Essays in Banking and Corporate Finance
This thesis explores the interplay between financial intermediation and economic conditions. It examines how banks’ industry specialization interacts with monetary policies and how collateral value uncertainties shape the lending behaviors of financial intermediaries. The first chapter reveals that...
| Autor: | |
|---|---|
| Tipo de recurso: | tesis doctoral |
| Estado: | Versión publicada |
| Fecha de publicación: | 2024 |
| País: | España |
| Institución: | CBUC, CESCA |
| Repositorio: | TDR. Tesis Doctorales en Red |
| OAI Identifier: | oai:www.tdx.cat:10803/693298 |
| Acceso en línea: | http://hdl.handle.net/10803/693298 |
| Access Level: | acceso abierto |
| Palabra clave: | Banking finance Corporate finance 33 |
| Sumario: | This thesis explores the interplay between financial intermediation and economic conditions. It examines how banks’ industry specialization interacts with monetary policies and how collateral value uncertainties shape the lending behaviors of financial intermediaries. The first chapter reveals that banks with industry specialization adjust lending practices significantly in response to monetary policy changes, leveraging sector-specific knowledge to enhance loan performance. The second chapter investigates the effects of collateral value uncertainty on banks’ lending decisions, showing that high uncertainty increases banks’ real estate lending at the expense of commercial loans, impacting profitability and loan performance. The third chapter demonstrates how firms invest in intangible customer capital to enhance borrowing capacity through unsecured debt. Integrating these insights, the thesis underscores how financial intermediation influences economic outcomes, offering valuable implications for policy and financial practices. |
|---|