Showing 1 - 10 of 175
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast … to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and … other asset classes generally underperform after banking crises. While prices are depressed during crises and partially …
Persistent link: https://www.econbiz.de/10012518234
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012418825
tests to establish the link between competition and measures of profit efficiency in banking, and find that competition …
Persistent link: https://www.econbiz.de/10003789457
and trends in the euro area banking sector in terms of the degree of homogeneity of countries. We find that in the period … 1998-2004 the banking sectors in the euro area countries seem to have become somewhat more homogeneous, although the …
Persistent link: https://www.econbiz.de/10003337152
seem to matter a great deal. -- Relationship banking ; bank organization ; bank origin ; loan announcement return …
Persistent link: https://www.econbiz.de/10003832012
market overlap, the decline is much smaller when there is a significant increase in local banking market concentration …
Persistent link: https://www.econbiz.de/10003790938
In this paper the probability of informed trading (PIN) model developed by Easley and O'Hara (1992) is applied to analyze the role and impact of heterogeneities in euro overnight unsecured market. The empirical assessment of the functioning of this market is based on the PIN which measures the...
Persistent link: https://www.econbiz.de/10003826076
This paper is the first that applies a new measure of competition, the Boone indicator, to the banking industry. This … competition can consider the entire banking market only. A caveat of the Boone-indicator may be that it assumes that banks …
Persistent link: https://www.econbiz.de/10003484173
to be associated with a build-up of foreign positions by the banking sector, but this adverse effect on the banking …
Persistent link: https://www.econbiz.de/10003456418
We combine the dynamic dividend-discount model with an accounting-based vector autoregression framework that allows for a decomposition of EU banks.stock returns to cash-flow and expected return news components. The main findings are that while the bulk of the variability of EU banks.stock...
Persistent link: https://www.econbiz.de/10003375090