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outside directors than non- financial firms, and bank officer-directors tend to have more external board directorships than … whether those connections affect lending and borrowing behavior. Although a board linkages may reduce the costs of information …- information cost firms are also more likely to borrow from their connected bank, and when they do so the terms of the loan appear …
Persistent link: https://www.econbiz.de/10012470021
stronger if the observing and penalized directors share the same professional background or gender and if the observing …What makes independent directors perform their monitoring duty? One possible reason is that they are worried about … market, we estimate the extent to which independent directors' perceptions of the likelihood of receiving a regulatory …
Persistent link: https://www.econbiz.de/10012585458
studying bank-specific data on lending by domestically- and foreign-owned banks in Argentina and Mexico. We find that foreign … lending, contributing to lower overall volatility of credit. Additionally, in both countries, foreign banks show notable … similar, and lending rates analogously respond to aggregate demand fluctuations. In Mexico, foreign and domestic banks with …
Persistent link: https://www.econbiz.de/10012471047
effects from cross-border bank takeovers with those of cross-border lending by banks located overseas, which in most cases … show how endogenous markups (the net interest margin commonly used to proxy lending-to-deposit rate spreads) can increase …
Persistent link: https://www.econbiz.de/10012462623
evidence for the lending channel for monetary policy in large banks, but only those banks that are domestically-oriented and … contributes to an international propagation of domestic liquidity shocks to lending by affiliated banks abroad. While these … results imply a substantially more active lending channel than documented in the seminal work of Kashyap and Stein (2000), the …
Persistent link: https://www.econbiz.de/10012464544
-to-value ratios and local currency reserve requirements increase lending growth in the United States through the U.S. branches and … subsidiaries of foreign banks. Second, a foreign tightening of capital requirements shifts lending by U.S. global banks away from … regulation reduces lending by large U.S. global banks to foreign residents …
Persistent link: https://www.econbiz.de/10012456035
We examine CEO-board dynamics using a new panel dataset that spans 1920 to 2011. The long sample allows us to perform within-firm and within-CEO tests over a long horizon, many for the first time in the governance literature. Consistent with theories of bargaining or dynamic contracting, we find...
Persistent link: https://www.econbiz.de/10012479953
has been segmented through various kinds of restrictions, because the central bank is unable to function as a lender of … last resort in a currency other than its own. The standing issue is whether in practice, a parent bank effectively takes …
Persistent link: https://www.econbiz.de/10012469851
This paper analyzes the determinants of spreads on syndicated bank lending to emerging markets, treating the loan … interpretation of bank finance as dominating that segment of international financial markets characterized by the most pronounced … information asymmetries. Domestic lending booms and low reserves in relation to short-term debt have been priced in the expected …
Persistent link: https://www.econbiz.de/10012471681
compares the response of the volume of loans, deposits, and bank-specific interest rates on loans and deposits, to various … domestic and foreign banks during periods of financial distress and tranquil times. Using differences in bank ownership as a … liquidity and/or capitalization. At the same time, the lending and deposit rates of foreign banks tend to be smoother during …
Persistent link: https://www.econbiz.de/10012466325