Bank Balance Sheets and the Value of Lending /

We study 1,400 UK syndicated loans, together with the financial history of the lead bank and the borrowing firm. We interpret abnormal equity returns around loan announcements as the value of the lending relationship to the firm. We find that: (i) Consistent with previous evidence, the value of lend...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Chen, Jiaqian (Autor), Vera, Giuseppe (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2017]
Colección:IMF working paper ; WP/17/111.
Temas:
Loans.
Financial statements.
Prêts.
BUSINESS & ECONOMICS > Finance.
Financial statements
Loans
Event Studies.
Other Depository Institutions.
Financial Markets And The Macroeconomy.
All Countries.
United Kingdom.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Contents; I: Introduction; II: Literature Review; III: Loan Announcements and Bank Balance Sheets; IV: Borrower Performance; V: Discussion and Conclusions; Appendix; A Data Description; B Model; List of Tables; 1 The Effect of Loan Announcements on Borrower Equity Returns; 2 The Effect of Lender Characteristics on Borrower Equity Returns (1); 3 The Effect of Lender Characteristics on Borrower Equity Returns (2); 4 The Effect of Lender Characteristics on Borrower Equity Returns (3); 5 The Loan Announcement Effect and Borrower Performance; A1 Summary Statistics for Syndicated Loan Deals.
  • List of FiguresB1 Bank Lending, Profit, and Monitoring Intensity
  • Baseline; B2 Bank Lending, Profit, and Monitoring Intensity
  • Sensitivity Analysis.

Ejemplares similares