This study examines how banks respond to the operational weather risk of borrowers. We quantify borrower …-specific operating exposure to cumulative unexpected weather conditions and study how it affects the pricing and non-pricing features of … intensity for borrowers with higher operating exposure to abnormal weather conditions. The results further show that banks grant …

' information advantage facilitates price discovery in loan issuances. We find that the lead bank makes fewer adjustments to the …. A stronger relationship also reduces loan underpricing. A relationship lead bank relies less on information from … syndicate members. Exogenous shocks to relationships caused by bank mergers and closures confirm our findings. We contribute to …

) are used as instruments of business policy and (3) are used by banks as a means of credit monitoring. If a bank decides to …

for the Central Bank, the Ministry of Finance and other institutions that regulate the credit market, as it provides …Purpose - to analyse the main borrowing alternatives available to Lithuanian households and the credit market as a … households still remain bank credits. Besides, borrowing from P2P market is becoming more and more popular. Although the …

We test whether bank loans change public bond yields. A 10% increase in bank debt raises bond yields by 15bps …, reflecting a trade-off between the benefits of bank cross-monitoring and higher bond risk. This effect is smaller for firms with … no CDS and junk debt, where bank monitoring is most valuable. It is unlikely that firms with bank debt are riskier …

private information about borrower quality that is unknown to the lead bank. Our findings suggest a new view of how …

This paper explores the impact of extreme weather exposures on the financial outcomes of low-income households. Using a … results in an increase in delinquency and default rates and a reduction of total credit issued, indicating a contraction in …

This study quantifies firm-specific operating exposure to cumulative unexpected weather variations and examines how it … seasonality hypothesis posits that operating weather exposure reduces earnings seasonality, thereby increasing forecast dispersion … and reducing forecast accuracy. The increase in short-term earnings persistence hypothesis posits that operating weather …

This study quantifies firm-specific operating exposure to cumulative unexpected weather variations and examines how it … seasonality hypothesis posits that operating weather exposure reduces earnings seasonality, thereby increasing forecast dispersion … and reducing forecast accuracy. The increase in short-term earnings persistence hypothesis posits that operating weather …

The frequency and intensity of extreme weather events are likely to increase as climate change unravels. Although there …' responses to temperature extremes, particularly how their credit management and their ability to repay their existing debt are …