Monitoring, loan renegotiability, and firm value: the role of lending syndicates
Article Abstract:
The positive response to announcements of private financings in capital markets has been well noted. It is perceived to reflect the importance of the monitoring and screening services of banks and private lenders. The hypothesis that the ability to renegotiate private debt contracts cheaply complements monitoring is investigated. Evidence has been gathered to support the fact that contracting costs increase and the value given to the ability to renegotiate declines as the number of lenders increases.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1996
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The behavior of consumer loan rates during the 1990 credit slowdown
Article Abstract:
An examination was made of the relationship between bank capitalization and consumer loan rates from 1988-1992 to investigate the cause behind the 1990 credit slowdown. Results suggest that large, undercapitalized banks charged consumers a higher-than-average loan rate as against the rates charged by better-capitalized institutions. This resulted in a credit slowdown among large, undercapitalized banks, which is a banking trend that goes with a credit crunch.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 1996
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An analysis of IMF u induced moral hazard
Article Abstract:
The adverse effects of IMF rescue packages on international lending are discussed. Such packages can result in debtor-side moral hazard, creditor-side moral hazard or debtor and creditor-side moral hazard.
Publication Name: Journal of Banking & Finance
Subject: Business
ISSN: 0378-4266
Year: 2004
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- Abstracts: Photographs and accountability: cracking the codes of an NGO. EGL, Inc. (EAGL)
- Abstracts: Clothing, assessment and effects on thermophysiological responses of man working in humid heat. Effects of two kinds of clothing made from hydrophobic and hydrophilic fabrics on local sweating rates at an ambient temperature of 37 degrees centigrade
- Abstracts: Managerial ownership, accounting choices, and informativeness of earnings. Stock price informativeness of accounting numbers: evidence on earnings, book values and their components
- Abstracts: Moral reasoning and moral atmosphere in the domain of accounting. Ethics of teaching critical: feminisms on the wings of desire
- Abstracts: Reengineering: starting with a dirty sheet of paper. Reengineering Ryder to meet rising customer expectations