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Advanced Search Results For "CREDIT"

1 - 10 of 490,200 results for
 "CREDIT"
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Credit Ratings and Market Information.

Publication Type: Academic Journal

Source(s): Review of Financial Studies. Oct2022, Vol. 35 Issue 10, p4425-4473. 49p.

Abstract: Accurate credit ratings are important for both investors and regulators. We demonstrate that the market for credit risk provides an important source of discipline for credit rating agencies (CRAs). We examine a model in which a CRA's rating is followed...

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Market Risk Premium for Unsecured Consumer Credit Risk.

Publication Type: Academic Journal

Source(s): Review of Financial Studies. Oct2022, Vol. 35 Issue 10, p4756-4801. 46p.

Abstract: We use the prices of credit card asset-backed securities to study the market risk premium associated with unsecured consumer credit risk. We find that the market incorporates a substantial credit risk premium into the prices of these securities. Furthe...

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The Digital Credit Divide: Marketplace Lending and Entrepreneurship.

Publication Type: Academic Journal

Source(s): Journal of Financial & Quantitative Analysis. Nov2022, Vol. 57 Issue 7, p2659-2692. 34p.

Abstract: We conjecture that marketplace lending provokes an increase in the quantity of entrepreneurship, particularly in more regionally disadvantaged areas, albeit at lower average quality. Using a fuzzy regression discontinuity design that exploits exogenous...

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Good, the Bad, and the Missed Boom.

Publication Type: Academic Journal

Source(s): Review of Financial Studies. Nov2022, Vol. 35 Issue 11, p5025-5056. 32p.

Abstract: Some credit booms result in financial crises. While excessive risk-taking could plausibly explain the boom-to-bust cycle, many investors do not anticipate increasing risk. We show that credit booms may be misunderstood as being driven by high productiv...

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Why Do Firms Borrow Directly from Nonbanks?

Publication Type: Academic Journal

Source(s): Review of Financial Studies. Nov2022, Vol. 35 Issue 11, p4902-4947. 46p.

Abstract: Analyzing hand-collected credit agreements for a sample of middle-market firms over 2010–2015, we find that one-third of all loans are directly extended by nonbank financial intermediaries. Two-thirds of such nonbank lending can be attributed to bank r...

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Commonality in Credit Spread Changes: Dealer Inventory and Intermediary Distress.

Publication Type: Academic Journal

Source(s): Review of Financial Studies. Oct2022, Vol. 35 Issue 10, p4630-4673. 44p.

Abstract: Two intermediary-based factors—a corporate bond dealer inventory measure and a broad intermediary distress measure—explain more than 40 |$\%$| of the puzzling common variation in credit spread changes beyond canonical structural factors. A simple inter...

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Financing with preferential credit to coordinate the capital-constraint supply chain.

Publication Type: Academic Journal

Source(s): International Journal of Production Research. Nov2022, Vol. 60 Issue 21, p6391-6412. 22p. 4 Charts, 10 Graphs.

Abstract: This paper investigates the impacts of preferential credit policy, faced by capital constraint retailers, on coordinating the supply chain. Apart from different bank's and manufacturer's risk preferences, preferential credit is also affected by the ret...

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Unintended Consequences of the Dodd–Frank Act on Credit Rating Risk and Corporate Finance.

Publication Type: Academic Journal

Source(s): Journal of Financial & Quantitative Analysis. Sep2022, Vol. 57 Issue 6, p2286-2323. 38p.

Abstract: Prior research finds that Dodd–Frank Act's regulations on credit rating agencies (CRAs) increase rated firms' risk of rating downgrades, regardless of their credit quality. Our difference-in-difference estimates suggest that after Dodd–Frank, low-rated...

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Default Effects of Credit Card Minimum Payments.

Publication Type: Academic Journal

Source(s): Journal of Marketing Research (JMR). Aug2022, Vol. 59 Issue 4, p775-796. 22p. 2 Diagrams, 10 Charts, 4 Graphs.

Abstract: Credit card minimum payments are designed to ensure that individuals pay down their debt over time, and scheduling minimum automatic repayments helps people avoid forgetting to repay. Yet minimum payments have additional, unintended psychological defau...

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Cultivating Self-Control in FinTech: Evidence from a Field Experiment on Online Consumer Borrowing.

Publication Type: Academic Journal

Source(s): Journal of Financial & Quantitative Analysis. Sep2022, Vol. 57 Issue 6, p2208-2250. 43p.

Abstract: We report the results of a longitudinal intervention with students across 5 universities in China designed to reduce online consumer debt. We allocate participants to either a financial literacy treatment group, a self-control treatment group, or a zer...

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