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Universal banks and corporate control : evidence from the global syndicated loan market
Ferreira, Miguel A.; Matos, Pedro - 2009
stakes or institutional holdings. We investigate the effects of these bank-firm governance links on the global syndicated … the endogeneity of the bank-firm governance link. Our findings suggest that the benefits of bank involvement in firms …
Persistent link: https://www.econbiz.de/10003867057
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Organisational structure as a driver of mergers and acquisitions in the European banking sector
Lebastard, Laura - 2022
This paper studies the bilateral drivers of mergers and acquisitions (M&As) between European banks. Two findings document that banks use M&A as a device to leverage their expertise rather than to diversify. (i) Following the literature on matrimonial matching by using a binary logit model, the...
Persistent link: https://www.econbiz.de/10013265942
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Financial exposure and bank mergers : micro and macro evidence from the EU
Lebastard, Laura - 2022
This paper studies for the first time the links between interbank liability and equity markets (financial exposure), and mergers and acquisitions (M&As) in the European banking sector, both at the micro and macro level. Using a binary logit model, the paper first examines - at the micro level -...
Persistent link: https://www.econbiz.de/10013367631
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The price of liquidity : the effects of market conditions and bank characteristics
Fecht, Falko; Nyborg, Kjell G.; Rocholl, Jörg - 2011
We study the prices that individual banks pay for liquidity (captured by borrowing rates in repos with the central bank … and benchmarked by the overnight index swap) as a function of market conditions and bank characteristics. These prices …
Persistent link: https://www.econbiz.de/10009380429
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Shock amplification in an interconnected financial system of banks and investment funds
Sydow, Matthias; Schilte, Aurore; Covi, Giovanni; … - 2021
This paper shows how the combined endogenous reaction of banks and investment funds to an exogenous shock can amplify or dampen losses to the financial system compared to results from single-sector stress testing models. We build a new model of contagion propagation using a very large and...
Persistent link: https://www.econbiz.de/10012603035
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Gender diversity in bank boardrooms and green lending : evidence from euro area credit register data
Gambacorta, Leonardo; Pancotto, Livia; Reghezza, Alessio; … - 2022
Do female directors on banks' boards influence lending decisions toward less polluting firms? By using granular credit register data matched with information on firm-level greenhouse gas (GHG) emission intensities, we isolate credit supply shifts and find that banks with more gender-diverse...
Persistent link: https://www.econbiz.de/10013391051
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Mergers and acquisitions and bank performance in Europe
Altunbas, Yener - Marqués-Ibáñez, David - 2004
-merger financial performance. We find that, on average, bank mergers in the European Union resulted in improved return on capital. By …
Persistent link: https://www.econbiz.de/10009639458
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Banking consolidation and small business lending
Takáts, Előd - 2004
asymmetries within the bank combined with fixed wages. Two kinds of inefficiencies arise in equilibrium: the credit officer either … bank accepts the information asymmetries, is called the centralized structure. Under decentralized structure the bank … finance more small firms, but incur higher costs than centralized ones. Small banks are interpreted as a bank with relatively …
Persistent link: https://www.econbiz.de/10009639467
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Interbank market integration, loan rates, and firm leverage
Ongena, Steven; Popov, Alexander - 2010
We study the effect of interbank market integration on small firm finance in the build-up to the 2007-2008 financial crisis. We use a comprehensive data set that contains contract terms on individual loans to 6,047 firms across 14 European countries between 1998:01 and 2005:12. We account for...
Persistent link: https://www.econbiz.de/10009640288
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Interbank market integration, loan rates, and firm leverage
Ongena, Steven; Popov, Alexander - 2010
; selection ; loan rates ; bank competition ; firm leverage …
Persistent link: https://www.econbiz.de/10008659379