CAPITAL STRUCTURE AND BANK PERFORMANCE
نویسندگان
چکیده
منابع مشابه
Bank capital structure and credit decisions
This paper argues that banks must be sufficiently levered to have first-best incentives to make new risky loans. This result, which is at odds with the notion that leverage invariably leads to excessive risk taking, derives from two key premises that focus squarely on the role of banks as informed lenders. First, banks finance projects that they do not own, which implies that they cannot extrac...
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Do credit market conditions affect corporate capital structures? In an attempt to answer this question, I study two natural experiments that affect corporate access to bank credit: the 1961 expansion of bank credit due to the emergence of the market for CDs, and the contraction associated with the 1966 credit crunch. I document several capital structure reactions to these changes in credit mark...
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ژورنال
عنوان ژورنال: Jurnal Bisnis dan Manajemen
سال: 2019
ISSN: 2442-4617
DOI: 10.24198/jbm.v20i2.300