Similar Search Results

The Effects of Geographic Expansion on Bank Efficiency

Berger, Allen N. - 2005

We assess the effects of geographic expansion on bank efficiency using cost and profit efficiency for over 7,000 U ….S. banks, 1993-1998. We find that parent organizations exercise some control over the efficiency of their affiliates, although … this control tends to dissipate with distance to the affiliate. However, on average, distance-related efficiency effects …

Persistent link: https://www.econbiz.de/10012737695

Are Longer Bankruptcies Really More Costly?

Covitz, Daniel M. - 2008

We test the widely held assumption that longer restructurings are more costly. In contrast to earlier studies, we use instrumental variables to control for the endogeneity of restructuring time and creditor return. Instrumenting proves critical to our finding that creditor recovery rates...

Persistent link: https://www.econbiz.de/10012727157

Corporate Asset Purchases and Sales : Theory and Evidence

Warusawitharana, Missaka - 2007

Purchases and sales of operating assets by firms generated $162 billion for shareholders over the past 20 years. This contrasts sharply with the evidence on mergers. This paper characterizes the behavior of value-maximizing firms, which may grow organically, purchase existing assets or sell...

Persistent link: https://www.econbiz.de/10012732037

The Economics of the Mutual Fund Trading Scandal

McCabe, Patrick E. - 2011

I examine the economic incentives behind the mutual fund trading scandal, which made headlines in late 2003 with news that several asset management companies had arranged to allow abusive - and, in some cases, illegal-trades in their mutual funds. Most of the gains from these trades went to the...

Persistent link: https://www.econbiz.de/10012713800

Risk and Concentration in Payment and Securities Settlement Systems

Mills, David C. - 2008

participants' incentives to influence the use of intraday liquidity and the resultant credit exposure of a central bank. The model …

Persistent link: https://www.econbiz.de/10012726934

Bank Commercial Loan Fair Value Practices

Tschirhart, John - 2007

held-to-maturity (HTM) bank loans. While the use of fair value has historically attracted significant discussion and debate …

Persistent link: https://www.econbiz.de/10012728994

Racial Dispersion in Consumer Credit Interest Rates

Edelberg, Wendy - 2007

Most of the literature exploring racial disparities in consumer credit markets focuses on the issue of access to loans. But the disparate terms on which loans are issued are equally revealing. In this paper, I examine disparities in a variety of consumer loan interest rates using a reduced-form...

Persistent link: https://www.econbiz.de/10012729645

The Profitability of Small, Single-Market Banks in an Era of Multimarket Banking

Hannan, Timothy H. - 2007

This paper examines the relationship between multimarket bank presence and the profitability (and therefore viability … shed light on the mechanisms through which multimarket bank presence might influence the profitability of single … reduction in the profitability of small, single-market banks operating in rural banking markets, but not of those operating in …

Persistent link: https://www.econbiz.de/10012731319

Anatomy of a Fair-Lending Exam : The Uses and Limitations of Statistics

Calem, Paul S. - 2007

In this paper, we consider the role of statistical analysis in fair lending compliance examinations. We present a case study of an actual examination of a large mortgage lender, demonstrating how statistical techniques can be a valuable tool focusing examiner efforts to either uncover illegal...

Persistent link: https://www.econbiz.de/10012732391

Acquistion Targets and Motives in the Banking Industry

Hannan, Timothy H. - 2006

This paper uses a large sample of individual banking organizations, observed from 1996 to 2003, to investigate the characteristics that made them more likely to be acquired. We use a definition of acquisition that we consider preferable to that used in much of the previous literature, and we...

Persistent link: https://www.econbiz.de/10012732471