Zobrazeno 1 - 10
of 26
pro vyhledávání: '"Daniel Streitz"'
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::f82614234f552859544fe902cd41d1c4
https://doi.org/10.2139/ssrn.4368113
https://doi.org/10.2139/ssrn.4368113
Publikováno v:
Journal of Financial Economics. 142:1109-1127
Despite their importance, the discussion of spillover effects in empirical research often misses the rigor dedicated to endogeneity concerns. We analyze a broad set of workhorse models of firm interactions and show that spillovers naturally arise in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6655a90eca81eaadf0dd13aa66665202
https://doi.org/10.1016/j.jfineco.2021.04.039
https://doi.org/10.1016/j.jfineco.2021.04.039
Publikováno v:
The Review of Corporate Finance Studies.
How do firms invest when financial constraints are relaxed? We document that firms affected by a large positive credit supply shock predominantly increase borrowing for transaction-based purposes. These treated firms have larger asset and employment
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::395ac279992e76817542ce2d740d365f
https://doi.org/10.1093/rcfs/cfac034
https://doi.org/10.1093/rcfs/cfac034
Autor:
Daniel Streitz, Farzad Saidi
Publikováno v:
The Review of Financial Studies. 34:4999-5035
This paper documents a link between bank concentration and markups in nonfinancial sectors. We exploit concentration-increasing bank mergers and variation in banks’ market shares across industries and show that higher credit concentration is associ
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::9b6a7bbafbb77a5a4bf15619eb6b9522
https://doi.org/10.1093/rfs/hhab005
https://doi.org/10.1093/rfs/hhab005
Publikováno v:
Management Science. 66(1):352-375
We examine whether managerial overconfidence impacts the use of performance-pricing provisions in loan contracts (performance-sensitive debt [PSD]). Managers with biased views may issue PSD because they consider this form of debt to be mispriced. Our
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::3945479e3b1988227607446ea87ceee9
https://doi.org/10.1287/mnsc.2018.3165
https://doi.org/10.1287/mnsc.2018.3165
Autor:
Björn Imbierowicz, Daniel Streitz
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::0732c39d29b5d633e5f86ba507589fd2
https://doi.org/10.2139/ssrn.4051697
https://doi.org/10.2139/ssrn.4051697
Publikováno v:
Journal of Financial Economics. 133:357-378
We study the transmission channels from central banks’ quantitative easing programs via the banking sector when central banks start purchasing corporate bonds. We find evidence consistent with a “capital structure channel” of monetary policy. T
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::cefdd31331f276cb24e9e091be7a43be
https://doi.org/10.1016/j.jfineco.2019.03.006
https://doi.org/10.1016/j.jfineco.2019.03.006
Publikováno v:
SSRN Electronic Journal.
We use secondary corporate loan market prices to construct a novel loan market-based credit spread. This measure has additional predictive power across macroeconomic outcomes beyond existing bond credit spreads as well as other commonly used predicto
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::b401033ca8cf6d01c16c5effcffb01b8
https://doi.org/10.2139/ssrn.3717358
https://doi.org/10.2139/ssrn.3717358
Publikováno v:
SSRN Electronic Journal.
Despite their importance, the discussion of spillover effects in empirical research often misses the rigor dedicated to endogeneity concerns. We analyze a broad set of workhorse models of firm interactions and show that spillovers naturally arise in
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d4108a5c2cce28303201e698bce78099
https://doi.org/10.2139/ssrn.3377457
https://doi.org/10.2139/ssrn.3377457
Publikováno v:
SSRN Electronic Journal.
This paper provides empirical evidence suggesting that misallocation of capital distorts competition and impedes innovation and productivity. Using a sample of Spanish firms over the 2010 to 2016 period, we document that industries with more severe m
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::97f23241fcd1a068f498bcb9f86cfcf4
https://doi.org/10.2139/ssrn.3489801
https://doi.org/10.2139/ssrn.3489801