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Taming overconfident CEOs through stricter financial regulation
Kassner, Bernhard - 2023
paper shows that financial regulation can be effective at mitigating this type of risk. Exploiting regulatory changes … financial institutions subject to stricter regulation. Following the easing of these regulations, overconfidence-induced risk …-taking increases again. These findings confirm the effectiveness of financial regulation at correcting overconfident behavior, but also …
Persistent link: https://www.econbiz.de/10014477386
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System-wide and banks' internal stress tests : regulatory requirements and literature review
Pliszka, Kamil - 2021
This paper deals with both system-wide and banks' internal stress tests. For system-wide stress tests it describes the evolution over time, compares the stress test design in major jurisdictions, and discusses academic research. System-wide stress tests have gained in importance and nowadays...
Persistent link: https://www.econbiz.de/10012534563
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Asset encumbrance, bank funding and financial fragility
Ahnert, Toni; Anand, Kartik; Gai, Prasanna; Chapman, James - 2016
How does asset encumbrance affect the fragility of intermediaries subject to rollover risk? We offer a model in which a bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses. Encumbering assets allows a bank to raise cheap secured debt...
Persistent link: https://www.econbiz.de/10011486236
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Alternative user costs, rates of return and TFP growth rates for the US nonfinancial corporate and noncorporate business sectors : 1960-2014
Diewert, Walter E.; Fox, Kevin J. - 2016
Persistent link: https://www.econbiz.de/10011575033
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Will German banks earn their cost of capital?
Dombret, Andreas R.; Gündüz, Yalın; Rocholl, Jörg - 2017
In recent years, the German banking sector has overcome major challenges such as the global financial crisis and the European debt crisis. This paper analyses a recent development as a particular determinant of the future outlook for the German banking sector. Interest rates are at historically...
Persistent link: https://www.econbiz.de/10011589380
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Offshoring and the polarisation of the demand for capital
Bursian, Dirk; Nagengast, Arne J. - 2018
While there is a consensus in the literature that offshoring has a polarising effect on the skill structure of labour demand, little is known about its impact on the capital side. In this paper, we analyse the effect of offshoring on the demand for capital by asset class using a rich...
Persistent link: https://www.econbiz.de/10011864781
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Barriers and the transition to modern growth
Ngai, L. Rachel (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001928582
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Stress testing German banks against a global cost-of-capital shock
Düllmann, Klaus; Kick, Thomas - 2012
This paper introduces a stress test of the corporate credit portfolios of 24 large German banks by a two-stage approach: First, a macro-econometric model is used to forecast the impact of a substantial increase of the user cost of business capital for firms worldwide on three particularly...
Persistent link: https://www.econbiz.de/10009509091
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The user cost of capital with imperfect loss offset taxes
Mintz, Jack M. - 1983
Persistent link: https://www.econbiz.de/10003095373
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Taxation, inflation and the user cost of capital in Canada
Boadway, Robin; Bruce, Neil; Mintz, Jack - 1982
Persistent link: https://www.econbiz.de/10003495848