Bank holding companies (BHCs) can be complex organizations, conducting multiple lines of business through many distinct … legal entities and across a range of geographies. While such complexity raises the costs of bank resolution when …, liquidity management, and synergy improvements that reduce risk. The outcomes of such trade-offs may depend on bank governance …

Although bank capital regulation permits a bank to choose freely between equity and subordinated debt to meet capital …

riskier projects. We also investigate whether granting employee stock options reduces the bank's incentive to borrow while … inducing a buildup of regulatory capital. Using a sample of 549 bank-years for publicly traded banks from 1992 to 2002, we find … some evidence that the bank's equity volatility (total as well as residual) and asset volatility increase as CEO stock …

This paper examines the relationship between the amount of information disclosed by bank holding companies (BHCs) and …

of bank complexity. Yet, surprisingly little is known about changes in complexity across countries, its drivers, and its …

explaining banks' market values. In this paper we present a model of a bank with fixed-rate deposit insurance that faces … increasing competition that erodes its charter value. When under these conditions the bank chooses its capital to maximize …

of bank regulatory capital. Our results show that following Basel I, undrawn fees and all-in-drawn credit spreads on …