Event Type WiP Seminars
may
21may13:0014:00WiP Seminar - Sandra Marnoto
Event Details
CEF.UP – WiP Seminar Wednesday – May 21st, 2025 at 13:00h | Room 305 Machine learning e crescimento empresarial: impacto das práticas ESG Sandra Marnoto
Event Details
CEF.UP – WiP Seminar
Wednesday – May 21st, 2025 at 13:00h | Room 305
Machine learning e crescimento empresarial: impacto das práticas ESG
Time
(Wednesday) 13:00 - 14:00
june
18jun13:0014:00WiP Seminar - José Jorge
Event Details
CEF.UP – WiP Seminar Wednesday – June 18th, 2025 at 13:00h | Room 305 Is liquidity theory important to study credit guarantees? José Jorge – FEP - School of Economics and Management,
more
Event Details
CEF.UP – WiP Seminar
Wednesday – June 18th, 2025 at 13:00h | Room 305
Is liquidity theory important to study credit guarantees?
José Jorge – FEP – School of Economics and Management, University of Porto / CEF.UP.
Abstract:
“Is liquidity theory important to study credit guarantees? Yes. Credit guarantees are akin to the fully committed credit lines described in the theoretical literature. We thus apply this literature to propose and test a theory of credit guarantees, which work through the collateral channel (more generous guarantees increase the scale of the project) and through the liquidity channel (more generous guarantees increase the liquidity-scale ratio). The existing empirical literature has not found evidence of the former channel, and has neglected the latter. We find that an additional euro in a credit guarantee that backs 75% of a four-year bank loan increases liquidity holdings by 1.31 euros on average in a two-year window but has no clear impact on scale.”
Time
(Wednesday) 13:00 - 14:00