do not minimize costs. We then apply this test to large banks in Japan. Consistent with the ES hypothesis, we find that … more efficient banks become larger. We also find that market concentration reduces banks’ efficiency, which supports the … quiet-life hypothesis. These findings imply that there is an intriguing growth–efficiency dynamic throughout banks’ life …

efficiency of a sample of commercial banks based in the United Kingdom. We estimate both a cost and an alternative profit … frontier on an unbalanced panel of UK commercial banks over the period 2001–2012. The intensity of competition through product … all the commercial banks – net of the trademarks registered by the bank under observation – and the employment in the …

payouts occur through a decrease in both dividends and repurchases. Our results also hold over a subsample of TARP banks where … the interests of CEOs with those of creditors, regulators, and in the case of TARP banks, the taxpayer. …

financial performance. We also find that the voting power of bank’s controlling shareholder is positively related to the … borrower concentration. The evidence is consistent with the view that controlling shareholders divert resources away from banks …

2007. The decline is coincident with a rise in bank equity share prices, decrease in transparent asset holdings by banks …

We investigate the liquidity management of 62 Dutch banks between January 2004 and March 2010, when these banks were … subject to a liquidity regulation that is very similar to Basel III’s Liquidity Coverage Ratio (LCR). We find that most banks … the regulation. More solvent banks hold fewer liquid assets against their stock of liquid liabilities, suggesting an …

. We find that banks with long board tenure audit committees have lower total risk and idiosyncratic risk, and banks with … associated with bank risk for banks with long board tenure, more female audit committee members, or large size audit committees … than for other banks, consistent with the notion that audit committee effectiveness may increase risk management …

traditional, diversified and non-traditional banks. In a sample of European banks, I find that management ownership has a positive … impact on profitability in non-traditional banks, whereas board ownership has a positive impact on profitability in … traditional banks. These findings indicate that management ownership is important in opaque banks, which are difficult to monitor …

between 1997 and 2007. We find that acquiring banks value profitable, high-growth and low risk targets. We also find that the … banks. This result, presumably in anticipation of higher compliance costs, is driven by domestic deals. Similar qualitative …