Home eBooks Download › three essays in corporate finance and banking

Three Essays In Corporate Finance And Banking

Download Three Essays In Corporate Finance And Banking PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Three Essays In Corporate Finance And Banking book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page

Three Essays In Corporate Finance And Banking

DOWNLOAD
Author : Murillo Netto Carneiro Campello
language : en
Publisher:
Release Date : 2000

Three Essays In Corporate Finance And Banking written by Murillo Netto Carneiro Campello and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.

Three Essays In International Corporate Finance And Banking

DOWNLOAD
Author : Gergana L. Kostova
language : en
Publisher:
Release Date : 2014

Three Essays In International Corporate Finance And Banking written by Gergana L. Kostova and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.

Three Essays Son Banking And Corporate Finance

DOWNLOAD
Author : Fang Zhao
language : en
Publisher:
Release Date : 2006

Three Essays Son Banking And Corporate Finance written by Fang Zhao and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Banks and banking categories.

Three Essays Son Banking And Corporate Finance

DOWNLOAD
Author : Fang Zhao
language : en
Publisher:
Release Date : 2006

Three Essays In Banking

DOWNLOAD
Author : Tuyet Nhung Vu
language : en
Publisher:
Release Date : 2020

Three Essays In Banking written by Tuyet Nhung Vu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.

Three Essays On Corporate Finance

DOWNLOAD
Author : Haiwei Jing
language : en
Publisher:
Release Date : 2015

Three Essays On Corporate Finance written by Haiwei Jing and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.

Chapter 1 hypothesizes that some banks specialize in providing monitoring capital, which includes monitoring services in addition to financial capital, and that such specialization leads them to focus their lending on financially weak firms. I test this hypothesis by constructing a variety of novel measures of banks' monitoring skills and find that financially weak firms are more likely to match with banks that have high monitoring skills and that shocks to firms' financial strength cause them to switch to banks that are a better fit to their new monitoring needs. Chapter 2 investigates how the switching cost, as a result of informational frictions, affects firms' migration behavior. I propose a novel mechanism whereby banks can coordinate with other institutions with which they conduct business; when a relationship bank determines that its firm matching is inefficient, under some conditions, it can transfer the firm to the bank's partner. Using the loan spread residual as a proxy for unobservable credit shocks, I find consistent evidence that a firm with a larger magnitude residual has a higher likelihood of going to a bank that is not a relationship bank but rather a syndicate partner of its relationship bank; and when the spread residual is positively large, the bank partner to which the firm switches tends to put a high stake in the syndicate, which is consistent with its monitoring role for a distressed firm. Chapter 3 proposes that alliances are a channel for merger propagation when partnering firms have complementary resources. I confirm the mechanism's main prediction using US data on corporate alliances and merger activity: The likelihood that a firm will be involved in mergers and acquisition (M\&A) increases significantly if its partners have also engaged in M\&A during the previous two years. My empirical result is not explained by industry-wide M\&A activity or company characteristics. I present three additional empirical results: (i) The propagation effect is stronger when I include proxies for the strength of post-partner-merger resource reallocation, which is consistent with the mechanism, (ii) merger propagation effects are not merely localized but rather diffuse through the alliance network, and (iii) partner mergers also lead to a higher likelihood of entering new alliances.