' willingness to pay for bank credit and raises questions about the nature of competition in the loan market …This paper investigates the pricing of bank loans relative to capital market debt. The analysis uses a novel sample of … premium relative to the bond-implied credit spread. In a sample of secured term loans to noninvestment-grade firms, the …

cutting back on lending but also by reallocating credit to firms in financial distress with prior underreported loan loss … natural experiment to study the effects of reduced bank capital adequacy on productivity. Affected banks respond not only by … credit reallocation leads to a reallocation of production factors across firms. A partial equilibrium exercise suggests that …

assessments of the benefits of those programs-such as their effectiveness in reducing bank failures or supporting new lending … of such support on lending by U.S. banks. The results, using an instrumental variable approach, suggest that bank loans … financial institutions and support credit availability have invited heated debate. This paper comprehensively reviews empirical …

opportunity for unlisted firms. Using the Italian Credit Register, we investigate the impact of minibond issuance on bank credit … reduce the amount of used bank credit but increase the overall amount of available external funds, pointing to a substitution … with bank credit and to a diversification of corporate funding sources. Studying their ex-post performance, we find that …

power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise … regulatory reform which allowed unlisted firms to issue minibonds. Using the Italian Credit Register, we compare new loans … lower interest rates on bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining …

Receiving punishment from regulators for corporate fraud can affect financing contracts between a firm and its bank, as … both the firm’s credit risk and information risk increase after punishment. By focusing on Chinese firms’ borrowing … behavior after events of corporate fraud, we find that firms’ bank loans after punishment are not only significantly lower, but …

bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …, pointing to a substitution with bank credit and to a diversification of corporate funding sources. Studying their ex …

jeopardized. This raises concerns for lending institutions that have provided credit to these companies, potentially leading to … stricter lending conditions for borrowers. This paper analyzes how these risks spread from the real economy to the syndicated …

Can banks trade credit default swaps (CDSs) referenced on their current corporate clients at competitive prices, or are … that the same dealer offers to banks and to other investors. We find that banks lending to a corporation purchase CDSs on …