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Crony banking and local growth in China
Wang, Chunyang - 2017
Persistent link: https://www.econbiz.de/10011649186
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Government Connections and Financial Constraints : Evidence from a Large Representative Sample of Chinese Firms
Cull, Robert - 2016
, likely the engine for innovation in the coming years in China, are especially financially constrained, due perhaps to the …-the-big-and-letting-go-the-small' privatization program in China. Our empirical results suggest that government connections play an important role in explaining … Chinese firms' financing conditions, and provide further evidence on the nature of the misallocation of credit by China …
Persistent link: https://www.econbiz.de/10013003300
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Relationship lending : that ship has not sailed for community banks
Holod, Dmytro; Peek, Joe; Torna, Gökhan - 2024 - This version: April 2024
This study provides direct evidence of the value to banks arising from relationship lending by estimating the market premium placed on banking organizations' small business loan portfolios. Using data from the small business loan survey contained in the June bank Call Reports, we find that small...
Persistent link: https://www.econbiz.de/10014529121
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Business Elites, Political Connections, and Economic Entrenchment : Evidence from Belgium 1858-1909
Ghita, Mihaela Livia - 2010
Pre-World War I Belgium was characterized by a strong concentration of power in the hands of a small elite with ties to business, banks, and politics. We find that political and upper class connections were widespread amongst listed firms, especially connections with the ruling political party....
Persistent link: https://www.econbiz.de/10013149676
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Size Matters : Commercial Banks and the Capital Markets
Whitehead, Charles K. - 2015
The conventional story is that the Gramm-Leach-Bliley Act broke down the Glass-Steagall Act's wall separating commercial and investment banking in 1999, increasing risky business activities by commercial banks and precipitating the 2007 financial crisis. But the conventional story is only...
Persistent link: https://www.econbiz.de/10013011977
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Are lending relationships beneficial or harmful for public credit guarantees? : evidence from Japan's Emergency Credit Guarantee Program
Ono, Arito; Uesugi, Iichiro; Yasuda, Yukihiro - 2011
This paper examines the effectiveness of Japans Emergency Credit Guarantee (ECG) program set up during the financial turmoil following the failure of Lehman Brothers, in increasing credit availability and improving the ex-post performance of small businesses. In particular, using a unique...
Persistent link: https://www.econbiz.de/10009153881
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Liability holding companies
Admati, Anat R.; Conti-Brown, Peter; Pfleiderer, Paul - 2011
Persistent link: https://www.econbiz.de/10009504773
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Equity Capital Raising in Australia During 2008 and 2009
Connal, Simon J - 2012
During 2008 and 2009 Australian listed entities raised large amounts of equity capital as the global financial crisis led to a significant tightening in credit markets. Over these two years listed entity after listed entity recapitalised, seeking additional equity to replace debt as lenders,...
Persistent link: https://www.econbiz.de/10013115765
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Financing Firms in Hibernation during the COVID-19 Pandemic
Didier, Tatiana - 2020
The coronavirus (COVID-19) pandemic has halted economic activity worldwide, hurting firms and pushing them toward bankruptcy. This paper provides a unified framework to organize the policy debate related to firm financing during the downturn, centered along four main points. First, the economic...
Persistent link: https://www.econbiz.de/10012834375
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Financing of Entrepreneurial Firms in Canada : Some Patterns
Miglo, Anton - 2019
This article provides an overview of sources of finance and some patterns of financing for entrepreneurial firms in Canada. Based on Miglo (2018), we compare the predictions of major theories of entrepreneurial finance (flexibility theory of capital structure, asymmetric information, credit...
Persistent link: https://www.econbiz.de/10012897102