Semantic Scholar Open Access 2020 197 sitasi

The Real Effects of Bank Capital Requirements

H. Fraisse Mathias Lé D. Thesmar

Lihat Sumber DOI

Abstrak

we measure the impact of bank capital requirements on corporate borrowing and investment using loan-level data. The Basel II regulatory framework makes capital requirements vary across both banks and across firms, which allows us to control for time varying firm-level risk and bank-level credit supply shocks. We find that a 1 percentage point increase in capital requirement reduces lending by 9%. Firms can attenuate this reduction by substituting borrowing across banks, but only partially. The resulting reduction in borrowing capacity impacts investment: for firms whose effective capital requirement increases by 1 percentage point, fixed assets are reduced by 2.5%.

Topik & Kata Kunci

Computer Science

Penulis (3)

H. Fraisse

Mathias Lé

D. Thesmar

Format Sitasi

APA MLA BibTeX

Fraisse, H., Lé, M., Thesmar, D. (2020). The Real Effects of Bank Capital Requirements. https://doi.org/10.1287/mnsc.2018.3222

Akses Cepat

Lihat di Sumber doi.org/10.1287/mnsc.2018.3222

Informasi Jurnal

Tahun Terbit: 2020
Bahasa: en
Total Sitasi: 197×
Sumber Database: Semantic Scholar
DOI: 10.1287/mnsc.2018.3222
Akses: Open Access ✓