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Author :
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.:/5 (246 download)
Download or read book Empirical Analysis of Credit Relationships in Small Firms Financing written by and published by . This book was released on 1998 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Judit Montoriol Garriga
Publisher :
ISBN 13 :
Total Pages : 160 pages
Book Rating : 4.:/5 (83 download)
Download or read book Relationship Lending and Small Business Finance: Empirical Analysis of Cost of Capital, Credit Rationing and Firm Performance written by Judit Montoriol Garriga and published by . This book was released on 2006 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Relationship Lending and Small Business Finance: Empirical Relationship Lending and Small Business Finance: Empirical Analysis of Cost of Capital, Credit Rationing, and Firm Performance written by and published by . This book was released on 2006 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Resum Aquesta tesis investiga les fonts de valor de la banca relacional per les empreses. Després dun primer capítol introductori, el Capítol 2 revisa les contribucions més rellevants en la literatura de la banca relacional. El Capítol 3 adreça la pregunta si la banca relacional és compatible amb la competència bancària, usant dades duna enquesta a petites empreses dEstats Units. El resultat principal és que les tecnologies de banca relacional poden ser usades en les mercats bancaris més competitius sempre i quan les empreses es comprometin a demanar prestat de un sol banc. El Capítol 4 proposa una estratègia empírica per tal de discriminar entre les prediccions teòriques oposades de tenir una relació banc-empresa exclusiva: estimar lefecte diferencial en el cost i la disponibilitat del crèdit segons el grau de competència bancària. El Capítol 5 estudia lefecte de la banca relacional en la rendibilitat de lempresa. Pels dos últims capítols sutilitzen dades de panel de 70,000 petites i mitjanes empreses espanyoles (1993-2004). Els resultats són consistents amb la visió que els bancs sapropien majoritàriament del valor generat en les relacions properes amb les empreses sempre i quan no senfrontin a la competència daltres prestadors. Abstract This thesis investigates the sources of the value of lending relationships to the borrowing firm. After a first introductory chapter, Chapter 2 reviews the most relevant contributions to the relationship lending literature. Chapter 3 addresses the question of whether relationship lending is compatible with banking competition, using a survey of small firms in the United States. The main result is that relationship lending technologies are used in the most competitive banking markets as long as firms commit to borrowing from a single lender. Chapter 4 proposes an empirical strategy to disentangle the opposite theoretical predictions of exclusive bank-firm relationships: estimate the differential effect on cost and availability of c.
Author : Rassoul Yazdipour
Publisher : Springer Science & Business Media
ISBN 13 : 9401134626
Total Pages : 189 pages
Book Rating : 4.4/5 (11 download)
Download or read book Advances in Small Business Finance written by Rassoul Yazdipour and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small business research is becoming more sophisticated as an increasing number of scholars study more complex analytical issues. In many cases research pertaining to the small firm is part of the incomplete and inefficient markets controversy in the finance literature. Because of their size and traditional organizational form, small firms often find it extremely difficult to attract significant resources in sophisticated financial markets. These markets appear to be segmented and incomplete; whether or not the markets are efficient is subject to much debate. Adyances in Small Business Finance presents a variety of research studies that indicate the unique roles of debt and equity and the sources of funds for small firms. This book contributes important insight into major questions that face small finns' financiers, managers, and owners on a daily basis. Many of the studies in this volume deal with aspects of valuation of the small firm. In some instances, the focus is on the firm's ability to attract debt or equity and in others the emphasis is on valuation of the small firm's capital. Constand, Osteryoung, and Nast focus on the determinants of capital structure for small firms that are privately owned and are highly dependent on commercial loans as their supply of debt. Timothy Bates examines firm viability and finds that surviving firms are those that began with greater initial capital, create new jobs, and are led by entrepreneurs who are better educated.
