The Absorption of Talent into Finance: Evidence from U.S. Banking Deregulation

2013 ◽  
Author(s):  
Christiane Kneer
Keyword(s):  
Banking Deregulation

Banking Deregulation and Innovation

2012 ◽  
Author(s):  
Sudheer Chava ◽  
Alexander Oettl ◽  
Ajay Subramanian ◽  
Krishnamurthy Subramanian
Keyword(s):  
Banking Deregulation

Proprietary information and the cost of bank debt

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
HyunJun Na
Keyword(s):  
Least Square ◽  
Bank Loan ◽  
Content Type ◽  
Loan Contracts ◽  
Proprietary Information ◽  
Banking Deregulation ◽  
Interstate Banking ◽  
Innovative Firms ◽  
Bank Loan Contracts ◽  
The Impact

PurposeThis study explores how the firm’s proprietary information has an impact on the bank loan contracts. It explains the propensity of using the competitive bid option (CBO) in the syndicate loans to solicit the best bid for innovative firms and how it changes based on industry competition and the degree of innovations. This research also examines how the interstate banking deregulation (Interstate Banking and Branching Efficiency Act) in 1994 affected the private loan contracts for innovative borrowers.Design/methodology/approachThe study uses various econometric analyses. First, it uses the propensity score matching analysis to see the impact of patents on pricing terms. Second, it uses the two-stage least square (2SLS) analysis by implementing the litigation and non-NYSE variables. Finally, it studies the impact of the policy change of the Interstate Banking and Branching Efficiency Act of 1994 on the bank loan contracts.FindingsFirms with more proprietary information pays more annual facility fees but less other fees. The patents are the primary determinants of the usage of CBO in the syndicate loans to solicit the best bid. While innovative firms can have better contract conditions by the CBO, firms with more proprietary information will less likely to use the CBO option to minimize the leakage of private information and the severe monitoring from the banks. Finally, more proprietary information lowered the loan spread for firms dependent on the external capital after the interstate banking deregulation.Originality/valueThe findings of this research will help senior executives with responsibility for financing their innovative projects. In addition, these findings should prove helpful for the lawmakers to boost economies.

scholarly journals U.S. banking deregulation and local economic growth: A spatial analysis

2021 ◽  
Vol 43 ◽  
pp. 100506
Author(s):  
Laura Spierdijk ◽  
Pieter IJtsma ◽  
Sherrill Shaffer
Keyword(s):  
Economic Growth ◽  
Spatial Analysis ◽  
Banking Deregulation ◽  
Local Economic Growth

scholarly journals Banking Deregulation in Europe

1987 ◽  
Vol 2 (4) ◽  
pp. 63 ◽  
Author(s):  
Ernst Baltensperger ◽  
Jean Dermine ◽  
Charles Goodhart ◽  
John Kay
Keyword(s):  
Banking Deregulation

The Impact of Credit Market Development on Auditor Choice: Evidence from Banking Deregulation

2021 ◽  
Author(s):  
Gus De Franco ◽  
Yuyan Guan ◽  
Yibin Zhou ◽  
Xindong Kevin Zhu
Keyword(s):  
Credit Market ◽  
Market Development ◽  
Auditor Choice ◽  
Banking Deregulation ◽  
The Impact

Banking Deregulation and the New Competition in the Financial Services Industry.

1985 ◽  
Vol 40 (2) ◽  
pp. 615
Author(s):  
Oliver G. Wood ◽  
Kerry Cooper ◽  
Donald R. Fraser
Keyword(s):  
Financial Services ◽  
Financial Services Industry ◽  
Banking Deregulation ◽  
Services Industry

Bank Geographic Diversification and Corporate Innovation: Evidence from the Lending Channel

2020 ◽  
pp. 1-32
Author(s):  
Saiying Deng ◽  
Connie X. Mao ◽  
Cong Xia
Keyword(s):  
Causal Effect ◽  
Economic Value ◽  
Operational Flexibility ◽  
Geographic Diversification ◽  
Banking Deregulation ◽  
Lending Channel ◽  
Interstate Banking ◽  
Model Following ◽  
Corporate Innovation ◽  
Underlying Mechanisms

By integrating staggered interstate banking deregulation into a gravity model following Goetz, Laeven, and Levine (2013), (2016), we construct a time-varying, bank-specific instrument for geographic diversification and investigate its causal effect on corporate innovation via the lending channel. We find that bank geographic diversification spurs corporate innovation and enhances the economic value of innovation. We identify relaxing debt covenants and alleviating borrowers’ financial constraints as the two underlying mechanisms explaining the documented effects. Moreover, by offering lenient covenants, geographically diversified banks provide greater financial and operational flexibility to borrowing firms, enabling them to engage in future mergers and acquisitions.

Banking deregulation, consolidation, and corporate cash holdings: U.S. evidence

2014 ◽  
Vol 41 ◽  
pp. 45-56 ◽  
Author(s):  
Bill Francis ◽  
Iftekhar Hasan ◽  
Haizhi Wang
Keyword(s):  
Cash Holdings ◽  
Banking Deregulation ◽  
Corporate Cash Holdings

scholarly journals The Impact of Bank Deregulations on Farm Financial Stress and Stability

2020 ◽  
Vol 12 (4) ◽  
pp. 1684
Author(s):  
Eric C. Davis ◽  
Ani L. Katchova
Keyword(s):  
Fixed Effects ◽  
De Novo ◽  
Financial Stress ◽  
Farm Income ◽  
Banking Deregulation ◽  
Clear Cut ◽  
Interstate Banking ◽  
Bank Deregulation ◽  
The Cost ◽  
The Impact

Previous research on bank deregulation has supported the idea that interstate banking deregulation lowered the cost of credit and increased the net farm income. This analysis builds on that base by investigating whether the agricultural loan delinquency volume was also affected. Using a panel data fixed effects approach, deregulation was found to be associated with changes in the volume of delinquencies: interstate banking deregulation reduced the volume of production loan delinquencies, and de novo branching deregulation increased both production and real-estate loan delinquencies. Thus, deregulation’s outcome is not clear cut: interstate banking reduced farm financial stress but de novo deregulation increased it.

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