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Did high leverage render small businesses vulnerable to the COVID-19 shock?

Bräuning, Falk; Fillat Comenge, José Luis; Wang, J. … - 2022 - This version: July 2022

leverage faced tighter constraints in accessing bank credit after the COVID-19 outbreak in spring 2020. Specifically, SMEs with … Paycheck Protection Program (PPP), mitigated the adverse real effect stemming from bank credit constraints. …

Persistent link: https://www.econbiz.de/10013414903

Banking relationship and default priority in consumer credit : evidence from Thai microdata

Kanis Saengchote; Krislert Samphantharak - In: Emerging markets review 52 (2022), pp. 1-18

Persistent link: https://www.econbiz.de/10013419062

Bank competition and firm asset- debt maturity mismatch : evidence from the SMEs in China

Li, Bo; Cheng, Yue; Tian, Guangning - In: Research in international business and finance 69 (2024), pp. 1-19

Persistent link: https://www.econbiz.de/10015052453

How do zombie firms affect debt financing costs of others : from spillover effects views

Yu, Miao; Guo, Yuemei; Wang, Di; Gao, Xiaohan - In: Pacific-Basin finance journal 65 (2021), pp. 1-15

Persistent link: https://www.econbiz.de/10013209596

Performance-Sensitive Debt : From Asset-Based Loans to Startup Financing

Shadab, Houman B. - 2014

This Article develops a unique theory of performance-sensitive debt and argues that certain revenue-stage startups may … amount of available credit adjusting based on the value of collateral; and (3) renegotiation following breach of a loan … challenge, several distinct bodies of research, including incomplete contracting theory and the literature on capital structure …

Persistent link: https://www.econbiz.de/10013057139

Credit line pricing under heterogeneous risk beliefs

Koussis, Nicos; Martzoukos, Spiros A. - In: International journal of production economics 243 (2022), pp. 1-18

Persistent link: https://www.econbiz.de/10013197645

Global corporate debt during crises : implications of switching borrowing across markets

Cortina, Juan J.; Didier, Tatiana; Schmukler, Sergio L. - In: Journal of international economics 131 (2021), pp. 1-17

Persistent link: https://www.econbiz.de/10013167886

The role of bank lenders in firm leverage adjustments

Gao, Wenlian; Zhu, Feifei; Chen, Kai - In: The journal of financial research : the journal of the … 46 (2023) 1, pp. 63-97

Persistent link: https://www.econbiz.de/10014302314

Hold-up and the use of performance-sensitive debt

Adam, Tim; Streitz, Daniel - 2014

We examine whether performance-sensitive debt (PSD) is used to reduce hold-up problems in long-term lending relationships. We find that the use of PSD is more common in the presence of a long-term lending relationship and if the borrower has fewer financing alternatives available. In syndicated...

Persistent link: https://www.econbiz.de/10010403671

Banks' Market Power, Access to Finance, and Leverage

Bustamante, Maria Cecilia; D'Acunto, Francesco - 2021

firms, we document that in more concentrated local lending markets: (i) new firms are less likely to access credit; (ii) new … develop a contingent-claims model with monopolistically competitive banks that rationalizes these facts and shows how credit …

Persistent link: https://www.econbiz.de/10013219271