Corporate Linkages and Bank Lending in Canada: Some First Results
نویسنده
چکیده
Economists have directed attention to the role of corporate governance in determining the performance of business enterprises well before the issue was thrust into prominence by the troubles of Enron, WorldCom, and others. Much of this literature examines the consequences of different mechanisms for corporate control. An important part of this literature stresses the role of banks in corporate governance.
منابع مشابه
Customer Concentration and bank loan contracts: Evidence from the Tehran Stock Exchange
Objective: The variables of customer concentration and bank loan contracts can affect corporate finance activities, and customer concentration may increase corporate returns. Methods: Under this study, the relationship between customer concentration and bank loan contracts have been investigated first and then the moderating effect of financial status variables and accounts payable on relation...
متن کاملCross-border Bank Lending in the APEC Region: the Role of Country Risks
T his paper aims to understand the structure and determinants of international bank l ending among APEC economies. Specifically, this paper first aims to analyze whether Australia Canada Japan Chinese Taipei and the United States, which are the only APEC members for which international borrowing data are available, tend to lend more intensively to other APEC members than to non-APEC countries ....
متن کاملPerformance of Credit Risk Management in Indian Commercial Banks
For banks and financial institutions, credit risk had been an essential factor that needed to be managed well. Credit risk was the possibility that a borrower of counter party would fail to meet its obligations in accordance with agreed terms. Credit risk; therefore arise from the bank’s dealings with or lending to corporate, individuals, and other banks or financial institutions. Credit risk...
متن کاملBank Lending Behaviour over the Business Cycle in Iran
This paper studies bank loans over the business cycles in Iran to determine the role of Iranian banks in stabilizing credit. By estimating the long-run relations using dynamic OLS and fully modified OLS estimators, the findings show that real bank lending is positively related to real GDP in the long-run providing evidences of the pro-cyclicality of bank lending in Iran. Hence, Iranian banking ...
متن کاملDo Foreign Banks in Emerging Markets Mitigate Credit Supply Shocks? by Philipp Schnabl :: NEUDC 2007 Papers :: Northeast Universities Development Consortium Conference :: Center for International Development at Harvard University (CID)
The Russian Default of 1998 provides a natural experiment to test how global nancial linkages transmit negative credit supply shocks to emerging markets. Using bank-level data from Peru, I show that the shock a¤ects bank lending by both foreign and domestic banks because all banks re nance their lending abroad. Using microdata on all corporate loans, I show that foreign banks reduce lending le...
متن کامل