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Banking business models and the nature of financial crises
Hryckiewicz, Aneta; Kozlowski, Lukasz - Volkswirtschaftliche Fakultät, … - 2014
In our paper we analyze the heterogeneity between various business models among systemically important banks in 65 countries over the period of 2000-2012. For the first time, we are able to identify true banking strategies consisting of different combinations of bank asset and funding sources...
Persistent link: https://www.econbiz.de/10011272695
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The impact of Taxation on Bank Leverage and Asset Risk
Horvath, B.L. - Tilburg University, Center for Economic Research - 2013
Abstract: The tax-bene t of interest deductibility encourages debt nancing, but regulatory and market constraints create dependency between bank leverage and risk. Using a large international sample of banks this paper estimates the short and long run effects of corporate income taxes (CIT) on...
Persistent link: https://www.econbiz.de/10011092307
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Does Diversification Improve the Performance of German Banks? Evidence from Individual Bank Loan Portfolios
Hayden, Evelyn; Porath, Daniel; Westernhagen, Natalja von - Oesterreichische Nationalbank - 2006
Should banks be diversified or focused? Does diversification indeed lead to increased performance and therefore greater safety on the part of banks as traditional portfolio and banking theory would suggest? This paper investigates the link between banks’ profitability and their portfolio...
Persistent link: https://www.econbiz.de/10005839454
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The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios
Acharya, Viral V; Hasan, Iftekhar; Saunders, Anthony - C.E.P.R. Discussion Papers - 2002
We study empirically the effect of focus (specialization) versus diversification on the return and the risk of banks using data from 105 Italian banks over the period 1993–99. Specifically, we analyse the trade-offs between (loan portfolio) focus and diversification using a unique data set...
Persistent link: https://www.econbiz.de/10005136462
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Should banks be diversified? Evidence from individual bank loan portfolios
Hasan, Iftekhar; Saunders, Anthony; Acharya, Viral V. - Bank for International Settlements (BIS) - 2002
We study empirically the effect of focus (specialization) vs. diversification on the return and the risk of banks using data from 105 Italian banks over the period 1993-1999. Specifically, we analyze the tradeoffs between (loan portfolio) focus and diversification using a unique data set that is...
Persistent link: https://www.econbiz.de/10005063334
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Understanding the rise and decline of the Japanese main bank system: The changing effects of bank rent extraction
Wu, Xueping; Yao, Jun - In: Journal of Banking & Finance 36 (2012) 1, pp. 36-50
This paper shows how main bank rent extraction affects corporate decisions about investment and financing during financial regulatory reform. Our model predicts that limited loanable funds can initially contain main bank controlled overinvestment, even when new equity is available to the firm....
Persistent link: https://www.econbiz.de/10011065611
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The relationship between liquidity risk and credit risk in banks
Imbierowicz, Björn; Rauch, Christian - In: Journal of Banking & Finance 40 (2014) C, pp. 242-256
This paper investigates the relationship between the two major sources of bank default risk: liquidity risk and credit risk. We use a sample of virtually all US commercial banks during the period 1998–2010 to analyze the relationship between these two risk sources on the bank...
Persistent link: https://www.econbiz.de/10011065733
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Does Discretion in Lending Increase Bank Risk? Borrower Self-Selection and Loan Officer Capture Effects
Gropp, R.; Grundl, C.; Guttler, A. - Tilburg University, Center for Economic Research - 2012
In this paper we analyze whether discretionary lending increases bank risk. We use a panel dataset of matched bank and borrower data. It offers the chief advantages that we can directly identify soft information in banks’ lending decisions and that we observe ex post defaults of...
Persistent link: https://www.econbiz.de/10011092042
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Good Practices to Manage Operational Risk in Financial Institutions
Delfiner, Miguel; Mangialavori, Ana; Pailhé, Cristina - In: Ensayos Económicos 1 (2007) 47, pp. 93-125
The Basel Committee on Banking Supervision (BCBS) defined operational risk (OR) as the risk of losses resulting from the inadequacy or failures in the internal processes, people and systems, or from external events. This definition includes the legal risk but excludes strategic and reputational...
Persistent link: https://www.econbiz.de/10010849654
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Liquidity Risk Management in Financial Institutions: International Best Practices and Experiences
Delfiner, Miguel; Lippi, Claudia; Pailhé, Cristina - In: Ensayos Económicos 1 (2007) 46, pp. 63-101
countries that apply liquidity risk control policies, either through their supervision manuals or through regulation. It also … includes the experiences of Latin American countries with a specific liquidity regulation as well as the domestic experience … specific quantitative regulation; instead, they have only established general principles that may be used as a guide for risk …
Persistent link: https://www.econbiz.de/10010551965