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The incidence of bank regulations and taxes on wages : evidence from US states
Goodspeed, Timothy J. - 2012
Banks and the financial sector have come under increased scrutiny since the 2008 financial crisis. Regulations concerning the banking sector have been re-written and there have been calls for increased taxation of banks (as companies) and the remuneration of bankers. In general, two sorts of...
Persistent link: https://www.econbiz.de/10009687296
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Small firms and domestic bank dependence in Europe's Great Recession
Hoffmann, Mathias; Maslov, Egor; Sørensen, Bent E. - 2019
Small businesses (SMEs) depend on banks for credit. We show that the severity of the Eurozone crisis was worse in …
Persistent link: https://www.econbiz.de/10012119808
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Tax vs. regulation policy and the location of financial sector FDI
Merz, Julia; Overesch, Michael; Wamser, Georg - 2015
This paper analyzes how corporate taxation and regulatory requirements affect the location of financial sector FDI. We use novel information on new financial services entities established by multinational firms in 83 host countries. We find a negative effect of host country taxes on the...
Persistent link: https://www.econbiz.de/10011334235
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Regulatory competition and multi-national banking
Dalen, Dag Morten; Olsen, Trond E. - 2003
This paper focuses on the consequences of cross-border banking and entry of multi-national banks (MNBs) for banking supervision and regulation. When a MNB expands internationally with subsidiaries, the MNB operates under the legislation of several countries - both the home country and the host...
Persistent link: https://www.econbiz.de/10011508005
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Cross-border banking in regulated markets : is financial integration desirable?
Haufler, Andreas; Wooton, Ian - 2016
We set up a two-country, regional model of trade in financial services. Competitive firms in each country manufacture untraded consumer goods in an uncertain productive environment, borrowing funds from a bank in either the home or the foreign market. Duopolistic banks can choose their levels of...
Persistent link: https://www.econbiz.de/10011554376
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Determinants of cross-border bank acquisitions in transition economies : a latent class analysis
Poghosyan, Tigran (contributor); Haan, Jakob de (contributor) - 2008
We analyze the microeconomic determinants of cross-border bank acquisitions in 16 transition economies over the period 1996-2006. By using a latent class discrete choice model we explicitly incorporate the macroeconomic and institutional heterogeneity of the transition economies into our...
Persistent link: https://www.econbiz.de/10003749434
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Consumption risk sharing over the business cycle : the role of small firms' access to credit markets
Hoffmann, Mathias; Stewen, Iryna - 2009
firms' access to credit markets plays an important role in explaining this stylized fact: business cycle fluctuations in … addition, better access of small firms to credit markets in the wake of state-level banking deregulation during the 1980s seems … better access to credit markets may have made it easier for the owners of small firms to smooth income in the face of adverse …
Persistent link: https://www.econbiz.de/10003807913
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Do leaders affect ethical conduct?
D'Adda, Giovanna; Darai, Donja; Weber, Roberto A. - 2014
We study whether leaders influence the unethical conduct of followers. To avoid selection issues present in natural environments, we use a laboratory experiment in which we form groups and assign leadership roles at random. We study an environment in which groups compete, with dishonest behavior...
Persistent link: https://www.econbiz.de/10010383805
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Incentive pay and bank risk-taking : evidence from Austrian, German, and Swiss banks
Efing, Matthias; Hau, Harald; Kampkötter, Patrick; … - 2014
We use payroll data on 1.2 million bank employee years in the Austrian, German, and Swiss banking sector to identify incentive pay in the critical banking segments of treasury/capital market management and investment banking for 66 banks. We document an economically significant correlation of...
Persistent link: https://www.econbiz.de/10010412865
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Rating assignments : lessons from international banks
Caporale, Guglielmo Maria; Matousek, Roman; Stewart, Chris - 2009
This paper estimates ordered logit and probit regression models for bank ratings which also include a country index to capture country-specific variation. The empirical findings provide support to the hypothesis that the individual international bank ratings assigned by Fitch Ratings are...
Persistent link: https://www.econbiz.de/10003832133