Competition and Strategic Focus in Lending Relationships

Author(s):  
Robert B.H. Hauswald ◽  
Robert S. Marquez
2018 ◽  
Vol 52 (1) ◽  
pp. 277-301 ◽  
Author(s):  
Marco Cucculelli ◽  
Valentina Peruzzi ◽  
Alberto Zazzaro

1993 ◽  
Vol 32 (1) ◽  
pp. 45-49
Author(s):  
John P. Hanley

2016 ◽  
Vol 44 (4) ◽  
pp. 18-25 ◽  
Author(s):  
Saul J. Berman ◽  
Peter J. Korsten ◽  
Anthony Marshall

Purpose Digital reinvention helps organizations create unique, compelling experiences for their customers, partners, employees and other stakeholders. Design/methodology/approach Digital reinvention combines the capabilities of multiple technologies, including cloud, cognitive, mobile and the Internet of Things (IoT) to rethink customer and partner relationships from a perspective of fundamental customer need, use or aspiration. Findings The most successful digitally reinvented businesses establish a platform of engagement for their customers, with the business acting as enabler, conduit and partner Practical implications For successful digital reinvention, organizations need to pursue a new strategic focus, build new expertise and establish new ways of working. Originality/value The article offers a blueprint for digital reinvention that involves rethinking customer and partner relationships from a perspective of fundamental customer need, use or aspiration.


2021 ◽  
Author(s):  
Leila Peyravan ◽  
Regina Wittenberg-Moerman

We investigate how institutional (non-commercial bank) investors that simultaneously invest in a firm's debt and equity (dual-holders) influence the firm's voluntary disclosure. Because institutional dual-holders trade on private information gleaned through lending relationships, we predict and find that borrowers increase earnings forecast disclosure to reduce these investors' information advantage following the origination of loans with their participation. We also show that the increase in disclosure is stronger when the access to a borrower's private information endows dual-holders with a greater information advantage and when the consequences of this access are likely to be more pronounced. We further find that institutional dual-holders earn excess returns when trading equity of non-guider firms following loan origination, but not when firms issue guidance, confirming that earnings disclosure helps level the playing field among investors. Our findings highlight that firms actively use disclosure to mitigate the adverse effect of dual-holders on their information environment.


1985 ◽  
Vol 18 (3) ◽  
pp. 76-81 ◽  
Author(s):  
Barrie G. James
Keyword(s):  

2018 ◽  
Vol 43 (3) ◽  
pp. 417-436 ◽  
Author(s):  
Markus Kienscherf

This article argues that US policing ends up maintaining and reinforcing substantive intersecting racial and class divisions, precisely because of its avowed formal neutrality. The article is divided into two main sections. The first section sets up a theoretical apparatus for conceptualising the seeming contradiction between general and specific social control. This section argues that US policing has a colonial genealogy but now serves to reproduce a neo-colonial order characterised by both formal legal equality and substantive racial and class inequalities. Moreover, this section shows that the transition from a colonial to a neo-colonial order has been effected by a change in policing’s strategic focus from classical colonial pacification to liberal pacification, which combines coercion with developmentalism. Through a genealogy of US policing, the second section will demonstrate empirically how US policing’s shift towards a strategy of liberal pacification has enabled and continues to facilitate the (re)production of a neo-colonial social order. Since this genealogical section covers quite a long historical period, it will primarily draw on secondary sources. By developing a more nuanced and finely grained policing-as-pacification model that highlights both the colonial genealogy and the contemporary neo-colonial ontology of US policing, this article helps us better understand how and why formally neutral law enforcement ends up producing and reproducing racial and class divisions.


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