Zobrazeno 1 - 10
of 11
pro vyhledávání: '"Federica Salvadè"'
Publikováno v:
Management Science.
This paper studies whether credit ratings can alleviate the hold-up problem in the loan market. We exploit a refinement of the rating information produced by a certifier that rates private bank-dependent firms in France on a vast scale. The refinemen
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::12851c0433171f642fbc2918a3f859d7
https://doi.org/10.1287/mnsc.2023.4779
https://doi.org/10.1287/mnsc.2023.4779
Publikováno v:
Journal of Business Finance & Accounting. 49:1863-1896
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::09dd7e86c95b1fff7d905e1ba4d5b8a9
https://doi.org/10.1111/jbfa.12610
https://doi.org/10.1111/jbfa.12610
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fe1073f486934e10ff8f1cc3a9639d4b
https://doi.org/10.2139/ssrn.4083225
https://doi.org/10.2139/ssrn.4083225
Publikováno v:
SSRN Electronic Journal.
This paper explores banks' behaviour in the five years prior to a firm's financial distress. We construct a model of bank competition where new banks will often refinance loans that a firm's current banks do not want to renew. The model predicts that
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::1e4c204bdaf4bc3781cca3c804390c5a
https://doi.org/10.2139/ssrn.3936411
https://doi.org/10.2139/ssrn.3936411
Autor:
Philippe Raimbourg, Federica Salvadè
Publikováno v:
Finance Research Letters
Highlights • The effect of sovereign rating announcements on CDS volatility during a financial crisis has been overlooked by the literature. • The effect of a rating announcement on CDS spread and volatility differs depending on the credit qualit
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ee39e0bc8abf96d76002b22a0e42bc4d
https://pubmed.ncbi.nlm.nih.gov/32837372
https://pubmed.ncbi.nlm.nih.gov/32837372
Autor:
Mattia Girotti, Federica Salvadè
Publikováno v:
SSRN Electronic Journal.
This paper studies whether greater competition can mitigate agency problems within banks. We measure the intensity of the agency conflict within a bank by the volume of loans that the bank lends to its insiders (e.g., executives). We first check that
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::92321b5b49efa98fecd32153c95349a8
https://doi.org/10.2139/ssrn.3550108
https://doi.org/10.2139/ssrn.3550108
Autor:
Federica Salvadè
Publikováno v:
Review of Quantitative Finance and Accounting. 51:139-157
This paper examines the stock market reaction to two different types of credit rating withdrawals by Moody’s. The first type of withdrawal occurs when a firm stops being rated. This happens, for example, when firms choose to no longer pay for a rat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6d1702b13e95a9b7c3c591dcb8859d9e
https://doi.org/10.1007/s11156-017-0666-5
https://doi.org/10.1007/s11156-017-0666-5
Publikováno v:
SSRN Electronic Journal.
This paper studies whether credit ratings can alleviate the hold-up problem in the loan market. We exploit a refinement of the rating information produced by a certifier that rates private, bank-dependent firms in France on a vast scale. The refineme
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::608b086046db855c33fa6ac0ac528edc
https://doi.org/10.2139/ssrn.3072891
https://doi.org/10.2139/ssrn.3072891
Publikováno v:
SSRN Electronic Journal.
This paper examines the impact of government bailouts on bank CEOs’ careers. Exploiting the Troubled Asset Relief Program (TARP) of 2008, we find that CEOs of banks that received TARP funds temporarily remained in their positions in the years 2008-
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::6be0b266b7500ad607d07015b6343016
https://doi.org/10.2139/ssrn.3173545
https://doi.org/10.2139/ssrn.3173545
Publikováno v:
SSRN Electronic Journal.
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::cac5625e34e77932f79d4770b922b31f
https://doi.org/10.2139/ssrn.3190470
https://doi.org/10.2139/ssrn.3190470