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regulation took effect. I find that strategic firms reduced their emissions by approximately 20% relative to other firms and …
Persistent link: https://www.econbiz.de/10012465135
This paper reviews a specific group of recent publications by Black, Fama, Hall, and Greenfield and Yeager that (i) encourage the relaxation of government controls on the banking industry, (ii) emphasize the possibility of an economy in which most transactions are carried out through an...
Persistent link: https://www.econbiz.de/10012477512
Using proprietary individual level loan data, this paper explores the economic consequences of the 2009 bank entry … corporate loans from entrant banks. Consequently, in deregulated cities, private firms with bank credit access increase asset … following deregulation. Deregulation also amplifies bank credit from productive private firms to inefficient SOEs due mainly to …
Persistent link: https://www.econbiz.de/10012479745
public-interest view of regulation, not regulatory capture …
Persistent link: https://www.econbiz.de/10012482067
We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...
Persistent link: https://www.econbiz.de/10012463150
-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …
Persistent link: https://www.econbiz.de/10012463469
policy implications as they imply that the same regulation will have different effects on bank risk taking depending on the …, their ownership structures, and national bank regulations. We focus on conflicts between bank managers and owners over risk …, and show that bank risk taking varies positively with the comparative power of shareholders within the corporate …
Persistent link: https://www.econbiz.de/10012464532
effects of bank regulation and the impact of deregulation. We find that where entry was more restricted the cost of credit was …We use exogenous variation in the degree of restrictions to bank competition across Italian provinces to study both the … increase in bad loans. In provinces where restrictions to bank competition were most severe, the proportion of bad loans after …
Persistent link: https://www.econbiz.de/10012466164
In a partial-equilibrium model, removing a binding constraint creates value. However, in general equilibrium, the stakes of other parties in maintaining the constraint must be examined. In financial deregulation, the fear is that expanding the scope and geographic reach of very large...
Persistent link: https://www.econbiz.de/10012470122
theories of regulatory entry and exit. We focus on bank branching deregulation across the states which began a quarter century …
Persistent link: https://www.econbiz.de/10012472173