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The effect of common ownership on profits : evidence from the U.S. banking industry
Gramlich, Jacob; Grundl, Serafin - 2018
Theory predicts that "common ownership" (ownership of rivals by a common shareholder) can be anticompetitive because it reduces the weight firms place on their own profits and shifts weight toward rival firms held by common shareholders. In this paper we use accounting data from the banking...
Persistent link: https://www.econbiz.de/10012016338
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Gender and Social Networks on Bank Boards
Owen, Ann L.; Temesvary, Judit; Wei, Andrew - 2021
We examine the effect of the social networks of bank directors on board gender diversity and compensation using a … are significant differences in the size and gender composition of social networks of male vs female bank directors. We … also find that samegender networks play an important role in determining the gender composition of bank boards. Finally, we …
Persistent link: https://www.econbiz.de/10013231946
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Bank Profitability and Debit Card Interchange Regulation : Bank Responses to the Durbin Amendment
Kay, Benjamin - 2014
The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 alters the competitive structure of the debit card payment processing industry and caps debit card interchange fees for banks with over $10 billion in assets. Market participants predicted that debit...
Persistent link: https://www.econbiz.de/10013046469
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Improving the 30-year fixed-rate mortgage
Passmore, Stuart Wayne; Haften, Alexander H. von - 2017 - Current draft 8/18/2017
The 30-year fixed-rate fully amortizing mortgage (or "traditional fixed-rate mortgage") was a substantial innovation when first developed during the Great Depression. However, it has three major flaws. First, because homeowner equity accumulates slowly during the first decade, homeowners are...
Persistent link: https://www.econbiz.de/10011802976
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The Effects of Geographic Expansion on Bank Efficiency
Berger, Allen N. - 2005
We assess the effects of geographic expansion on bank efficiency using cost and profit efficiency for over 7,000 U ….S. banks, 1993-1998. We find that parent organizations exercise some control over the efficiency of their affiliates, although … this control tends to dissipate with distance to the affiliate. However, on average, distance-related efficiency effects …
Persistent link: https://www.econbiz.de/10012737695
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Estimating the Competitive Effects of Common Ownership
Gramlich, Jacob; Grundl, Serafin - 2017
If managers maximize the payoffs of their shareholders rather than firm profits, then it may be anticompetitive for a shareholder to own competing firms. This is because a manager?s objective function may place weight on profits of competitors who are held by the same shareholder. Recent...
Persistent link: https://www.econbiz.de/10014122254
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Evidence for the effects of mergers on market power and efficiency
Blonigen, Bruce A.; Pierce, Justin R. - 2016
-level productivity. We also examine whether M&As increase efficiency through reallocation of production to more efficient plants or …
Persistent link: https://www.econbiz.de/10011578753
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Bank Profitability and Debit Card Interchange Regulation : Bank Responses to the Durbin Amendment
Kay, Benjamin S.; Manuszak, Mark D.; Vojtech, Cindy M. - 2017
The Durbin Amendment to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 alters the competitive structure of the debit card payment processing industry and caps debit card interchange fees for banks with over $10 billion in assets. Market participants predicted that debit...
Persistent link: https://www.econbiz.de/10014121044
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How Do Joint Supervisors Examine Financial Institutions? The Case of State Banks
Rezende, Marcelo - 2011
This paper studies what determines whether federal and state supervisors examine state banks independently or together. The results suggest that supervisors coordinate examinations in order to support states with lower budgets and capabilities and more banks to supervise. I find that states with...
Persistent link: https://www.econbiz.de/10013118649
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Credit Availability and the Collapse of the Banking Sector in the 1930s
Carlson, Mark A. - 2011
experience of the United States during the Great Depression, a period of intense bank distress, to conduct our analysis. We … availability as indicated by the survey. A number of scholars have posited different ways that bank distress constrained credit …. In this study, we find that bank failures had the most dominant impact, but there is also some evidence for the …
Persistent link: https://www.econbiz.de/10013118655