Showing 1 - 10 of 24
The experience of the 2007-09 financial crisis has showed that the bank capital regulation in place was inadequate to deal with "manufacturing" tail risk in the financial sector. This paper proposes an incentive-based design of bank capital regulation aimed at efficiently dealing with tail risk...
Persistent link: https://www.econbiz.de/10010933816
This paper proposes a simple continuous time model to analyze capital charges for operational risk. We find that undercapitalized banks have less incentives to reduce their operational risk exposure. We view operational risk charge as a tool to reduce the moral hazard problem. Our results show,...
Persistent link: https://www.econbiz.de/10008794062
This article aims to expand existing empirical knowledge on the impact of debt level on profitability of companies. We … 2006. By using the generalized method of moments (GMM), we show that the debt affects negatively the profitability, not …
Persistent link: https://www.econbiz.de/10010755513
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no … effect on corporate profitability, regardless of the size of company (VSEs, SMEs or LEs). …
Persistent link: https://www.econbiz.de/10010899356
the extent of such chartering practices, the characteristics of vessels chartered and if an impact on liner profitability … whether the chartering rate and the size of these 17 liner companies have had an influence on their observed profitability in … 2007, 2008 and 2009. Our results suggest that those variables impact profitability, but in variable ways over time. …
Persistent link: https://www.econbiz.de/10010593615
L'objectif de cet article est d'analyser l'impact de la structure du capital sur la profitabilité. Cet impact peut être expliqué par trois théories essentielles: la théorie du signal, l'influence de la fiscalité et la théorie de l'agence. Nous montrons, à partir d'un échantillon de 9136...
Persistent link: https://www.econbiz.de/10010618158
The objective of this article is to analyze the impact of capital structure on profitability. This impact can be … structure on profitability. The empirical analysis allowed us to distinguish three different groups of sectors: for the first … group (industry, energy and service), the capital structure has no impact on profitability. The second group, containing …
Persistent link: https://www.econbiz.de/10010821251
Current study aims to provide new empirical evidence on the impact of debt on corporate profitability. This impact can … (GMM) econometric technique on three measures of profitability ratio (PROF1, PROF2 and ROA), we show that debt ratio has no … effect on corporate profitability, regardless of the size of company (VSEs, SMEs or LEs). …
Persistent link: https://www.econbiz.de/10010821293
the issue of infrastructure funding. For instance the financial profitability is more important than the socio …
Persistent link: https://www.econbiz.de/10008790453
L'objectif de cet article est de montrer les limites des principaux indicateurs de performance des banques et de proposer une approche en terme de rendement et de risque calculés pour chaque banque à partir de plusieurs facteurs de risque.
Persistent link: https://www.econbiz.de/10008790623