Showing 1 - 10 of 24
reinforcing effects? The authors relate bank efficiency to shortfalls from a stochastic risk/return frontier. They analyze how … Turkish banks. The 2000 financial crisis was a wake-up call for bank efficiency and corporate governance. As a result, better … environments are more stable and bank products are more complex …
Persistent link: https://www.econbiz.de/10013092081
dependency between bank leverage and risk. Using a large international sample of banks this paper estimates the short and long … run effects of corporate income taxes (CIT) on bank capital structure and portfolio risk accounting for their simultaneous … in bank leverage and a 2-7 percentage point reduction in the average risk-weight of assets. While the estimated overall …
Persistent link: https://www.econbiz.de/10013071864
This paper reexamines the classical issue of the possible trade-offs between banking competition and financial stability by highlighting different types of risk and the role of leverage. By means of a simple model we show that competition can affect portfolio risk, insolvency risk, liquidity...
Persistent link: https://www.econbiz.de/10012904750
capitalization ratios of small US bank holding companies (BHCs) are substantially lower than the reported ratios. Empirical evidence … deductions for investments in minority-owned affiliates. These findings have important implications for the regulation of bank …
Persistent link: https://www.econbiz.de/10012965153
Shocks to bank lending, risk-taking and securitization activities that are orthogonal to real economy and monetary … type of shock. Expansionary securitization shocks lead to a permanent rise in real GDP and a fall in inflation. Bank … using a model of bank risk-taking and securitization …
Persistent link: https://www.econbiz.de/10013058143
This paper develops and tests a conceptual framework on the relationships between competition, time horizon and corporate social performance (CSP). We hypothesize that more intense competition discourages CSP by lowering the time horizon of companies. We test the hypothesis on a sample of 4696...
Persistent link: https://www.econbiz.de/10013073315
In the corporate finance tradition starting with Berle & Means (1923), corporations should generally be run so as to maximize shareholder value. The agency view of corporate social responsibility (CSR) generally considers CSR as a managerial agency problem and a waste of corporate resources,...
Persistent link: https://www.econbiz.de/10013050035
We study investor activism promoting environmental, social and governance (ESG) improvements using a proprietary dataset. Targets have a higher market share, analyst coverage, stock returns, and liquidity. The engagements lead to ESG rating adjustments. Activism is more likely to succeed when...
Persistent link: https://www.econbiz.de/10012933879
We investigate the roles of legal origins and political institutions – believed to be the fundamental determinants of economic outcomes – in corporate social responsibility (CSR). We argue that CSR is an essential path to economic sustainability, and document strong correlations between...
Persistent link: https://www.econbiz.de/10013061652
We investigate the roles of legal origins and political institutions – believed to be the fundamental determinants of economic outcomes – in corporate social responsibility (CSR). We argue that CSR is an essential path to economic sustainability, and document strong correlations between...
Persistent link: https://www.econbiz.de/10013061986