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Ferro, Gustavo; León, Sonia; Romero, Carlos A. - HAL - 2014

Se miden las ganancias potenciales de eficiencia de cinco fusiones de bancos, producidas entre 2005 y 2011, analizándolas con la metodología de análisis envolvente de datos. Dadas las divergencias entre modelos de rendimientos constantes y variables, se testean rendimientos para discernir...

Persistent link: https://www.econbiz.de/10010930238

The 2007-2008 financial crisis: Is there evidence of disaster myopia?

Cornand, Camille; Gimet, Céline - HAL - 2012

determinant variables in banks' risk taking since the beginning of the years 2000. …

Persistent link: https://www.econbiz.de/10009278316

Financing economic activity: Schumpeter vs Keynes

Nasica, Eric - HAL - 2002

In this paper I compare Schumpeter's and Keynes' views on the financing of economic activity. As will be seen, both economists share common ideas about the working and financing of market economies. In particular, both Keynes and Schumpeter reject the classical notions of the neutrality of money...

Persistent link: https://www.econbiz.de/10008792147

Affiliated and independent venture capitalists: early stages screening and the syndication / leverage trade-off

Nasica, Eric; Torre, Dominique - HAL - 2008

equity or banks at the second round. IVCs syndicate and AVCs use the internal ways of diversification of the bank. Screening … and the Bank-Affiliated ones. We first discuss in the second section the different characteristics of these institutions …

Persistent link: https://www.econbiz.de/10008793553

Comparing the value relevance of earnings and book value in IFRS and GAAP standards

Escaffre, Lionel; Sefsaf, Réda - HAL - 2011

sample of companies belonging to the financial sector, made up largely of banks. The sample is taken from several European …

Persistent link: https://www.econbiz.de/10010898605

Quantifying and Explaining Implicit Public Guarantees for European Banks

Toader, Oana - HAL - 2014

of guarantor strength on the value of the implicit guarantee: a higher sovereign rating of a bank‟s home country leads to …. The investigation focuses on a sample of 45 large, listed European banks. It appears that the main element for determining … the value of the public subsidy is the intrinsic strength of the bank. In addition, we provide evidence on the importance …

Persistent link: https://www.econbiz.de/10010899778

Collateral constraints and rental markets

D'Albis, Hippolyte; Iliopulos, Eleni - HAL - 2013

We study a benchmark model with collateral constraints and heterogeneous discounting. Contrarily to a rich literature on borrowing limits, we allow for rental markets. By incorporating this missing market, we show that impatient agents choose to rent rather than to own the collateral in the...

Persistent link: https://www.econbiz.de/10010775853

Collateral constraints and rental markets

D'Albis, Hippolyte; Iliopulos, Eleni - HAL - 2013

Persistent link: https://www.econbiz.de/10011025906

Does the law alone explain the rise in bankruptcies in XIXth century France?

Hautcoeur, Pierre-Cyrille; Levratto, Nadine - HAL - 2006

This paper is the first result of a project aiming at understanding the history of bankruptcy law from an empirical economic perspective. By contrast with some proponents of "law and economics" (e.g. La Porta & alii, 1998), we consider that the impact of bankruptcy law on national economic...

Persistent link: https://www.econbiz.de/10010930170

Schumpeter on money, banking and finance: An institutionalist perspective

Festré, Agnès; Nasica, Eric - HAL - 2009

In this paper, we provide an institutional interpretation of Schumpeter's analysis of money, banking and finance. This interpretation is founded on an overall investigation into Schumpeter's writings addressing those issues from different perspectives.In section 1, we discuss the widespread...

Persistent link: https://www.econbiz.de/10008788989