Finance

EFA awarded the Bocconi professor for a paper about the effects of family control on corporate decisions during financial crises

Banks participating in the loan syndicate, and not project sponsors, pay for a prestigious arranger, according to a forthcoming article by Stefano Gatti and colleagues. And spreads are lower, moreover

The new assistant professor from Oxford

The new full professor comes from Universitat Pompeu Fabra

A paper by Paolo Colla and two colleagues revisits the 2007-2009 financial crisis and explains how firms with access to the bond market could counterbalance the reduction in bank loans, even if at higher costs. And sketches a new credit model.

Hannes Wagner and co-authors, in a paper forthcoming in the Review of Financial Studies, show that in countries where the legal protection of minority shareholders is weak and financial development is low, family firms do not follow a life cycle, but live virtually forever