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's markets for investment and credit. An ETPL's underlying is a standardised commercial bank loan. With loan issue it is ‘pieced …': parted into pieces of equal rights and size. A significant number of pieces is then retained by the loan issuing bank, while …. Standardisation and trading of ETPL assets allow for easier comparability, valuation and transferability of bank assets and encourage …
Persistent link: https://www.econbiz.de/10013053830
This paper attempts to analyze corporate tax evasion in a principal-agent framework. We assume that the firm's profit is positively related to managerial effort and that the executive compensation is profit-based. In addition, we consider the situation where the manager might underreport the...
Persistent link: https://www.econbiz.de/10009216313
owned by managers makes a positive contribution to technical efficiency. (3) The percentage of the company shares owned by …
Persistent link: https://www.econbiz.de/10008555939
The English version of this paper is at: http://ssrn.com/abstract=878672 Chinese Abstract:...
Persistent link: https://www.econbiz.de/10014143728
Persistent link: https://www.econbiz.de/10013054031
Persistent link: https://www.econbiz.de/10013244669
efficiency and productivity of Bank. Based on the method of Yang and Lee (2009), the research provides the new way to discuss …
Persistent link: https://www.econbiz.de/10008555980
This paper investigates whether distributional effect arising from the impact of monetary policy on bank credits will …. First of all, we investigate whether there exist the distributional effects of monetary policy on bank lending behavior … which is associated with bank balance sheet characteristics, such as asset size and liquidity strength. In other words, we …
Persistent link: https://www.econbiz.de/10008492961
both academia and policy makers. Beyond traditional on-balance sheet bank loans and bond investment, how did shadow banking …
Persistent link: https://www.econbiz.de/10012830979