Bank Corporate Loan Pricing Following the Subprime Crisis

By João A. C. Santos. 2011

385 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/f37966a44315c231eb4a095293c91383233c47e3

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Citations in the corpus

The value of government ownership during the global financial crisis (2017, background): “First, the implicit and explicit government guarantees might become more valuable when firms face a higher likelihood to fail, which is the case in economic crisis periods (Ivashina and Scharfstein, 2010; Puri, Rocholl, and Steffen, 2011; Santos, 2011).”
Competition and the Cost of Debt (2012, neutral): “To investigate the effect of large shifts of import tariff rates on loan spreads, I follow Graham, Li, and Qiu (2008) and Santos (2011) and estimate the following model of loan spreads: yi,j,t ¼ lðPost-reductionj,tÞþb 0Xi,t 1þZjþjlþei,j,t ð2Þ As in model (1), subscripts i, j, and t represent the…”
Cross-border banking, credit access, and the financial crisis (2012, background): “…of 6De Haas and van Horen (2009), Ivashina and Scharfstein (2010), Cetorelli and Goldberg (2011), Jimenes, Ongena, Peydro, and Saurina (2011), Puri, Rochol, and Steffen (2011), and Santos (2011), among others, all provide evidence on the credit crunch associated with the 2007-2008 financial crisis.”
Self-Fulfilling Credit Market Freezes (2011, methodology): “Our analysis provides a framework for assessing the benefits and limits of using standard and nonstandard policies to address a self-fulfilling credit market freeze.”
The Financial Crisis of 2007–2009: Why Did It Happen and What Did We Learn? (2015, neutral): “Santos (2011) documents that firms paid higher loan spreads during the crisis, and the increase was higher for firms that borrowed from banks that incurred larger losses.”
Monetary Policy and Bank Risk-Taking: Evidence from the Corporate Loan Market (2017, background): “14For other studies of loan spreads see, for example, Santos and Winton (2008), Hale and Santos (2009), and Santos (2011).”
Credit Market Disruptions and Liquidity Spillover Effects in the Supply Chain (2020, neutral): “Second, the prior literature shows that during the crisis period, there was a sharp decrease in the supply of bank credit and a corresponding increase in the price of new loans (Ivashina and Scharfstein 2010; Santos 2011; Chodorow-Reich 2014).”
Strategic management during the financial crisis: How firms adjust their strategic investments in response to credit market disruptions (2021, background): “(2)The finance literature further highlights the credit supply channel—linking how the collapse of the financial sector led to a contraction in lending (e.g., Ivashina & Scharfstein, 2010; Puri, Rocholl, & Steffen, 2011; Santos, 2011)—as an important mechanism explaining the increase in borrowing co”
The Flight Home Effect: Evidence from the Syndicated Loan Market During Financial Crises (2012, result): “Ivashina and Scharfstein (2010a and b) and Santos (2011) explore the effect of the 2008 crisis on the syndicated loan market in the U.S. to show that this market experienced a sharp decline in loan supply and an increase in loan spreads.1 In contrast to these other papers, we study not only the US…”
Universal Banks and Corporate Control: Evidence from the Global Syndicated Loan Market (2012, methodology): “ 24 borrower risk and the cost of bank funding both tend to go up during the financial crisis (Santos 2011).”
The Bank Lending Channel: Lessons from the Crisis (2011, positive): “Tentative evidence from the syndicated loan market in the US during the crisis provides support for the existence of significant supply constraints in terms of both quantity (Ivashina and Scharfstein, 2008) and price of credit (Santos, 2009).”
How Much Do Idiosyncratic Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data (2017, background): “…of Peek and Rosengren (1997, 2000), Klein et al. (2002), Khwaja andMian (2008), Paravisini (2008), Amiti andWeinstein (2011), Jimenez et al. (2011), Santos (2011), Greenstone andMas (2012), and ChodorowReich (2014) provide bank-level or matched bank-firm-level evidence that deteriorations in bank…”
Bank Ratings and Lending Supply: Evidence from Sovereign Downgrades (2016, neutral): “In particular, the 2007–2009 global financial crisis has been used as an experimental setting in which to study the effects of bank distress on credit supply (e.g., Ivashina and Scharfstein 2010; Cornett et al. 2011; Santos 2011; Iyer et al. 2013) and firm valuation and real outcomes (Chodorow-Reich”