Browsing HBS Scholarly Articles by Keyword "financing and loans"

Now showing items 1-5 of 5

    • Cyclicality of Credit Supply: Firm Level Evidence 

      Becker, Bo; Ivashina, Victoria (Elsevier, 2013-11-25)
      Theory predicts that there is a close link between bank credit supply and the evolution of the business cycle. Yet fluctuations in bank-loan supply have been hard to quantify in the time series. While loan issuance falls ...

    • Financing Risk and Innovation 

      Nanda, Ramana; Rhodes-Kropf, Matthew (Institute for Operations Research and the Management Sciences (INFORMS), 2017)
      We provide a model of investment into new ventures that demonstrates why some places, times, and industries should be associated with a greater degree of experimentation by investors. Investors respond to financing risk―a ...

    • Incentivizing Calculated Risk-Taking: Evidence from an Experiment with Commercial Bank Loan Officers 

      Cole, Shawn; Kanz, Martin; Klapper, Leora (Wiley-Blackwell, 2014-07-18)
      This paper uses a series of experiments with commercial bank loan officers to test the effect of performance incentives on risk assessment and lending decisions. We first show that while high-powered incentives lead to ...

    • Poultry in Motion: A Study of International Trade Finance Practices 

      Antras, Pol; Foley, C Fritz (University of Chicago Press, 2014-10-28)
      This paper analyzes the financing terms that support international trade and sheds light on how these terms shape the impact of economic shocks on trade. Analysis of transaction-level data from a U.S.-based exporter of ...

    • Securitization without Adverse Selection: The Case of CLOs 

      Benmelech, Effi; Dlugosz, Jennifer; Ivashina, Victoria (Elsevier, 2013-11-25)
      In this paper, we investigate whether securitization was associated with risky lending in the corporate loan market by examining the performance of individual loans held by CLOs. We employ two different datasets that ...