Credit risk, owner liability and bank loan maturities during the global financial crisis

Detalhes bibliográficos
Autor(a) principal: Duarte, F. D.
Data de Publicação: 2020
Outros Autores: Gama, A. P. M., Gulamhussen, M. A.
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.
id RCAP_f9d232091e24f756540d2651426c775a
oai_identifier_str oai:repositorio.iscte-iul.pt:10071/18613
network_acronym_str RCAP
network_name_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository_id_str 7160
spelling 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