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reasons. First, corporate loans account for a large portion of banking assets and represent a significant risk management concern for regulators.3 Second, risk management represents a key responsibility ...
Abstract We analyze the heterogeneous employment effects of financial shocks using a rich data set of job contracts , matched with the universe of firms and their lending banks in one Italian region ...
) clause in debt contracts that gives debtholders control rights in the event of a management change. Akins, DeAngelis, and Gaulin (2016) find that 8.5% of bank loan contracts include a CMR clause ...
to increase the variance on loan contract terms, because the bank can use the extra information to increase lending to creditworthy borrowers and reduce lending to riskier borrowers. In this paper, we document ...
information, we exploit shocks to these travel times—the introduction of new airline routes—to evaluate the impact of within- bank communication costs on small business loans . We find that reducing headquarters ...
connections due to Rule 18 of China’s national anticorruption campaign. She finds that these firms subsequently found it difficult to obtain bank loans . Political connections can also impose a negative ...
and risks of the patented technology and the financial prospects of the innovative firm asking for a loan . Indeed, Chen et al. (2016) report that banks with innovation-lending expertise can benefit from ...
perception of banks or bankers having profited from such corrupt practices. 2. The Libor process Conventional medium-term eurocurrency syndicated loan contracts have since 1969 provided for interest to accrue ...
. Balancing the needs to know The who and the why When a private firm and its bank sign a loan contract , only a limited circle of stakeholders needs to know about it. Of course, if the firm is a publicly listed ...
the mechanics and applications of crypto-finance.6Yermack (2017) evaluates the potential impacts of the technology on corporate governance. Complementary to our discussion on smart contracts , Bartoletti ...
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