Credit risk, owner liability and bank loan maturities during the global financial crisis
Autor(a) principal: | |
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Data de Publicação: | 2020 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10071/18613 |
Resumo: | We relate credit risk and owners’ personal guarantees to bank loan maturities during the global financial crisis. The findings, which remain robust to reverse causality, show that firms rated as low risk, with a strong relationship with the bank, whose owners provided personal guarantees and with large loan sizes obtained longer maturities. Banks with larger nonperforming loans provided loans with shorter maturities. Firms with low and high risk ratings that provided owners’ personal guarantees obtained longer maturities. These findings shed additional light on the relationship between risk and loan maturities and the role of personal guarantees in reducing information asymmetries. |
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Credit risk, owner liability and bank loan maturities during the global financial crisisSmall firm financingFinancial crisisGovernment policy and regulationBanksWe relate credit risk and owners’ personal guarantees to bank loan maturities during the global financial crisis. The findings, which remain robust to reverse causality, show that firms rated as low risk, with a strong relationship with the bank, whose owners provided personal guarantees and with large loan sizes obtained longer maturities. Banks with larger nonperforming loans provided loans with shorter maturities. Firms with low and high risk ratings that provided owners’ personal guarantees obtained longer maturities. These findings shed additional light on the relationship between risk and loan maturities and the role of personal guarantees in reducing information asymmetries.Wiley-Blackwell2021-09-03T00:00:00Z2020-01-01T00:00:00Z20202020-05-08T15:22:36Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/18613eng1354-779810.1111/eufm.12239Duarte, F. D.Gama, A. P. M.Gulamhussen, M. A.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-07-07T03:16:43Zoai:repositorio.iscte-iul.pt:10071/18613Portal AgregadorONGhttps://www.rcaap.pt/oai/openairemluisa.alvim@gmail.comopendoar:71602024-07-07T03:16:43Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Credit risk, owner liability and bank loan maturities during the global financial crisis |
title |
Credit risk, owner liability and bank loan maturities during the global financial crisis |
spellingShingle |
Credit risk, owner liability and bank loan maturities during the global financial crisis Duarte, F. D. Small firm financing Financial crisis Government policy and regulation Banks |
title_short |
Credit risk, owner liability and bank loan maturities during the global financial crisis |
title_full |
Credit risk, owner liability and bank loan maturities during the global financial crisis |
title_fullStr |
Credit risk, owner liability and bank loan maturities during the global financial crisis |
title_full_unstemmed |
Credit risk, owner liability and bank loan maturities during the global financial crisis |
title_sort |
Credit risk, owner liability and bank loan maturities during the global financial crisis |
author |
Duarte, F. D. |
author_facet |
Duarte, F. D. Gama, A. P. M. Gulamhussen, M. A. |
author_role |
author |
author2 |
Gama, A. P. M. Gulamhussen, M. A. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Duarte, F. D. Gama, A. P. M. Gulamhussen, M. A. |
dc.subject.por.fl_str_mv |
Small firm financing Financial crisis Government policy and regulation Banks |
topic |
Small firm financing Financial crisis Government policy and regulation Banks |
description |
We relate credit risk and owners’ personal guarantees to bank loan maturities during the global financial crisis. The findings, which remain robust to reverse causality, show that firms rated as low risk, with a strong relationship with the bank, whose owners provided personal guarantees and with large loan sizes obtained longer maturities. Banks with larger nonperforming loans provided loans with shorter maturities. Firms with low and high risk ratings that provided owners’ personal guarantees obtained longer maturities. These findings shed additional light on the relationship between risk and loan maturities and the role of personal guarantees in reducing information asymmetries. |
publishDate |
2020 |
dc.date.none.fl_str_mv |
2020-01-01T00:00:00Z 2020 2020-05-08T15:22:36Z 2021-09-03T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10071/18613 |
url |
http://hdl.handle.net/10071/18613 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1354-7798 10.1111/eufm.12239 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Wiley-Blackwell |
publisher.none.fl_str_mv |
Wiley-Blackwell |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
instname_str |
Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
repository.mail.fl_str_mv |
mluisa.alvim@gmail.com |
_version_ |
1817546431470239744 |