Showing 1 - 10 of 148
are required to purchase a distressed bank because of political factors (the government’s role), their performances are at …
Persistent link: https://www.econbiz.de/10010698834
We investigate the role of corporate boards in bank loan contracting. We find that when corporate boards are more … other board characteristics influence bank loan prices. However, they do not consistently affect all nonprice loan terms …
Persistent link: https://www.econbiz.de/10010548600
The impact of cross-border bank M&As on bank risk remains an open question. Though geographically diversifying bank M …&As have the potential to reduce the risk of bank insolvency, they also have the potential to increase that risk due to the … increase in risk-taking incentives for bank managers and stockholders following these transactions. This paper empirically …
Persistent link: https://www.econbiz.de/10008626085
We address how lending market competition, measured by banks’ bargaining power, affects the agency costs of debt finance. We show that the threshold for obtaining loan finance is independent of the relative bargaining power of the financier. Moreover, intensified lending market competition...
Persistent link: https://www.econbiz.de/10005190771
owners can increase Chinese bank efficiency. These findings suggest that minority foreign ownership of the big four is likely …
Persistent link: https://www.econbiz.de/10005419687
Recent cross-country comparisons of bank efficiency have been based on pooled estimates of banks across countries and …
Persistent link: https://www.econbiz.de/10005423697
found for hypothesized transmission mechanisms through improved financing for SMEs or greater overall bank credit flows. The …
Persistent link: https://www.econbiz.de/10005649013
This paper provides direct evidence that managerial style is a key determinant of the firm’s cost of capital, in the context of private debt contracting. Applying the novel empirical method by Abowd, Karmarz, and Margolis (1999) to a large sample that tracks job movement of top managers, we...
Persistent link: https://www.econbiz.de/10010720138
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...
Persistent link: https://www.econbiz.de/10010818972
The 5th joint SUERF/Bank of Finland joint conference was held in Helsinki on 13 June 2013. The general theme of the …
Persistent link: https://www.econbiz.de/10011711934