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Browsing ECO Working Papers by Subject "G32"
Now showing items 1-3 of 3
Title:Deposits and bank capital structure
Author(s):ALLEN, Franklin; CARLETTI, ElenaDate:2013Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In a model with bankruptcy costs and segmented deposit and equity markets, we endogenize the choice of bank and firm capital structure and the cost of equity and deposit finance. Despite risk neutrality, equity capital is ...
Title:Family Firms and the Agency Cost of Debt: The role of soft information during a crisis
Author(s):D’AURIZIO, Leandro; OLIVIERO, Tommaso; ROMANO, LivioDate:2012Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:In this paper we study how access to bank lending during the recent financial crisis differed between family and non-family firms. Our theoretical prediction is that the presence of a family block-holder in the company ...
Title:Towards a Theory of Trade Finance
Author(s):SCHMIDT-EISENLOHR, TimDate:2009Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:Cross border transactions are conducted using diffierent payment contracts, the usage of which varies across countries and over time. In this paper I build a model that can explain this observation and study implications ...