We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and …

greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks-and hence the …

This paper addresses the trade-off between additional loss-absorbing capacity and potentially higher bank risk …

This paper evaluates the impact of the March 2020 European Central Bank recommendation that banks do not pay dividends … or buy back shares on their market values. It documents a causal negative impact on bank share prices of around 7% during …

trends. When shocks hit their pro ts, banks tend to adjust retained earnings to smooth dividends. This generates bank equity …

gambling for resurrection, the risk-taking is driven by large and less profitable banks. The net impact on bank probabilities …

cannot completely remove the need for Lender of Last Resort (LOLR) interventions by the central bank. Full compliance with …

We study the effect of changes to bank-specific capital requirements on mortgage loan supply with a new loan … capital requirements leads to a 5.4% decline in individual loan size by bank. Loans issued by competing banks rise by roughly …. No evidence for credit substitution of non-bank finance companies is found. …