Author : Judit Montoriol Garriga
Publisher :
ISBN 13 : 9788469060117
Total Pages : pages
Book Rating : 4.0/5 (61 download)
Download or read book Relationship lending and small business finance written by Judit Montoriol Garriga and published by . This book was released on 2007 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Margaret Jane Miller
Publisher :
ISBN 13 :
Total Pages : 358 pages
Book Rating : 4.:/5 (33 download)
Download or read book The Role of Social Relationships in Financial Intermediation Empirical Evidence from the United States Small-business Credit Market written by Margaret Jane Miller and published by . This book was released on 1995 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Giusy Chesini
Publisher : Springer
ISBN 13 : 3319548913
Total Pages : 166 pages
Book Rating : 4.3/5 (195 download)
Download or read book Financial Markets, SME Financing and Emerging Economies written by Giusy Chesini and published by Springer. This book was released on 2017-10-11 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book investigates small and medium sized enterprises (SMEs) access to credit, the earning quality, and the cost of debt in the European Union. It also examines two important risk measures in financial markets: the volatility index (VIX) and Credit Default Swaps (CDS). Finally, it deep dives inside one of the most important emerging markets, China, to assess monetary policy and the relationship between financial institutions and real estate firms. This work will appeal to both academics and practitioners in the areas of SME financing, financial markets and emerging economies.
Author : Leora Klapper
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4./5 ( download)
Download or read book The Role of Factoring for Financing Small and Medium Enterprises written by Leora Klapper and published by World Bank Publications. This book was released on with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Around the world, factoring is a growing source of external financing for corporations and small and medium-size enterprises (SMEs). What is unique about factoring is that the credit provided by a lender is explicitly linked to the value of a supplier ' s accounts receivable and not the supplier ' s overall creditworthiness. Therefore, factoring allows high-risk suppliers to transfer their credit risk to their high-quality buyers. Factoring may be particularly useful in countries with weak judicial enforcement and imperfect records of upholding seniority claims because receivables are sold, rather than collateralized, and factored receivables are not part of the estate of a bankrupt SME. Empirical tests find that factoring is larger in countries with greater economic development and growth and developed credit information bureaus. In addition, the author finds that creditor rights are not related to factoring ... " -- Cover verso.
Author : R. Werner
Publisher : Springer
ISBN 13 : 0230506070
Total Pages : 434 pages
Book Rating : 4.2/5 (35 download)
Download or read book New Paradigm in Macroeconomics written by R. Werner and published by Springer. This book was released on 2005-03-21 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: Modern mainstream economics is attracting an increasing number of critics of its high degree of abstraction and lack of relevance to economic reality. Economists are calling for a better reflection of the reality of imperfect information, the role of banks and credit markets, the mechanisms of economic growth, the role of institutions and the possibility that markets may not clear. While it is one thing to find flaws in current mainstream economics, it is another to offer an alternative paradigm which, can explain as much as the old, but can also account for the many 'anomalies'. That is what this book attempts. Since one of the biggest empirical challenges to the 'old' paradigm has been raised by the second largest economy in the world - Japan - this book puts the proposed 'new paradigm' to the severe test of the Japanese macroeconomic reality.
Author : Allen N. Berger
Publisher : World Bank Publications
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4./5 ( download)
Download or read book A More Complete Conceptual Framework for Financing of Small and Medium Enterprises written by Allen N. Berger and published by World Bank Publications. This book was released on 2005 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors propose a more complete conceptual framework for analysis of credit availability for small and medium enterprises (SMEs). In this framework, lending technologies are the key conduit through which government policies and national financial structures affect credit availability. They emphasize a causal chain from policy to financial structures which affect the feasibility and profitability of different lending technologies. These technologies, in turn, have important effects on SME credit availability. Financial structures include the presence of different financial institution types and the conditions under which they operate. Lending technologies include several transactions technologies, plus relationship lending. The authors argue that the framework implicit in most of the literature is oversimplified, neglects key elements of the chain, and often yields misleading conclusions. A common oversimplification is the treatment of transactions technologies as a homogeneous group, unsuitable for serving informationally opaque SMEs, and a frequent misleading conclusion is that large institutions are disadvantaged in lending to opaque SMEs.
Author : Egidio Palmieri
Publisher : Springer Nature
ISBN 13 : 3031502655
Total Pages : 209 pages
Book Rating : 4.0/5 (315 download)
Download or read book Adapting to Change written by Egidio Palmieri and published by Springer Nature. This book was released on 2024-01-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the evolving dynamics between banks and firms within the context of alternative finance and Environmental, Social, and Governance (ESG) integration. The book contributes to understanding the bank-firm relationship in light of the changing financial landscape and its implications for sustainable development. The book employs an empirical analysis to examine the bank-firm relationship in the context of alternative finance and ESG performance to assess firms’ riskiness, access to funds and cost of capital. The book addresses research gaps by comprehensively analysing the impact of alternative finance and ESG on the bank-firm relationship. It assists banks in adapting their financing practices and policies to align with emerging trends, and it offers insights for banks to evaluate and mitigate ESG-related risks effectively. It provides policy implications for promoting responsible lending, supporting the growth of alternative finance, and incentivising ESG integration in the financial sector. Ultimately, it contributes to formulating policies that foster a sustainable and inclusive financial system, and will be of interest to professionals and researchers in finance, alternative finance, and sustainable finance.
