English Abstract: This study examines the degree of capital market integration among major stock markets in the world … variation. However this observation does not necessarily imply that the degree of integration of world capital markets is low …, because business fundamentals tend to differ across countries to a similar or greater extent. Our results suggest that world …

industry and that the current compensation scheme is not too excessive to lead bank managers to higher level of leverage and …

English Abstract: This paper examines how global expansion affects the performance of bank headquarters and foreign …

a bank is a reversed U-shaped function of the insiders ownership (or the largest shareholder ownership). This means that …, as the insiders ownership (the largest shareholder ownership) increases, a bank's risk initially increases and … entire shareholders and they increase the bank's risk to improve the shareholders value. However, when the insiders ownership …

English Abstract: This paper highlights the growing significance of global bank ‘branches’ in the context of financial … economy DSGE model which to the best of my knowledge is the first to distinguish between ‘domestic banks’ and ‘global bank … branches’. These banks have distinctive features but are connected through currency swaps. My model predicts that global bank …

tightening of bank credit and show several findings. First, the banking crisis causes a lower aggregate rate of innovation for at … financing can substitute bank financing for funding innovation during and after banking crises. Our results are robust to the …