Oxford Index Browse

You are looking at 1-18 of 18 items for:

Banking x Investment Banking x clear all

Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades

Manuel Adelino and Miguel A. Ferreira.

in The Review of Financial Studies

July 2016; p ublished online January 2016 .

Journal Article. Subjects: Monetary Policy, Central Banking, and the Supply of Money and Credit; Banking; Investment Banking; Financial Regulation; National Budget, Deficit, and Debt. 16940 words.

We study the causal effect of bank credit rating downgrades on the supply of bank lending. The identification strategy exploits the asymmetric impact of sovereign downgrades on the ratings...

Banking and Trading

Arnoud W. A. Boot and Lev Ratnovski.

in Review of Finance

October 2016; p ublished online January 2016 .

Journal Article. Subjects: Banking; Investment Banking; Financial Regulation; Corporate Governance. 12376 words.

We study the interaction between relationship banking and short-term arm’s length activities of banks, called trading. We show that a bank can use the franchise value of its relationships...

Building Relationships Early: Banks in Venture Capital

Thomas Hellmann, Laura Lindsey and Manju Puri.

in The Review of Financial Studies

April 2008; p ublished online December 2007 .

Journal Article. Subjects: Banking; Investment Banking; Corporate Governance. 14734 words.

This paper examines bank behavior in venture capital. It considers the relation between a bank's venture capital investments and its subsequent lending, which can be thought of as...

The Capital Structure Decisions of New Firms

Alicia M. Robb and David T. Robinson.

in The Review of Financial Studies

January 2014; p ublished online July 2012 .

Journal Article. Subjects: Banking; Investment Banking; Corporate Governance. 11990 words.

We study capital structure choices that entrepreneurs make in their firms' initial year of operation, using restricted-access data from the Kauffman Firm Survey. Firms in our data rely...

Combining Banking with Private Equity Investing

Lily Fang, Victoria Ivashina and Josh Lerner.

in The Review of Financial Studies

September 2013; p ublished online June 2013 .

Journal Article. Subjects: Banking; Investment Banking. 16152 words.

Bank-affiliated private equity groups account for 30% of all private equity investments. Their market share is highest during peaks of the private equity market, when the parent banks...

Does the Market Understand Rating Shopping? Predicting MBS Losses with Initial Yields

Jie (Jack) He, Jun (Q. J.) Qian and Philip E. Strahan.

in The Review of Financial Studies

February 2016; p ublished online November 2015 .

Journal Article. Subjects: Banking; Investment Banking; Financial Regulation; Economics; Market Structure, Firm Strategy, and Market Performance. 13672 words.

We study rating shopping on the MBS market. Outside of AAA, losses are higher on single-rated tranches than on multi-rated ones, and yields predict future losses for single-rated tranches,...

Entrepreneurial Finance and Innovation: An Introduction and Agenda for Future Research

Thomas J. Chemmanur and Paolo Fulghieri.

in The Review of Financial Studies

January 2014; p ublished online December 2013 .

Journal Article. Subjects: Investment Banking; Banking. 8652 words.

The increasingly large role played by financial intermediaries, such as venture capitalists and angels, in nurturing entrepreneurial firms and in promoting product market innovation has led...

Financial Firm Bankruptcy and Contagion

Jean Helwege and Gaiyan Zhang.

in Review of Finance

July 2016; p ublished online October 2015 .

Journal Article. Subjects: Banking; Investment Banking; Financial Regulation; Corporate Governance; Bankruptcy; Money and Interest Rates; Monetary Policy, Central Banking, and the Supply of Money and Credit; Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook. 18538 words.

The Lehman bankruptcy highlights the potential for interconnectedness to cause negative externalities through counterparty contagion, but the externalities may also arise from information...

Identifying the Valuation Effects and Agency Costs of Corporate Diversification: Evidence from the Geographic Diversification of U.S. Banks

Martin R. Goetz, Luc Laeven and Ross Levine.

in The Review of Financial Studies

July 2013; p ublished online April 2013 .

Journal Article. Subjects: Mergers and Acquisitions; Firm Objectives, Organization, and Behaviour; Banking; Investment Banking. 15949 words.

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two new identification...

