Showing 1 - 10 of 93
In this paper, we investigate the investment behaviour of institutional investors in terms of their shareholdings in 2,938 companies listed on the Tokyo and Osaka Stock Exchanges at the end of June 2002. By doing so, we provide one of the first detailed empirical analyses of the involvement of...
Persistent link: https://www.econbiz.de/10005088326
Over the past years, several countries around the world have adopted a system of prudential prompt corrective action (PCA). The European Union countries are being encouraged to adopt PCA by policy analysts who explicitly call for its adoption. To date, most of the discussion on PCA has focused...
Persistent link: https://www.econbiz.de/10005590668
analyzed from this perspective. Government bond regulation is argued to necessarily depart from ordinary approaches also … discusses repo and short-selling regulation in government bond markets. The atypical market structure and the multi … competition, integrative infrastructure and basic systemic protections as over-arching principles for regulation is consistent …
Persistent link: https://www.econbiz.de/10004999273
This paper studies the impact of European bank mergers and acquisitions on changes in key safety and soundness measures …
Persistent link: https://www.econbiz.de/10010687526
acquiring banks value profitable, high-growth and low risk targets. We also find that the strength of bank regulation and …We analyze the takeover premiums paid for a sample of European bank mergers between 1997 and 2007. We find that … supervision as well as deposit insurance regimes in Europe have measurable effects on takeover pricing. Stricter bank regulatory …
Persistent link: https://www.econbiz.de/10008620574
and more or less risk sensitivity in capital requirements. Following the approach in Barth et al. (2004, 2006, 2008) we … their effect on banks' risk, capital, efficiency and cost. We show that more stringency and more risk sensitivity in … regulation not always result in a trade off between efficiency and solvency: the impact depends on the area of national …
Persistent link: https://www.econbiz.de/10008643700
to make discretionary decisions within the PCA framework as soon as a bank of a cross border banking group falls below … requires the bank to be resolved. …
Persistent link: https://www.econbiz.de/10005590673
This paper analyzes the determinants of bank acquisitions both within and across countries in the EU-25 over the period … border bank acquisitions only if compared to the median of the market. Larger banks are more likely to be acquired by other … banks in the same country. The probability of being acquired by another bank in the same market is larger for banks that are …
Persistent link: https://www.econbiz.de/10005022234
Since the late eighties, the Spanish banking system has been undergoing major changes that have affected both its structure and the nature of strategic interaction among banking institutions. Various different strategies have been adopted to tackle the demands of this new operating environment,...
Persistent link: https://www.econbiz.de/10005022295
information on financial institutions’ risk profiles; financial institutions’ creditors must consider themselves at risk; and the …
Persistent link: https://www.econbiz.de/10010693318