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The effects of big-bank presence on the profit efficiency of small banks in rural markets
Cyree, Ken B.; Spurlin, W. Paul - In: Journal of Banking & Finance 36 (2012) 9, pp. 2593-2603
Because big banks could impact competition in rural markets, we investigate the effects of big-bank presence on the performance of rural, small banks. When competing against a big bank, rural one-county banks operate at lower levels of proit efficiency, but with higher ROA and increased levels...
Persistent link: https://www.econbiz.de/10010599671
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Schumpeterian competition and efficiency among commercial banks
Duygun, Meryem; Sena, Vania; Shaban, Mohamed - In: Journal of Banking & Finance 37 (2013) 12, pp. 5176-5185
In this paper, we aim to fill the gap in the banking literature by quantifying the impact that the Schumpeterian competition mode – i.e. competition through the launch of new products (or new varieties of products) – has on the cost and profit efficiency of a sample of commercial banks based...
Persistent link: https://www.econbiz.de/10010709469
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Competition and innovation: Evidence from financial services
Bos, Jaap W.B.; Kolari, James W.; Lamoen, Ryan C.R. van - In: Journal of Banking & Finance 37 (2013) 5, pp. 1590-1601
This paper presents new evidence on the relationship between competition and innovation by extending previous literature from manufacturing to financial services. We introduce a new measure of overall innovation by estimating and enveloping annual minimum cost frontiers to create a global...
Persistent link: https://www.econbiz.de/10010662594
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Transparency in IPO mechanism: Retail investors’ participation, IPO pricing and returns
Neupane, Suman; Poshakwale, Sunil S. - In: Journal of Banking & Finance 36 (2012) 7, pp. 2064-2076
on IPO pricing and the returns they make on IPO investment. The transparency in the mechanism, which allows investors to …
Persistent link: https://www.econbiz.de/10010577984
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Guarantees, transparency and the interdependency between sovereign and bank default risk
König, Philipp; Anand, Kartik; Heinemann, Frank - In: Journal of Banking & Finance 45 (2014) C, pp. 321-337
promote greater balance sheet transparency. …
Persistent link: https://www.econbiz.de/10011065596
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Firm value in crisis: Effects of firm-level transparency and country-level institutions
Enikolopov, Ruben; Petrova, Maria; Stepanov, Sergey - In: Journal of Banking & Finance 46 (2014) C, pp. 72-84
–2009 was more sensitive to firm-level transparency in countries with stronger investor protection. We propose a theoretical …
Persistent link: https://www.econbiz.de/10011065729
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Subscribing to transparency
He, Yinghua; Nielsson, Ulf; Guo, Hong; Yang, Jiong - In: Journal of Banking & Finance 44 (2014) C, pp. 189-206
The paper empirically explores how more trade transparency affects market liquidity. The analysis takes advantage of a … unique setting in which the Shanghai Stock Exchange offered more trade transparency to market participants subscribing to a … more transparency need not improve market liquidity. Second, the paper finds a particularly strong immediate liquidity …
Persistent link: https://www.econbiz.de/10010785398
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Firm quality or market sentiment: What matters more for IPO investors?
Neupane, Suman; Paudyal, Krishna; Thapa, Chandra - In: Journal of Banking & Finance 44 (2014) C, pp. 207-218
This paper investigates the investment decisions of IPO investors when equipped with information on both the quality of the firm and the market sentiment. Unique regulatory provisions allow IPO investors in India to have access to the independent assessment of firm quality and information on the...
Persistent link: https://www.econbiz.de/10010785403
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Does information sharing reduce the role of collateral as a screening device?
Karapetyan, Artashes; Stacescu, Bogdan - In: Journal of Banking & Finance 43 (2014) C, pp. 48-57
Information sharing and collateral are both devices that help banks reduce the cost of adverse selection. We examine whether they are likely to be used as substitutes (information sharing reduces the need for collateral) or complements. We show that information sharing via a credit bureaus and...
Persistent link: https://www.econbiz.de/10010875298
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Do banks really monitor? Evidence from CEO succession decisions
Marshall, Andrew; McCann, Laura; McColgan, Patrick - In: Journal of Banking & Finance 46 (2014) C, pp. 118-131
We demonstrate that banks play an important monitoring role in CEO succession that is not observed for other types of lenders, particularly public bondholders. There is a stronger relation between cash flow performance and forced CEO turnover for firms issuing bank debt during the year of CEO...
Persistent link: https://www.econbiz.de/10010907097