Results 1 to 10 of about 578 (116)
Corporate life cycle and credit scoring
Journal of Applied Economics, 2023 This paper examines how the corporate life cycle affects credit scoring. Previous empirical studies have shown that the life cycle has an impact on financial policies, creditworthiness, risk and performance. This study utilizes panel data of U.S.
Ala’a Adden Abuhommous
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Investigating the Relationship between Currency Crises and Bank Credits in Iran using the Time-Varying Parameters Approach [PDF]
Faslnāmah-i Pizhūhish/Nāmah-i Iqtisādī, 2023 This study aims to investigate the relationship between currency crises and fluctuations in banking credits in Iran. Utilizing a time-varying coefficients approach spanning from 1989 to 2022, alongside economic boom and recession indicators, the analysis
Yazdan Gudarzi Farahani, Omidali Adeli
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Credit Search and Credit Cycles [PDF]
SSRN Electronic Journal, 2015 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Dong, Feng, Wang, Pengfei, Wen, Yi
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Endogenous Credit Cycles [PDF]
Journal of Political Economy, 2011 We study models of credit with limited commitment, which implies endogenous borrowing constraints. We show that there are multiple stationary equilibria, as well as nonstationary equilibria, including some that display deterministic cyclic and chaotic dynamics.
Chao Gu, Randall Wright
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Journal of Political Economy, 1995 Abstract This chapter is a theoretical study into how credit constraints interact with aggregate economic activity over the business cycle. In particular, for an economy in which credit limits are endogenously determined, we investigate how relatively small, temporary shocks to technology or income distribution might generate large ...
Nobuhiro Kiyotaki, John Moore
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SSRN Electronic Journal, 2021 We embed diagnostic expectations in a workhorse neoclassical model with heterogeneous firms and risky debt. A realistic degree of overreaction estimated from US firms’ earnings forecasts generates realistic credit cycles. Good times produce economic and financial fragility, predicting future disappointment of expectations, low bond returns, and ...
Bordalo, Pedro +3 more
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Retesting the institutional memory hypothesis: An experimental study [PDF]
Panoeconomicus, 2018 In this article, we set ourselves a task to test institutional memory hypothesis as a core of endogenous credit cycles. According to this hypothesis, risks taken by creditors depend largely on availability heuristic and experience of loan officers.
Burakov Dmitry
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Heliyon, 2022 This paper takes the A-share listed companies that issued credit bonds from 2010 to 2021 as the sample to test the probability and degree of credit rating change throughout the enterprise life cycle using the ordered logit and breakpoint regression ...
Yan Huo, Bangming Gong
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Journal of Open Innovation: Technology, Market and Complexity, 2020 This paper examines the sensitivity of firms’ R&D expenditures to being externally financial constrained to undertake innovation projects, considering that being constrained is endogenous.
Juan Laborda +2 more
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Business, housing, and credit cycles [PDF]
Journal of Applied Econometrics, 2016 SummaryWe use multivariate unobserved components models to estimate trend and cyclical components in gross domestic product (GDP), credit volumes, and house prices for the USA and the five largest European economies. With the exception of Germany, we find large and long cycles in credit and house prices, which are highly correlated with a medium‐term ...
Rünstler, Gerhard, Vlekke, Marente
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