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The Flattening Firm and Product Market Competition : The Effect of Trade Liberalization

Guadalupe, Maria - 2014

This paper establishes a causal effect of competition from trade liberalization on various characteristics of organizational design. We exploit a unique panel dataset on firm hierarchies (1986-1999) of large U.S. firms and find that increasing competition leads firms to become flatter, i.e., (i)...

Persistent link: https://www.econbiz.de/10012751125

Financial integration of GCC banking markets : a non-parametric bootstrap DEA estimation approach

Maghyereh, Aktham I.; Awartani, Basel - In: Research in international business and finance 26 (2012) 2, pp. 181-195

Persistent link: https://www.econbiz.de/10009618266

Impact of policy changes on the efficiency and returns-to-scale of Japanese financial institutions : an evaluation

Azad, A. S. M. Sohel; Yasushi, Suzuki; Fang, Victor; … - In: Research in international business and finance 32 (2014), pp. 159-171

Persistent link: https://www.econbiz.de/10010434465

Banking Deregulations, Financing Constraints, and Firm Entry Size

Kerr, William - 2014

We examine the effect of US branch banking deregulations on the entry size of new firms using micro-data from the US Census Bureau. We find that the average entry size for startups did not change following the deregulations. However, among firms that survived at least four years, a greater...

Persistent link: https://www.econbiz.de/10013070600

Risky Investments with Limited Commitment

Cooley, Thomas F. - 2013

Over the last three decades there has been a dramatic increase in the size of the financial sector and in the compensation of financial executives. This increase has been associated with greater risk-taking and the use of more complex financial instruments. Parallel to this trend, the...

Persistent link: https://www.econbiz.de/10013073564

Liquidity Rules and Credit Booms

Hachem, Kinda - 2016

We show that stricter bank liquidity standards can trigger unintended credit booms when there is heterogeneity in …

Persistent link: https://www.econbiz.de/10013001209

Branch Banking, Bank Competition, and Financial Stability

Carlson, Mark A. - 2005

It is often argued that branching stabilizes banking systems by facilitating diversification of bank portfolios … quantitatively more important than geographical diversification for bank stability in the 1920s and 1930s …

Persistent link: https://www.econbiz.de/10012784687

A New Metric for Banking Integration in Europe

Gropp, Reint - 2010

taking place for retail banking. Data on cross-border retail bank flows, cross-border bank mergers and the law of one price … reveal no evidence of integration in retail banking. This paper shows that the previous tests of bank integration are weak in … that they are not based on an equilibrium concept and are neither necessary nor sufficient statistics for bank integration …

Persistent link: https://www.econbiz.de/10012757853

Basel Ii : A Contracting Perspective

Kane, Edward J. - 2010

Financial safety nets are incomplete social contracts that assign responsibility to various economic sectors for preventing, detecting, and paying for potentially crippling losses at financial institutions. This paper uses the theories of incomplete contracts and sequential bargaining to...

Persistent link: https://www.econbiz.de/10012760523

Bank Trading Risk and Systemic Risk

Jorion, Philippe - 2010

This paper provides an empirical analysis of the risk of trading revenues of U.S. commercial banks. We collect quarterly data on trading revenues, broken down by business line, as well as the Value at Risk-based market risk charge. The overall picture from these preliminary results is that there...

Persistent link: https://www.econbiz.de/10012762521