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Why does fast loan growth predict poor performance for banks?

Fahlenbrach, Rüdiger; Prilmeier, Robert; Stulz, René M. - 2016

From 1973 to 2014, the common stock of U.S. banks with loan growth in the top quartile of banks over a three-year period significantly underperforms the common stock of banks with loan growth in the bottom quartile over the next three years. The benchmark-adjusted cumulative difference in...

Persistent link: https://www.econbiz.de/10011516043

This time is the same : using bank performance in 1998 to explain bank performance during the recent financial crisis

Fahlenbrach, Rüdiger; Prilmeier, Robert; Stulz, René M. - 2011

We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank’s poor experience in a crisis is tied to aspects of its business model that are persistent …

Persistent link: https://www.econbiz.de/10009240510

Why did some banks perform better during the credit crisis? : a cross-country study of the impact of governance and regulation

Beltratti, Andrea; Stulz, René M. - 2009

Persistent link: https://www.econbiz.de/10003862255

Is the U.S. public corporation in trouble?

DeAngelo, Harry; Stulz, René M. - 2017

We examine the current state of the U.S. public corporation and how it has evolved over the last 40 years. After falling by 50 percent since its peak in 1997, the number of public corporations is now smaller than 40 years ago. These corporations are now much larger and over the last twenty years...

Persistent link: https://www.econbiz.de/10011962211

Is the U.S. public corporation in trouble?

Zhang, Shaojun - 2016

Limited stock market participation can potentially explain the disconnect between international asset prices and macro quantities. An incomplete markets model in which risk sharing for stockholders is high, generates highly correlated equity returns and relatively smooth exchange rates. Risk...

Persistent link: https://www.econbiz.de/10011962216

Why does idiosyncratic risk increase with market risk?

Bartram, Söhnke M.; Brown, Gregory W.; Stulz, René M. - 2016

From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive relation between IR and MR is highly stable through time and is robust across exchanges, firm size, liquidity, and market-to-book groupings. Though stock liquidity affects the...

Persistent link: https://www.econbiz.de/10011962224

Why has idiosyncratic risk been historically low in recent years?

Bartram, Söhnke M.; Brown, Gregory W.; Stulz, René M. - 2018

Since 1965, average idiosyncratic risk (IR) has never been lower than in recent years. In contrast to the high IR in the late 1990s that has drawn considerable attention in the literature, average market-model IR is 44% lower in 2013-2017 than in 1996-2000. Macroeconomic variables help explain...

Persistent link: https://www.econbiz.de/10011969105

Investor misperceptions of balance sheet information : net operating assets and the sustainability of financial performance

Hirshleifer, David; Hou, Kewei; Teoh, Siew Hong; Zhang, … - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001755548

Debt, debt structure and corporate performance after unsuccessful takeovers : evidence from targets that remain independent

Jandik, Tomas (contributor); Makhija, Anil K. (contributor) - 2004

Persistent link: https://www.econbiz.de/10002660177

Founder-CEOs and stock market performance

Fahlenbrach, Rüdiger (contributor) - 2004 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10002453106