We estimate empirically the impact of the insolvency and bankruptcy code (IBC) on corporate leverage in India. The analysis builds on the Prowess database. For the estimations we use the difference in differences approach, where listed firms are used as the control group. We find that the IBC...

We examine the effect of regional favoritism on firms’ access to credit. Using firm-level data on a large sample of 29,000 firms covering 48 countries, we investigate the hypothesis that access to credit of firms is higher in the birth regions of national political leaders. We find evidence...

We introduce shocks to the availability of US dollar funding for non-US financial intermediaries in a two-country New Keynesian model with financial frictions. Such dollar shortages lead to uncovered interest rate parity deviations and have a significant negative effects on the macroeconomy....

We estimate empirically the debt limits and debt capacity of listed manufacturing firms in Nigeria over the period 2005-2019. The analysis contributes to our understanding of the financial constraints of the firms, and their scope to absorb shocks and finance growth using the debt market. The...

We investigate whether the occurrence of elections affect access to credit for firms. We perform an investigation using firm-level data covering 44 developed and developing countries. We find that elections have a detrimental influence on access to credit: firms are more credit-constrained in...

How important is a relationship with a bank to a firm’s performance and survival? If firms can easily switch among different sources of credit supply, then the loss of any one source may have little implication for the firms that have borrowed from that source. However, to the extent that...

As the European economy has returned to growth, and the loan market enters a new phase, syndicated loans are coming back as a force. Euromoney Seminars 13th Annual Syndicated Loans Conference will be the best opportunity to stay ahead of the competition in a challenging but promising market.

Key Issues to be discussed at this year’s event will include: - Has there been a permanent shift away from bank loans? - Is the high yield bond market capable of dealing with the block of refinancing? - Assessing the increase in crossover bonds - What features of high yield bonds attract...

Analysing the key issues for insurer and reinsurer capital adequacy, risk management and compliance, The Insurance Risk & Capital Management Conference Europe is the must attend event for CFOs, treasurers, CROs and compliance officers needing to keep abreast of the changes in regulatory affairs....

Join regulators, risk and capital managers, bankers and institutional investors in London this November for Preparing for Basel III - the first of Euromoney Seminars’ events on Basel III, where they will discuss how capital can be raised in a way that suits all parties and the methods by which...