Information, the Cost of Credit, and Operational Efficiency: An Empirical Study of Microfinance

Mark J. Garmaise and Gabriel Natividad.

in The Review of Financial Studies

June 2010; p ublished online April 2010 .

Journal Article. Subjects: Banking; Investment Banking; International Financial Markets; Economic Development; Information, Knowledge, and Uncertainy. 13354 words.

We provide direct evidence on the impact of asymmetric information on both financing and operating activities through a study of credit evaluations of microfinance institutions (MFIs). We...

Lending Relationships and Information Rents: Do Banks Exploit Their Information Advantages?

Carola Schenone.

in The Review of Financial Studies

March 2010; p ublished online October 2009 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Banking; Investment Banking; Corporate Governance. 21298 words.

In the process of lending to a firm, a bank acquires proprietary firm-specific information that is unavailable to nonlenders. This asymmetric evolution of information between lenders and...

Lending Relationships and Loan Contract Terms

Sreedhar T. Bharath, Sandeep Dahiya, Anthony Saunders and Anand Srinivasan.

in The Review of Financial Studies

April 2011; p ublished online October 2009 .

Journal Article. Subjects: Information, Knowledge, and Uncertainy; Corporate Governance; Financial Institutions and Services; Banking; Investment Banking; Market Structure, Firm Strategy, and Market Performance; History of Financial Markets and Institutions. 30361 words.

We find that repeated borrowing from the same lender translates into a 10–17 bps lowering of loan spreads and that relationships are especially valuable when borrower transparency is low....

Originator Performance, CMBS Structures, and the Risk of Commercial Mortgages

Sheridan Titman and Sergey Tsyplakov.

in The Review of Financial Studies

September 2010; p ublished online August 2010 .

Journal Article. Subjects: Financial Institutions and Services; Banking; Investment Banking. 16189 words.

This article examines information and incentive problems that can exist in the market for commercial mortgages that are pooled and repackaged as commercial mortgage-backed securities...

Pooling, tranching, and credit expansion

Spiros Bougheas.

in Oxford Economic Papers

April 2014; p ublished online August 2013 .

Journal Article. Subjects: Investment Banking; Banking. 8852 words.

Traditionally banks have used securitization for expanding credit and thus their profitability. It has been well documented that, at least before the 2008 crisis, many banks were keeping a...

Go to »  abstract

The Private Equity Advantage: Leveraged Buyout Firms and Relationship Banking

Victoria Ivashina and Anna Kovner.

in The Review of Financial Studies

July 2011; p ublished online April 2011 .

Journal Article. Subjects: Financial Institutions and Services; Banking; Investment Banking; Corporate Governance. 17643 words.

This article examines the impact of leveraged buyout firms' bank relationships on the terms of their syndicated loans. We examine a sample of 1,590 loans financing private equity sponsored...

Scaling the Hierarchy: How and Why Investment Banks Compete for Syndicate Co-management Appointments

Alexander Ljungqvist, Felicia Marston and William J. Wilhelm.

in The Review of Financial Studies

October 2009; p ublished online January 2009 .

Journal Article. Subjects: Banking; Investment Banking. 12830 words.

We show that relatively optimistic research and even the mere provision of research coverage for the issuer (regardless of its direction) attract co-management appointments for securities...

Structure and Determinants of Financial Covenants in Leveraged Buyouts

Ann-Kristin Achleitner, Reiner Braun, Bastian Hinterramskogler and Florian Tappeiner.

in Review of Finance

July 2012; p ublished online March 2011 .

Journal Article. Subjects: Mergers and Acquisitions; Investment Banking; Banking; Corporate Governance. 13414 words.

The authors use proprietary loan contracts and financial information negotiated between banks and private equity sponsors to explore the financial covenant structure and the determinants of...

Go to »  abstract

Why bank governance is different

Marco Becht, Patrick Bolton and Ailsa Röell.

in Oxford Review of Economic Policy

October 2011; p ublished online October 2011 .

Journal Article. Subjects: Mergers and Acquisitions; Financial Institutions and Services; Financial Regulation; Investment Banking; Banking; Corporate Governance. 10613 words.

This paper reviews the pattern of bank failures during the financial crisis and asks whether there was a link with corporate governance. It revisits the theory of bank governance and...