and bank credit supply increases with pension cut legislation. Overall, the findings suggest states’ budget cuts affect … bank values and credit supply through their municipal bond holdings. …

particular, I find that a bank affiliated with a multi-bank holding company is significantly safer than either a stand-alone bank … or a bank affiliated with a one-bank holding company. Not only does affiliation reduce the probability of future … other banks. Moreover, the effects of affiliation are strengthened for an expanding bank holding company. However, the …

. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both …. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both … advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …

In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is … value, and a risk measure, this paper develops a semi-parametric model for estimating the critical level of bank risk at …

had a measurable effect on the stock market valuation of the forty-two bank holding companies subject to the SEC order. I …

Using data from bank holding company regulatory reports, we examine the relationshipbetween stock repurchases and … financial performance for a large sample of bank holding companies over the years 1987 to 1998. The primary result is that … be driven primarily by bank holding companies with publicly traded stock, especially those companies whose stock is …