Showing 1 - 10 of 377
This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an … to give rise to lower bank capitalization. Boards of intermediate size, separation of the CEO and chairman roles, and an … absence of anti-takeover provisions, in particular, lead to low bank capitalization. However, executive options and stock …
Persistent link: https://www.econbiz.de/10011083556
This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as …-2008 period. Banks are special in that ‘good’ corporate governance increases bank insolvency risk relatively more for banks that … capital ratio. Furthermore, ‘good’ corporate governance is associated with more bank risk taking at times of rapid economic …
Persistent link: https://www.econbiz.de/10011084512
foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom …," domestic (British) loans of a bank expressed as a fraction of its total loan activity. We also study effective short …
Persistent link: https://www.econbiz.de/10009024484
Today’s regulatory rules, especially the easily-manipulated measures of regulatory capital, have led to costly bank … failures. We design a robust regulatory system such that (i) bank losses are credibly borne by the private sector (ii …) systemically important institutions cannot collapse suddenly; (iii) bank investment is counter-cyclical; and (iv) regulatory …
Persistent link: https://www.econbiz.de/10011083692
creating counter-cyclical incentives for banks to raise capital, and so encourage bank lending in bad times. They avoid the …
Persistent link: https://www.econbiz.de/10011083972
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...
Persistent link: https://www.econbiz.de/10011213309
In this paper, we define and analyze shareholder value creation. To help us understand this concept better, we use the example of two listed companies, General Electric and Microsoft, between 1992 and 2003. To obtain the created shareholder value, we first define the increase of equity market...
Persistent link: https://www.econbiz.de/10005021737
Este documento contiene 160 preguntas que me han formulado en los últimos años alumnos, antiguos alumnos y otras personas (jueces, árbitros, clientes…). Se han recopilado para ayudar al lector a recordar, aclarar, reforzar, matizar y, en su caso, discutir, conceptos útiles en finanzas....
Persistent link: https://www.econbiz.de/10005021763
2005 was a very good year for the shareholders of the companies in the Euro Stoxx 50. The shareholder value creation of these 50 companies was €292.9 billion. The companies that created most value for their shareholders were Total (€30 billion), Sanofi-Synthelabo (€23.2 billion) and Eni...
Persistent link: https://www.econbiz.de/10005021802
Este documento analiza 13 tipos de bonos estructurados y 2 tipos de participaciones preferentes. El objetivo es mostrar el funcionamiento de los mismos, y analizar la rentabilidad esperada para los inversores, para los emisores y para las instituciones mediadoras. Se muestra que este tipo de...
Persistent link: https://www.econbiz.de/10010833005