2024-03-28T08:43:22Zhttps://repositorio.bde.es/oai/requestoai:repositorio.bde.es:123456789/69522023-06-08T12:34:20Zcom_123456789_5661com_123456789_21col_123456789_5689
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Jiménez Zambrano, Gabriel
author
López, José A.
author
Saurina Salas, Jesús
author
2008-10-02
Since bank credit lines are a major source of corporate funding, we examine the determinants of credit line usage with a comprehensive database of Spanish corporate credit lines. A line’s default status is a key factor driving its usage, which increases as a firm’s financial condition worsens. Line usage decreases by roughly 10% for each year of its life. Lender characteristics, such as the number and length of a firm’s banking relationships, are found to affect a firm’s usage decisions, and credit line usage is found to be inversely related to macroeconomic conditions
ISSN: 0213-2710 (en papel)
ISSN: 1579-8666 (en línea)
https://repositorio.bde.es/handle/123456789/6952
000215850
DTRA-200821-eng
Credit lines
Firm default
Bank lending
Exposure at default
Empirical analysis of corporate credit lines