The aim of this paper is to investigate the long run relationship between the development of banks and stock markets … as evidence supporting the significance of financial development for economic development although banks and stock …

Countries differ on the extent to which their financial system relies on banks or on the financial market. We offer a …

Parliament) and aristocratic titles (e.g., lords)--on the boards of directors of English and Welsh banks from 1879 - 1909 to …

core. The estimated model matches four facts about banks' Tobin's Q that summarize bank leverage dynamics. (1) Book and … nor market leverage constraints are binding for most banks; (4) bank leverage and Tobin's Q are mean reverting but highly …

a difference-in-difference setting in which private domestic banks serve as the treatment group and state and foreign …-owned banks, whose deposit insurance regime does not change, serve as a control group. …

We study an environment where the capital structure of banks and firms are jointly determined in equilibrium, so as to … assets held by firms and banks is determined by the technology choices by firms and the portfolio diversification choices by … banks. We show competitive equilibria are efficient and the equilibrium level of leverage in banks and firms depend on the …

traditional banks to modernize their core business activities. Banks attempt to confront the challenges of digitalization by … banks to form alliances with fintechs. Furthermore, we analyze whether such bank-fintech alliances affect the market … valuation of banks. We provide descriptive evidence on the different forms of alliances occurring in practice. Using hand …

us to construct a new and better financial development index which measures the level of loans extended by banks to …

Using hand-collected data spanning more than a decade on European banks' sovereign debt portfolios, we show that the … subsidiaries for several reasons, including banks' tendency to hire internally across borders for high-level managerial positions … that differs across banks headquartered in the same country, at the same point in time, with regard to the same target …