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when they have private information suggesting that the future profitability of the bank is likely to be strong. We find …Using data from bank holding company regulatory reports, we examine the relationshipbetween stock repurchases and … financial performance for a large sample of bank holding companies over the years 1987 to 1998. The primary result is that …
Persistent link: https://www.econbiz.de/10010283414
We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii …) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a … dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened …
Persistent link: https://www.econbiz.de/10010287142
financial institutions. First, we establish that age, gender, and education jointly affect the variability of bank performance …
Persistent link: https://www.econbiz.de/10012988770
minimum standard is unlikely to exhibit adverse consequences for credit supply and bank profitability … profitability of German banks and their capacity to lend. With a NSFR-model that is partially calibrated against reported NSFRs, we …
Persistent link: https://www.econbiz.de/10012981489
charged already higher interest rates to their borrowers after controlling for other bank specific characteristics and general …
Persistent link: https://www.econbiz.de/10010310487
charged already higher interest rates to their borrowers after controlling for other bank specific characteristics and general …
Persistent link: https://www.econbiz.de/10012988824
and bank credit supply increases with pension cut legislation. Overall, the findings suggest states' budget cuts affect … bank values and credit supply through their municipal bond holdings. …
Persistent link: https://www.econbiz.de/10011341002
We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...
Persistent link: https://www.econbiz.de/10011341015
accounting, during their first (partial) year in charge, (2) incoming CEOs from outside the bank take a larger earnings bath than …
Persistent link: https://www.econbiz.de/10010332883
Banks in bad financial shape are more likely to appoint executive directors from the outside than those in good shape. It is, however, not clear whether all of these appointments necessarily lead to the desired turnaround. We analyze the performance effects of new board members with external...
Persistent link: https://www.econbiz.de/10011722807