| 1. |
- Elliot, Viktor, et al.
(författare)
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The Impact of Recent Regualtory Reform on the Use of Supply Chain Finance: The Case of Reverse Factoring
- 2018
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Ingår i: Contemporaty Issues in Banking. Eds. García-Olalla, M. & Clifton, J.. - Cham, Switzerland : Palgrave Macmillan. - 2523-336X .- 2523-3378. - 9783319902937
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Bokkapitel (refereegranskat)abstract
- Short-term structured trade finance has traditionally received preferred capital treatment by regulators and financial agencies based on the premises that it was one of the safest, most collateralized and self-liquidating forms of bank assets (cf. Auboin and Blengini, 2014). Despite this preferential treatment concerns have been raised over the potential impact of the Basel III requirements on various trade finance instruments (see, for example, Auboin, 2010; Auboin and Blengini, 2014; CGFS, 2014; Lasaga, 2016; Michalski, Ors, and Demir, 2016). In this paper, we aim to deepen our understanding on how bank’s use trade finance in relation to other lending in light of the new regulations. We explore banks’ increasing use of SCF in the form of reverse factoring and its impact on overall value creation in supply chains. In particular, we analyze the motives for the implementation RF programs, how such programs compare with traditional factoring and other trade finance arrangements and whether its regulatory treatment provides further motives for banks to expand this line of business. Key
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| 2. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill-over to firm financing? SME financing, bank monitoring and the efficiency of the bank lending channel.
- 2018
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Ingår i: Contemporary Issues in Banking: Regulation, Governance and Performance. - Basingstoke : Palgrave Macmillan. - 2523-336X. - 9783319902937 ; , s. 279-302
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Bokkapitel (refereegranskat)abstract
- This chapter analyses spill over between banks and firms when required bank capital is regulated. We contribute to the existing literature by addressing different regulatory responses with an impact on the supply and demand of bank lending. The chapter contributes to the growing literature addressing the unintended consequences of regulatory policy development. The study empirically compares the regulatory responses of Swedish banks and how these responses affect lending to Swedish SMEs. The theoretical framework and methodology employed in this chapter make it possible to study theories related to bank monitoring, regulatory arbitrage opportunities, and the risk-return trade off. The main results indicate that banks’ regulatory responses are associated with increasing lending margins, either by (1) increasing the margin on the loan portfolios, spilling over the regulatory costs through higher prices, (2) lower acceptance of lower return customers, or (3) regulatory arbitrage through balance sheet adjustments.
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| 3. |
- Mallios, Aineas, 1988, et al.
(författare)
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The Relation Between Patent Pledgeability and Credit Rationing
- 2023
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Ingår i: Carbó-Valverde, S., Cuadros-Solas, P.J. (eds) New Challenges for the Banking Industry - Searching for Balance Between Corporate Governance, Sustainability and Innovation. - : Palgrave Macmillan Cham. - 2523-336X .- 2523-3378. - 9783031329302
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Bokkapitel (refereegranskat)abstract
- We analyze the economic issue raised when financial intermediaries refuse to supply credit to a borrower even at a higher rate than that posted by lenders. We suggest that patent-backed loans can be used as a contracting device to reduce credit rationing in loan markets characterized by imperfect information. Patents have become among the most valuable assets of firms in high-technology industries. They determine the production of goods and contain information about the firms’ credit quality. Patents can also be used by banks to screen borrowers. We provide a theoretical foundation showing that patents used as collateral may reduce the level of information asymmetry in loan markets and facilitate also bank lending. Using a setup of financial intermediation with capital constrained entities and imperfect information, we suggest that patent pledging can be used to minimize credit rationing. This may lead to more investment in innovation and more growth
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| 4. |
- Elliot, Viktor, et al.
(författare)
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Does bank regulation spill over to firm financing? : SME financing, bank monitoring, and the efficiency of the bank lending channel
- 2018
-
Ingår i: Contemporary issues in banking. - Basingstoke : Palgrave Macmillan. - 9783319902944 - 9783319902937 ; , s. 279-302
-
Bokkapitel (refereegranskat)abstract
- This chapter analyses spill over between banks and firms when required bank capital is regulated. We contribute to the existing literature by addressing different regulatory responses with an impact on the supply and demand of bank lending. The chapter contributes to the growing literature addressing the unintended consequences of regulatory policy development. The study empirically compares the regulatory responses of Swedish banks and how these responses affect lending to Swedish SMEs. The theoretical framework and methodology employed in this chapter make it possible to study theories related to bank monitoring, regulatory arbitrage opportunities, and the risk-return trade off. The main results indicate that banks’ regulatory responses are associated with increasing lending margins, either by (1) increasing the margin on the loan portfolios, spilling over the regulatory costs through higher prices, (2) lower acceptance of lower return customers, or (3) regulatory arbitrage through balance sheet adjustments.
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| 5. |
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