Author : Margaret J. Miller
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (23 download)
Download or read book The Role of Social Relationships in Financial Intermediation written by Margaret J. Miller and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Nufazil Altaf
Publisher : Springer Nature
ISBN 13 : 9813342765
Total Pages : 117 pages
Book Rating : 4.8/5 (133 download)
Download or read book Capital Structure Dynamics in Indian MSMEs written by Nufazil Altaf and published by Springer Nature. This book was released on 2020-12-10 with total page 117 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the capital structure dynamics in Indian MSMEs, offering empirical evidence to better understand the financial practices within entrepreneurial settings. Altaf and Shah in this book assess the financing pattern of Indian MSMEs, response of capital structure determinants to different macroeconomic states, links between working capital and capital structure, cash flow volatility and capital structure and also the impact of credit risk on capital structure and firm performance relationship. This book enthuses the audience looking to understand newer dynamics of capital structure and its interplay in the Indian MSMEs.
Author : Jean-Christophe Statnik
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (129 download)
Download or read book Credit Rationing, Customer Relationship and the Number of Banks written by Jean-Christophe Statnik and published by . This book was released on 2005 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent important transformations of the banking sector, especially through numerous mergers and acquisitions, both in Europe and in the USA, have raised serious concerns for the financing of small business firms (SBF). Indeed, SBF are known to be heavily dependent of this financing channel but to be rather opaque. It has been long thought that bank classically solved this problem by developing long term customer relationship with its customers. But will the new large banks born from the current restructuration process be able to continue to play this role? If not, what strategy should develop SBF to compose their banks' pool in order to avoid as much as possible credit rationing? These questions are at the hearth of our analysis. We show that there is no unique rule: all depends on the degree of SBF opacity and the kind of bank the SBF are working with.
Author : Victor U. Ekpu
Publisher : Springer
ISBN 13 : 3319258370
Total Pages : 99 pages
Book Rating : 4.3/5 (192 download)
Download or read book Determinants of Bank Involvement with SMEs written by Victor U. Ekpu and published by Springer. This book was released on 2015-12-23 with total page 99 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a comprehensive, yet concise text that brings together all aspects of SME banking theories and empirical studies in one text. The book contains the latest policy debates on money creation and credit rationing and the relative role of demand-side and supply-side factors affecting SME financing. Readers will understand the borrower-specific, lender-specific and business environment drivers of bank finance for SMEs as well as the determinants of loan contract terms, particularly the risk premium and collateral. Readers will also understand how loan officers acquire proprietary information on SMEs and apply various lending techniques, such as financial statement lending, relationship lending and credit scoring to the loan underwriting process. In addition, the book also features recent trends on the rise of alternative finance intermediaries such as online peer-to-peer lenders and the competitive implications for traditional banks providing loans to SMEs. Findings from this work will thus be of particular interest to commercial bankers, bank-dependent small business borrowers as well as policy makers, and researchers in central banks, development banks, development agencies and international financial institutions.
Author : Gabriel Jiménez
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.3/5 ( download)
Download or read book Empirical Analysis of Corporate Credit Lines written by Gabriel Jiménez and published by . This book was released on 2008 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since bank credit lines are a major source of corporate funding, we examine the determinants of credit line usage with a comprehensive database of Spanish corporate credit lines. A line's default status is a key factor driving its usage, which increases as a firm's financial condition worsens. Line usage decreases by roughly 10% for each year of its life. Lender characteristics, such as the number and length of a firm's banking relationships, are found to affect a firm's usage decisions, and credit line usage is found to be inversely related to macroeconomic conditions [Resumen de autor]
Author : Linjun Liu
Publisher :
ISBN 13 :
Total Pages : 76 pages
Book Rating : 4.:/5 (34 download)
Download or read book An Empirical Analysis of Small Business Financing Characteristics and Experiences written by Linjun Liu and published by . This book was released on 1995 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt:
