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The Great Pyramids of America : A Revised History of Us Business Groups, Corporate Ownership and Regulation, 1930-1950
Kandel, Eugene - 2013
Most listed firms are freestanding in the U.S, while listed firms in other countries often belong to business groups: lasting structures in which listed firms control other listed firms. Hand-collected historical data illuminate how the present ownership structure of the United States arose: (1)...
Persistent link: https://www.econbiz.de/10013071909
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Why Did Some Banks Perform Better During the Credit Crisis? A Cross-Country Study of the Impact of Governance and Regulation
Beltratti, Andrea - 2010
-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …
Persistent link: https://www.econbiz.de/10013151816
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Ethical Foundations of Financial Regulation
Kane, Edward J. - 2008
Regulation consists of rulemaking and enforcement. Economic theory offers two complementary rationales for regulating … arise in multi- party relationships and that regulation introduces opportunities to impose rules that enhance the welfare of … discretion and choose actions for the common good. Agency-cost theories portray regulation as a way to raise the quality of …
Persistent link: https://www.econbiz.de/10012774887
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Using Deferred Compensation to Strengthen the Ethicsof Financial Regulation
Kane, Edward J. - 2001
Defects in the corporate governance of government-owned enterprises tempt opportunistic officials to breach duties of public stewardship. Corporate-governance theory suggests that incentive-based deferred compensation could intensify the force that common-law duties actually exert on regulatory...
Persistent link: https://www.econbiz.de/10012787637
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Governance, Risk Management, and Risk-Taking in Banks
Stulz, René M. - 2014
This paper examines how governance and risk management affect risk-taking in banks. It distinguishes between good risks, which are risks that have an ex ante private reward for the bank on a stand-alone basis, and bad risks, which do not have such a reward. A well-governed bank takes the amount...
Persistent link: https://www.econbiz.de/10013051309
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Sustainable Shadow Banking
Ordoñez, Guillermo - 2013
Commercial banks are subject to regulation that restricts their investments. When banks are concerned for their … regulation has the potential to improve welfare. Still, reputation concerns depend on future economic prospects and may suddenly … a combination of traditional regulation and cross reputation subsidization may enhance shadow banking and make it more …
Persistent link: https://www.econbiz.de/10013082416
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Do Strict Capital Requirements Raise the Cost of Capital? Banking Regulation and the Low Risk Anomaly
Baker, Malcolm P. - 2013
Minimum capital requirements are a central tool of banking regulation. Setting them balances a number of factors …
Persistent link: https://www.econbiz.de/10013082423
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Does "Skin in the Game" Reduce Risk Taking? Leverage, Liability and the Long-Run Consequences of New Deal Banking Reforms
Mitchener, Kris James - 2013
regulation, and increased capital requirements, shifting the onus of risk management from bankers to state and federal regulators …
Persistent link: https://www.econbiz.de/10013085120
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What We Learn from China's Rising Shadow Banking : Exploring the Nexus of Monetary Tightening and Banks' Role in Entrusted Lending
Chen, Kaiji - 2016
We argue that China's rising shadow banking was inextricably linked to potential balance-sheet risks in the banking system. We substantiate this argument with three didactic findings: (1) commercial banks in general were prone to engage in channeling risky entrusted loans; (2) shadow banking...
Persistent link: https://www.econbiz.de/10013001204
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Banking on the Boom, Tripped by the Bust : Banks and the World War I Agricultural Price Shock
Jaremski, Matthew - 2018
; ii) the impact of regulation; and iii) how bank closures exacerbated the post-war bust. The boom encouraged new bank …
Persistent link: https://www.econbiz.de/10012909502