We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Access to public capital markets and bank lending.
- Authors
Chu, Yongqiang; Zhao, Daxuan
- Abstract
We examine how the cost of issuing equity affects bank lending. Using the SEC rule change that allowed exchange‐listed firms with public float less than $75 million to raise equity via shelf registrations as a quasi‐natural experiment, we show that the affected banks increase mortgage lending relative to control banks. Furthermore, the affected banks reduce demand for precautionary capital and become less likely to sell mortgages to third parties.
- Subjects
BANK loans; UNITED States. Securities &; Exchange Commission; CAPITAL market; BANK capital; BANK marketing; CAPITAL costs; MORTGAGE banks; MORTGAGE loans; FLOATING rate notes
- Publication
Real Estate Economics, 2024, Vol 52, Issue 1, p184
- ISSN
1080-8620
- Publication type
Article
- DOI
10.1111/1540-6229.12437