This paper analyzes the systemic risk effects of bank mergers to test the “concentration-fragility” hypothesis. We use … the marginal expected shortfall as well as the lower tail dependence between a bank’s stock returns and a relevant bank … merging banks’, the combined banks’ as well as their competitors’ contribution to systemic risk following mergers, thus …

We analyze the takeover premiums paid for a sample of domestic and cross-border bank takeovers in the European Union … strength of bank regulation and supervision as well as deposit insurance regimes in Europe have measurable effects on takeover … pricing. Stricter bank regulatory regimes and stronger deposit insurance schemes lower the takeover premiums paid by acquiring …

after controlling for bank-specific and market risk factors. Large banks on average pay 80 basis points and 70 basis points …We employ a comprehensive data set and a variety of methods to provide evidence on the magnitude of large banks … the Canadian banks. The banking sector in Canada provides a unique setting in which to examine market discipline along …

presence of a chief risk officer (CRO) in a bank’s executive board and whether the CRO reports to the CEO or directly to the … board of directors, are associated with a better bank performance during the financial crisis of 2007/2008. We measure bank …, board size, and board independence. Most importantly, our results indicate that banks, in which the CRO directly reports to …

associated with bank risk for banks with long board tenure, more female audit committee members, or large size audit committees …This study examines whether audit committee effectiveness affects bank risk-taking and risk management effectiveness …. We find that banks with long board tenure audit committees have lower total risk and idiosyncratic risk, and banks with …

We formulate and test hypotheses about the role of bank type – small versus large, single-market versus multimarket …, and local versus nonlocal banks – in banking relationships. The conventional paradigm suggests that “community banks … Survey of Small Business Finance (SSBF), we conduct two sets of tests. First, we test for the type of bank serving as the …

Earlier studies have documented that foreign banks charge lower lending rates and interest spreads than domestic banks … thanks to a novel dataset containing detailed bank-specific information for the Polish banking industry. Our findings … demonstrate that banks differ significantly in terms of portfolio composition and we attest to the “portfolio composition …

2007. The decline is coincident with a rise in bank equity share prices, decrease in transparent asset holdings by banks …We examine the effects of opacity on bank valuation and synchronicity in bank equity returns over the years 2000 …

Bank payouts divert cash to shareholders, while leaving behind riskier and less liquid assets to repay debt holders in … the future. Bank payouts, therefore, constitute a type of risk-shifting that benefits equity holders at the expense of … pensions and deferred compensation) impact bank payout policy in a manner that protects debt holder interests. We show that …

whether the targets in cross-border bank M&As are materially different from those banks targeted in domestic M&A deals. The … main message of this paper is that, with few exceptions, domestic and foreign investors target similar banks. In particular …, and contrary to what one might expect, bank size does not have a different effect on the probability of being a domestic …