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This paper evaluates bank exit regimes in selected financial centres using econometric methods. The focus is on bank … exit regimes applicable to commercial banks in New York, London, Frankfurt, Helsinki and Tokyo in 1998–2002. Bank exit … regimes are studied from the perspective of bank creditors and bank shareholders. In order to apply econometric methods, the …
Persistent link: https://www.econbiz.de/10005423720
decisions, we examine whether banks take into consideration the gender of CFOs when pricing bank loans. We find that in our … sample, firms under the control of female CFOs on average enjoy about 11% lower bank loan price than firms under the control …
Persistent link: https://www.econbiz.de/10009358946
In this paper we provide evidence for the effects of social norms on audit pricing by studying companies belonging to the alcohol, firearms, gambling, military, nuclear power, and tobacco industries, which are often described as “sin” companies. We hypothesize that the disparities between...
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This paper analyses bank exit (ie reorganisation and liquidation) legislation in selected financial centres: New York …, London, Frankfurt, Helsinki and Tokyo. The focus is on bank exit legislation applicable to commercial banks. The legislation … is analysed from the perspective of bank stakeholders, ie bank creditors, depositors and bank shareholders. The analysis …
Persistent link: https://www.econbiz.de/10005190764
of traditional commercial bank functions to the extent that we are actually entering upon something that is new in a … competitive situation. This has accentuated the role of the central bank as a payments service provider to the banks and … particularly as an overseer of payment systems. The central bank's role as payment systems overseer is likely to receive even …
Persistent link: https://www.econbiz.de/10005649008
We study the impact of firms’ abnormal business operations on their future crash risk in stock prices. Computed based on real earnings management (REM) models, firms' deviation in real operations from industry norms (DRO) is shown to be positively associated with their future crash risk. This...
Persistent link: https://www.econbiz.de/10010945111