aim to avoid credit overexpansion are two policies that can improve the links of private debt with labour income …
Persistent link: https://www.econbiz.de/10012421215
question, we identify the compositional changes in banks' supply of credit using the variation in their holdings of residential …
Persistent link: https://www.econbiz.de/10012064522
This study analyzes the impact of bank relationships on a firm’s cost of debt. We focus on relationships with the main bank. We find that a firm’s cost of debt decreases with relationship strength, proxied by the share of bank debt provided by the main lender, but rises with relationship...
Persistent link: https://www.econbiz.de/10008906017