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Bank branch density, defined as the number of bank branches to total deposits, has significantly declined over the past …
Persistent link: https://www.econbiz.de/10014322849
This paper investigates how shocks to expected cash flows influence CEO incentive compensation. Exploiting changes in compliance with environmental regulations as shocks to expected future cash flows, we find that adverse shocks typically prompt corporate boards to recalibrate CEO compensation...
Persistent link: https://www.econbiz.de/10014486193
operations of a large bank. Case studies of several branches were used to understand how and why the human resource management …'s performance. An important finding is that, even though all managers in this bank are given a formal set of human resource policies …
Persistent link: https://www.econbiz.de/10012471309
pre-crisis data, in order to study the impact of government guarantees on bank performance during a crisis. Using bank … private sector bank branches in districts with greater exposure to state-owned banks experienced deposit withdrawals and … shortening of deposit maturity. In contrast, nearby vulnerable state-owned bank branches grew their deposit base and increased …
Persistent link: https://www.econbiz.de/10012480508
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 …-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …
Persistent link: https://www.econbiz.de/10012463469
This paper is the first to study the effect of financial restatement on bank loan contracting. Compared with loans …
Persistent link: https://www.econbiz.de/10012464938
shocks. We show that firms whose debt" had a higher fraction of bank loans in 1989 performed worse from 1990 to 1993. This … affect performance during this period of time. We find that firms that were more" bank-dependent also invested less during … this period than other firms. This evidence points to an" adverse effect of bank-centered corporate governance, namely that …
Persistent link: https://www.econbiz.de/10012472574
representatives on corporate boards. If a banking relationship is a substitute for the stock market, then interaction with a bank … monopolistic control over access to external capital markets, then bank interests may conflict with those of other equityholders … structure of the firms' equity. We test for conflicts-of-interest in bank behavior and ask whether the relationship between …
Persistent link: https://www.econbiz.de/10012473409
From 1973 to 2014, the common stock of U.S. banks with loan growth in the top quartile of banks over a three-year period significantly underperforms the common stock of banks with loan growth in the bottom quartile over the next three years. The benchmark-adjusted cumulative difference in...
Persistent link: https://www.econbiz.de/10012456585
We investigate whether a bank's performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank's poor experience in a crisis is tied to aspects of its business model that are persistent …
Persistent link: https://www.econbiz.de/10012461620