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SME financing and the choice of lending technology in Italy: Complementarity or substitutability?

Bartoli, Francesca; Ferri, Giovanni; Murro, Pierluigi; … - In: Journal of Banking & Finance 37 (2013) 12, pp. 5476-5485

This paper investigates SME financing in Italy. The literature distinguishes between two main different lending technologies (LTs) for SMEs: transactional and relationship LTs. We find that banks lend to SMEs by using both LTs together, independently of the size and proximity of borrowers....

Persistent link: https://www.econbiz.de/10010709470

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 …’s technology gap, which decreases if the bank manages to innovate. Our innovation measure enables us to derive and estimate the …

Persistent link: https://www.econbiz.de/10010662594

Impact of the financial crisis on bank run risk – Danger of the days after

Goedde-Menke, Michael; Langer, Thomas; Pfingsten, Andreas - In: Journal of Banking & Finance 40 (2014) C, pp. 522-533

We examine the developments of depositor knowledge, attitudes, and behavior throughout the recent financial crisis and discuss their impact on bank run risk. Based on a self-collected data set surveying depositors before (2007), at (2008), and after the peak of the crisis (2009), we observe a...

Persistent link: https://www.econbiz.de/10010738288

A theoretical model of bank lending: Does ownership matter in times of crisis?

Brei, Michael; Schclarek, Alfredo - In: Journal of Banking & Finance 50 (2015) C, pp. 298-307

The present study investigates theoretically the lending responses of government-owned and private banks in the event of unexpected financial shocks. Our model predicts that public banks provide more loans to the real sector during times of crisis, compared to private banks which cut down on...

Persistent link: https://www.econbiz.de/10011118096

The performance of banks around the receipt and repayment of TARP funds: Over-achievers versus under-achievers

Cornett, Marcia Millon; Li, Lei; Tehranian, Hassan - In: Journal of Banking & Finance 37 (2013) 3, pp. 730-746

In this paper, we look at how the pre-crisis health of banks is related to the probability of receiving and repaying TARP capital. We find that financial performance characteristics that are related to the probability of receiving TARP funds differ for the healthiest (“over-achiever”) versus...

Persistent link: https://www.econbiz.de/10011065566

Market concentration and the likelihood of financial crises

Bretschger, Lucas; Kappel, Vivien; Werner, Therese - In: Journal of Banking & Finance 36 (2012) 12, pp. 3336-3345

According to theory, market concentration affects the likelihood of a financial crisis in different ways. The “concentration-stability” and the “concentration-fragility” hypotheses suggest opposing effects operating through specific channels. Using data of 160 countries for the period...

Persistent link: https://www.econbiz.de/10011065642

Safety-net benefits conferred on difficult-to-fail-and-unwind banks in the US and EU before and during the great recession

Carbó-Valverde, Santiago; Kane, Edward J.; … - In: Journal of Banking & Finance 37 (2013) 6, pp. 1845-1859

This paper investigates the links between regulatory arbitrage, financial instability, and taxpayer loss exposures. We model and estimate ex ante safety-net benefits from increased leverage and asset volatility at a sample of large banks in US and Europe during 2003–2008. Hypothesis tests...

Persistent link: https://www.econbiz.de/10011065693

Risk management, corporate governance, and bank performance in the financial crisis

Aebi, Vincent; Sabato, Gabriele; Schmid, Markus - In: Journal of Banking & Finance 36 (2012) 12, pp. 3213-3226

The recent financial crisis has raised several questions with respect to the corporate governance of financial institutions. This paper investigates whether risk management-related corporate governance mechanisms, such as for example the presence of a chief risk officer (CRO) in a bank’s...

Persistent link: https://www.econbiz.de/10010580915

Credit risk transfer in U.S. commercial banks: What changed during the 2007–2009 crisis?

Bedendo, Mascia; Bruno, Brunella - In: Journal of Banking & Finance 36 (2012) 12, pp. 3260-3273

Following the debate on the role of credit risk transfer (CRT) in exacerbating the 2007–2009 crisis, this paper investigates the usage and effects of loan sales, securitization, and credit derivatives in U.S. commercial banks over the last decade, with special emphasis on the financial crisis....

Persistent link: https://www.econbiz.de/10010580925

A perspective on the symptoms and causes of the financial crisis

Cabral, Ricardo - In: Journal of Banking & Finance 37 (2013) 1, pp. 103-117

Prior to the 2007–2008 financial crisis, banking sector profits were very high but the profitability of financial intermediation was poor. Using a novel model of banking, this article argues that the high profits were achieved through balance sheet expansion and growing default, liquidity, and...

Persistent link: https://www.econbiz.de/10010591916

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