, why commercial bank leverage has tended to increase over time and why large banks tend to have relatively less capital …

labor supply in response to productivity shocks. Bank market integration thus contributes to a moderation of firm-level and …

This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United … States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank …

-rated tranches were economically trivial for the typical bank, but banks with greater holdings performed more poorly during the …-rated tranches are not higher for banks with large trading books in regressions that control for bank size. The ratio of highly …-rated tranches holdings to assets increases with bank assets, but not for banks with more than $50 billion of assets. This evidence …

how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and …

representatives on corporate boards. If a banking relationship is a substitute for the stock market, then interaction with a bank … monopolistic control over access to external capital markets, then bank interests may conflict with those of other equityholders … structure of the firms' equity. We test for conflicts-of-interest in bank behavior and ask whether the relationship between …

We investigate whether a bank's performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank's poor experience in a crisis is tied to aspects of its business model that are persistent …

the effect of a state's interstate banking regulation on the level and structure of bank CEO compensation. Using panel …