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Risk-sensitive Basel regulations and firms' access to credit: direct and indirect effects
(Indian Institute of Management Ahmedabad, 2018)
This paper examines the impact of risk-sensitive Basel regulations on access to debt and cost of debt for firms with varying characteristics around the world, and investigates how firms cope through reliance on alternative ...
Lender moral hazard in state-owned banks: evidence from an emerging economy
(Indian Institute of Management Ahmedabad, 2018-07-04)
We examine the credit risk-choices of the public sector banks (PSBs) in India with a novel dataset that is able to trace the borrowers to their banks. We determine the likelihood of the ownership type of the lender bank ...
Risk-sensitive Basel regulations and firms' access to credit: direct and indirect effects
(Elsevier, 2021-03-09)
This paper examines the impact of risk-sensitive Basel regulations on debt financing of firms around the world. It investigates how firms cope with the impact through adjustments to their financing sources and capital ...
COVID-19 pandemic and debt financing by firms: unravelling the channels
(Elsevier, 2022-06-18)
The COVID-19-induced disruptions and the consequent government responses stretched the financial resources of firms. Recent studies document an increase in debt financing by firms during the pandemic. Using firm-level data ...
Fishing in muddy waters: mergers and acquisitions during uncertainty
(Indian Institute of Management Ahmedabad, 2022-10-26)
Using the COVID-19 pandemic as an exogenous shock, we examine whether
firms engage in opportunistic mergers and acquisitions during uncertainty. Par-
ticularly, we analyze the inorganic growth strategies of acquiring ...