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Confronting the zombies : policies for productivity revival
Andrews, Dan; McGowan, Muge Adalet; Millot, Valentine - 2017
markets. As the zombie firm problem may partly stem from bank forbearance, complementary reforms to insolvency regimes are …
Persistent link: https://www.econbiz.de/10011779088
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Capital regulation, the cost of financial intermediation and bank profitability : evidence from Bangladesh
Zheng, Changjun; Rahman, Mohammed Mizanur; Begum, Munni; … - In: Journal of risk and financial management : JRFM 10 (2017) 2, pp. 1-24
profitability. In this study, we examine the impact of capital requirements on the cost of financial intermediation and bank … of financial intermediation and increase bank profitability. The results hold when we use equity to total assets ratio as … on the cost of financial intermediation and bank profitability in Bangladesh. In the empirical analysis, we further …
Persistent link: https://www.econbiz.de/10011669026
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Drivers of bank risk, solvency, and profitability in the Armenian banking system
Pakhchanyan, Suren; Sahakyan, Gor - 2014
The aim of this study is to examine the effects of bank-specific, regulatory and macroeconomic determinants on bank … risk, profitability and solvency in the Armenian banking sector. To account for these, we apply a GMM technique to a panel …. Regarding GDP we observe a negative influence on banks' solvency, profitability and risk. When focusing on regulatory variables …
Persistent link: https://www.econbiz.de/10012822441
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Should the paradigms of banking theory be redefined based on banking practice? : (thoughts on the polarity of opinion concerning the polish banking sector)
Szambelańczyk, Jan; Marcinkowska, Monika - In: E-Finanse : finansowy kwartalnik internetowy 12 (2016) 3, pp. 1-26
In accordance with the principles of best academic practice, a research community is identified through an internalised paradigm comprising notions and theories that form the foundations of a given academic field or discipline. This paper aims to provide a selective overview of differing...
Persistent link: https://www.econbiz.de/10011616734
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Banks in Space
Oberfield, Ezra; Rossi-Hansberg, Esteban; Trachter, Nicholas - National Bureau of Economic Research - 2024
We study the spatial expansion of banks in response to banking deregulation in the 1980s and 90s. During this period, large banks expanded rapidly, mostly by adding new branches in new locations, while many small banks exited. We document that large banks sorted into the densest markets, but...
Persistent link: https://www.econbiz.de/10014512110
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Financing Experimentation
Drugov, Mikhail; Macchiavello, Rocco - In: American Economic Journal: Microeconomics 6 (2014) 1, pp. 315-49
Entrepreneurs must experiment to learn how good they are at a new activity. What happens when the experimentation is financed by a lender? Under common scenarios, i.e., when there is the opportunity to learn by "starting small" or when "noncompete" clauses cannot be enforced ex post, we show...
Persistent link: https://www.econbiz.de/10010735256
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Size and earnings volatility of US bank holding companies
de Haan, Jakob; Poghosyan, Tigran - In: Journal of Banking & Finance 36 (2012) 11, pp. 3008-3016
We examine whether bank earnings volatility depends on bank size. Using quarterly data for bank holding companies in … diversification, we find that bank size reduces return volatility. However, the effect is non-linear: when bank size exceeds a certain …
Persistent link: https://www.econbiz.de/10010580942
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Zombie Lending and Depressed Restructuring in Japan
Caballero, Ricardo J.; Hoshi, Takeo; Kashyap, Anil K. - In: American Economic Review 98 (2008) 5, pp. 1943-77
Large Japanese banks often engaged in sham loan restructurings that kept credit flowing to otherwise insolvent borrowers (which we call zombies). We examine the implications of suppressing the normal competitive process whereby the zombies would shed workers and lose market share. The congestion...
Persistent link: https://www.econbiz.de/10005820389
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Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market
Khwaja, Asim Ijaz; Mian, Atif - In: American Economic Review 98 (2008) 4, pp. 1413-42
tests in Pakistan. We show that for the same firm borrowing from two different banks, its loan from the bank experiencing a …We examine the impact of liquidity shocks by exploiting cross-bank liquidity variation induced by unanticipated nuclear … borrowing through the credit market. Small firms are unable to do so and face large drops in overall borrowing and increased …
Persistent link: https://www.econbiz.de/10005573714
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Hard money and fiat money in an inflationary world
Wang, Guizhou; Hausken, Kjell - In: Research in international business and finance 67 (2024) 2, pp. 1-30
Persistent link: https://www.econbiz.de/10014451565