Loading...
Please wait, while we are loading the content...
Similar Documents
Are Bank Loans Still 'Special' (Especially During a Crisis)? Empirical Evidence from a European Country
| Content Provider | Semantic Scholar |
|---|---|
| Author | Godlewski, Christophe J. |
| Copyright Year | 2012 |
| Abstract | We investigate bank loans’ specialness with a particular focus on the recent boom and bust cycle. We perform an empirical analysis using event study methodology on a sample of 253 large loan announcements for French borrowers between January 2000 and December 2009. We find a significant and negative reaction to bank loan announcements which is mostly driven by loan provided during the crisis period. We also document significant changes in bank behavior over the boom and bust cycle, with important contractual and organizational modifications reflecting a potential “wake-up call” of banks during the crisis. |
| File Format | PDF HTM / HTML |
| DOI | 10.2139/ssrn.2083635 |
| Alternate Webpage(s) | http://ifs.u-strasbg.fr/large/publications/2012/2012-03.pdf |
| Alternate Webpage(s) | https://doi.org/10.2139/ssrn.2083635 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
