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When the debt of firms in distress is dispersed, a restructuring agreement is difficult to reach because of free riding. We develop a repeated game in which banks come across each other frequently, allowing them to threaten a punishment in case of free riding. As the number of lending banks...
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Using the data of listed companies and the DID method, this paper reveals three ways in which green credit policy (GCP …) affects corporate debt financing, By controlling credit input, GCP can effectively restrain corporate debt financing in the … "two-high" industries, However, the policy also leads to the environmental performance effect and bank credit …
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" approach to study how lender composition and willingness to provide credit affect the relationship between credit expansions … and real activity. A key advantage of jointly modeling the demand for and supply of credit is the ability to evaluate … equilibrium elasticities of credit quantities with respect to variables of interest. We document that the sectoral composition of …
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