Quality of information disclosure, property rights, and bank loans: A bank heterogeneity perspective
نویسندگان
چکیده
منابع مشابه
Concentration in corporate bank loans
The aim of this paper is to empirically investigate the determinants of creditor concentration in the use of bank loans by firms in a European cross-country framework. We analyze the influence of loan and borrower characteristics but also banking market structure and legal enforcement variables that are expected to influence the financial and strategic decisions relative to bank lending concent...
متن کاملA Credit Cycle Model of Bank Loans and Corporate Bonds: A Bank Capital View
This paper investigates macroeconomic effects of bank regulation in a continuoustime macro-finance framework with both bond-financing and bank-financing. Risky firms appreciate bank credit because banks are efficient at liquidating assets for troubled firms. However, risky firms must pay the risk premium for banks’ exposure to aggregate risks. Our framework captures the feature that the cost of...
متن کاملAssessing bank competition for consumer loans
We assess the competitiveness of the $400 billion dollar U.S. bank consumer loan market by comparing results from different competition measures–HHI, Lerner Index, H-Statistic along with three others, two of which are related to frontier analysis. These measures are typically weakly related to one another and only half of them identify banks with the highest loan price and spread as also being ...
متن کاملForecasting bank loans loss-given-default
With the advent of the new Basel Capital Accord, banking organizations are invited to estimate credit risk capital requirements using an internal ratings based approach. In order to be compliant with this approach, institutions must estimate the expected loss-given-default, the fraction of the credit exposure that is lost if the borrower defaults. This study evaluates the ability of a parametri...
متن کاملBank Dividend Policy as a Signal of Bank Quality
This article examines whether the dividendpolicy of bank holding companies is used as a signal of their quality. The study found evidence to support the dividend signaling argument-that is, that there is a positive relationship between bank dividendsper share and bank quality rating. Aaiiitionally, an inverse relationship between the dividend payout ratio and bank quality was found. Therefore, ...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: China Journal of Accounting Research
سال: 2019
ISSN: 1755-3091
DOI: 10.1016/j.cjar.2019.01.001