This paper explores the impact of biodiversity risk on banks' credit risk using a news-based biodiversity index and CDS … biodiversity news on CDS spread changes. These results show that banks are subject to biodiversity-related credit risks, where …

compensate for potential losses, and the amount of credit granted in the market may decrease, leading to credit rationing. Such … topic extremely important. This study, by using an empirical VAR analysis, has strived to determine whether credit rationing … by banks operating in the Polish banking sector is driven by risky loans (which are the main determinant of credit …

Firms differ in the extent to which they get access to formal and informal credit sources in developing economies. In … developing economies, banks ration credit due to higher perceived borrower risk, information asymmetry, lack of collateral, and … market inefficiencies. Due to financial constraints in formal credit markets, firms often seek alternative funding from …

We use a comprehensive Swedish credit register to document that firms across the size distribution have access to … substantial borrowing capacity via credit lines. However, most firms choose not to use all available credit, even though interest … rates are low compared to their return on equity. The low utilization of credit is consistent with a theoretical model in …