Similar Search Results

Why Did Some Banks Perform Better during the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation

Beltratti, Andrea - 2010

Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …

Persistent link: https://www.econbiz.de/10013152303

Did capital requirements and fair value accounting spark fire sales in distressed mortgage-backed securities?

Merrill, Craig B.; Nadauld, Taylor D.; Stulz, René M.; … - 2012

Much attention has been paid to the large decreases in value of non-agency residential mortgage-backed securities (RMBS) during the financial crisis. Many observers have argued that the fall in prices was partly driven by decreased liquidity and fire sales. We investigate whether capital...

Persistent link: https://www.econbiz.de/10009625918

Is there a US high cash holdings puzzle after the financial crisis?

Pinkowitz, Lee; Stulz, René M.; Williamson, Rohan - 2013

Defining normal cash holdings as the holdings a firm with the same characteristics would have had in the late 1990s, we find that the average abnormal cash holdings of U.S. firms after the financial crisis amount to 10% of cash holdings, which represents an 87% increase in abnormal cash holdings...

Persistent link: https://www.econbiz.de/10009782423