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Applications or approvals: What drives racial disparities in the Paycheck Protection Program?

Chernenko, Sergey; Kaplan, Nathan; Sarkar, Asani; … - 2023

We use the 2020 Small Business Credit Survey to study the sources of racial disparities in use of the Paycheck Protection Program (PPP). Black-owned firms are 8.9 percentage points less likely than observably similar white-owned firms to receive PPP loans. About 55 percent of this take-up...

Persistent link: https://www.econbiz.de/10014480565

Do SBA Loans Create Jobs?

Brown, J. David; Earle, John S. - 2013

Small Business Administration (SBA) loans have long been one of the most significant policy interventions in the U.S. affecting firm behavior, but little is known about their outcomes. This paper estimates the effects on employment using a list of all SBA loans linked to annual data on all U.S....

Persistent link: https://www.econbiz.de/10010319511

Lobbying on Entry

Perotti, Enrico; Volpin, Paolo - 2004

We develop a model of endogenous lobby formation in which wealth inequalityand political accountability undermine entry and financial development. In-cumbents seek a low level of effective investor protection to prevent potentialentrants from raising capital. They succeed because they can...

Persistent link: https://www.econbiz.de/10010325212

Better means more: property rights and high-growth aspiration entrepreneurship

Estrin, Saul; Korosteleva, Julia; Mickiewicz, Tomasz - 2009

This paper contrasts the determinants of entrepreneurial entry and high-growth aspiration entrepreneurship. Using the … Global Entrepreneurship Monitor (GEM) surveys for 42 countries over the period 1998-2005, we analyse how institutional … environment and entrepreneurial characteristics affect individual decisions to become entrepreneurs and aspirations to set up high …

Persistent link: https://www.econbiz.de/10010271286

Deficiency judgments as a mortgage pricing factor

Pruszkowski, Tomasz - In: International Journal of Management and Economics 53 (2017) 2, pp. 57-68

The subject of the deficiency judgments has been poorly examined due to a lack of relevant data and the complexity of the issue. Some comprehensive studies have explored whether allowing deficiency judgments decreases the likelihood of strategic defaults in the U. S. mortgage market. Little,...

Persistent link: https://www.econbiz.de/10015192047

Spillover effects of foreign currency loans: The role of the bank lending channel

Filep-Mosberger, Palma; Kaszab, Lorant; Ren, Zhou - 2024

Local currency borrowers are statistically significantly affected by exchange rate fluctuations due to the bank lending channel. Using microdata on borrowers from Hungary, this study examines the spillover effects of foreign currency loans on local currency borrowers following an unexpected...

Persistent link: https://www.econbiz.de/10015195453

The impact of ECB banking supervision on climate risk and sustainable finance

Schreiner, Lena; Beyer, Andreas - 2024

This paper provides a first empirical analysis of the impact of the European Central Bank's (ECB's) climate-risk-related supervisory efforts on (i) climate risk exposure and related risk management of banks; and (ii) on the induced shifts in banks' portfolio choices with regard to additional...

Persistent link: https://www.econbiz.de/10015199445

Bail-in in action

Marqués Ibáñez, David; Santilli, Gianluca; … - 2024

In the aftermath of the European sovereign debt crisis, the question of who should bear the burden of banking crises has been a cornerstone of the new supervisory framework in Europe. We evaluate the bail-in regulation (BRRD) for bank bond holdings using a proprietary database covering holdings...

Persistent link: https://www.econbiz.de/10015199463

The evolution of the supervisory reporting framework for the EU banking sector

Poloni, Paolo - 2024

Supervisory data are typically not conceived for statistical purposes or considered "official statistics", but they are disclosed to the public, either directly by the supervised institutions or indirectly by the competent authorities. This disclosure is required under Pillar 3 of the Basel...

Persistent link: https://www.econbiz.de/10015199470

Capital requirements in Pillar 1 or Pillar 2: Does it matter for market discipline?

Witte, Niklas - 2024

The results of this paper provide empirical evidence that regulatory capital ratios drive bank Credit Default Swaps (CDS) and that markets react more to changes in capital requirements if implemented via direct adjustments to Pillar 1 risk weights than imposed as a percentage of Risk-Weighted...

Persistent link: https://www.econbiz.de/10015199475