Article history: Received 5 April 2007 Received in revised form 3 March 2008 Accepted 17 April 2008 Available online 25 April 2008 There has been a considerable expansion of the volume of syndicated loans in emerging markets in the recent years. We provide the first analysis of the determinants of the decision of banks to syndicate a loan on a sample of loan facilities from 50 emerging countrie...

This study investigates the factors that affect farmers’ access to Food Security and Agricultural Credit (FSAC) services for farmers of Pakistan who have no banking but a feasible farm business. Using multiple regressions logistic analysis, authors revealed determinants financial literacy analyzed variables which affected accessibility FSAC. Results indicated average respondents was at moderate...

Mobile banking is getting a lot of attention as a result of the fact that the majority of the world population has some kind of mobile device and the rate of acceptance of mobile banking is increasing. To stay ahead of competition banks should take this opportunity to re-engineer the traditional time consuming process of loan negotiation and introduce mobile loan negotiation. In this work we pr...

This paper studies companies that have a controlling shareholder. In particular, it examines the relationship between firm performance and its controlling shareholder’s personal loan. We present a model to identify two effects of a personal loan that is secured by stocks. The loan can be beneficial ex ante, because it relaxes the wealth constraint of controlling shareholders and allows firms to...

Abstract. We consider a controlled system of differential equations modeling a firm that takes a loan in order to expand its production activities. The objective is to determine the optimal loan repayment schedule using the variables of the business current profitability, the bank’s interest rate on the loan and the cost of reinvestment of capital. The portion of the annual profit which a firm ...

We examine the effect of house price appreciation on bank loan portfolios during the 1996—2006 period. While most previous research in this area has concentrated on loan demand effects, we evaluate how house prices affect a bank’s credit supply. Controlling for possible simultaneity between house prices and bank loan portfolio growth, we find that banks affected by greater house price appreciat...

This paper hypothesizes that the special role of banks as corporate quasi-insiders has been changing due to developments in informational, legal and institutional infrastructures of syndicated loan markets. We investigate the integration of intermediated and disintermediated financial markets through highly leveraged transaction (HLT) syndicated loans during the 1990s. We demonstrate that, with...

Utilizing the proprietary data of a company operating 10 pawnshops throughout Kentucky and Ohio, and exploiting the randomized variation of the Economic Stimulus Payments of 2008, this paper studies the effect of positive liquidity shocks on pawn loan utilization. We uncover a statistically significant 67% decrease in pawn loan utilization in the week following receipt of ESP checks. However, i...

This study focuses on the supplemented strategies of microfinance institutions (MFIs), in which the MFI offers nonfinancial services, such as entrepreneurship related knowledge, in addition to financial services to impoverished borrowers at the bottom of the pyramid (BoP). We examine two contextual factors–foreign direct investment (FDI) and loan defaults–to better understand the relationship b...