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This paper studies the role of individual P2P investors that are acquainted with the borrower in mitigating credit …
Persistent link: https://www.econbiz.de/10012845813
performance and credit risk. Last, firms increase capital expenditures and R&D after receiving the Most Admired designation …
Persistent link: https://www.econbiz.de/10012848288
This paper examines the effects of strategic alliances on non-financial firms' bank loan financing. We construct several measures to capture firms' alliance activities using the frequency of alliance activities, the prominence of the alliance partner and the relative networking position in the...
Persistent link: https://www.econbiz.de/10013127601
Traditionally female entrepreneurs report difficulties or higher costs in accessing bank credit. These difficulties can …. This paper aims at analyzing the access to credit of small- and medium-sized enterprises (SMEs) owned by women and testing … lines of credit provided by four Italian banks over the period 2005-2007. Estimates show that, after controlling for loan …
Persistent link: https://www.econbiz.de/10013299513
This paper investigates how credit information sharing affects corporate trade credit. Utilizing the difference …-in-difference method, we find that infra-marginal bank borrowers significantly reduce their trade credit after the introduction of the … Chinese National Enterprise Credit Information Publicity System (NECIPS), a groundbreaking public credit registry in China …
Persistent link: https://www.econbiz.de/10014257176
-policy, particularly with respect to credit renegotiation efficiency. We find that a significant, yet limited, degree of relationship …
Persistent link: https://www.econbiz.de/10003816337
Marketplace lending relies on screening and information production by investors, a major deviation from the traditional banking paradigm. Theoretically, the participation of sophisticated investors improves screening outcomes but also creates adverse selection among investors. In maximizing loan...
Persistent link: https://www.econbiz.de/10012900239
, a for-profit monopolist, and a competitive credit market. To understand the magnitude of the effects analyzed, we …
Persistent link: https://www.econbiz.de/10013005531
The model developed in this paper extends the framework of self-fulfilling credit market freezes proposed by Bebchuk … between firms and banks, low credit demand expectations reduce credit supply and viceversa. This two-way feedback loop …
Persistent link: https://www.econbiz.de/10012946215
self-propagatory and adversely affect the supply of credit. We propose a unifying theory that models the interplay between …Empirical evidence suggests that widespread financial distress, by disrupting enforcement of credit contracts, can be … enforcement, borrower default decisions, and the provision of credit. The central tenets of our framework are the presence of …
Persistent link: https://www.econbiz.de/10012948698