Showing 1 - 10 of 122
A model of multimarket spatial competition is developed where small, single-market banks compete with large, multimarket banks (LMBs) for retail loans and deposits. Consistent with empirical evidence, LMBs are assumed to set retail interest rates uniformly across markets, have different...
Persistent link: https://www.econbiz.de/10012727604
A model of multimarket spatial competition is developed where small, single-market banks compete with large, multimarket banks (LMBs) for retail loans and deposits. Consistent with empirical evidence, LMBs are assumed to set retail interest rates uniformly across markets, have different...
Persistent link: https://www.econbiz.de/10012758070
Persistent link: https://www.econbiz.de/10010113642
A model of multimarket spatial competition is developed where small, single-market banks compete with large, multimarket banks (LMBs) for retail loans and deposits. Consistent with empirical evidence, LMBs are assumed to set retail interest rates uniformly across markets, have different...
Persistent link: https://www.econbiz.de/10005564207
This paper examines how the onset of a financial crisis affects the operation of internal capital markets among firms within a diversified business group. We find that active internal capital markets within Korean business groups (chaebols) attenuated the financial constraints of the...
Persistent link: https://www.econbiz.de/10012725913
Performance of inflation indicators for predicting the probability of inflation falling inside constant and moving targets is considered with a probit model using U.S. data. Given Fed emphasis on achieving price stability, particular attention is given to the target that future inflation will be...
Persistent link: https://www.econbiz.de/10012778822
The issue of choice between specialization and diversification in corporate business activity has become the center of large body of corporate finance literature in recent years. U.S. empirical evidence on the effects of diversification after merger is mixed, suggesting that the diversification...
Persistent link: https://www.econbiz.de/10012741390
Using a sample of telecommunications mergers during the 1990-1994 period, we find that acquiring firms underperform relative to their size and industry matched control firms. The annual cumulative abnormal returns (CARs) to these firms are significantly negative for five years following the...
Persistent link: https://www.econbiz.de/10012741874
The choice between specialization and diversification in corporate business activity has become the center of large body of corporate finance literature in recent years. U.S. empirical evidence on the effects of diversification after merger is mixed, suggesting that the diversification benefits...
Persistent link: https://www.econbiz.de/10012717877
This paper examines how the onset of a financial crisis affects the operation of internal capital markets among firms within a diversified business group. We find that active internal capital markets within Korean business groups (chaebols) attenuate the financial constraints of the...
Persistent link: https://www.econbiz.de/10005201933