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Bank ownership and efficiency in China: what lies ahead in the world's largest nation?
Berger, Allen N.; Hasan, Iftekhar; Zhou, Mingming - 2007
China is reforming its banking system, partially privatizing and permitting minority foreign ownership of three of the … dominant 'big four' state-owned banks. This paper seeks to help predict the effects of this change by analysing the efficiency … efficiency. We present corroborating robustness checks and offer several credible mechanisms through which minority foreign …
Persistent link: https://www.econbiz.de/10012148005
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Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks
Berger, Allen N. - 2018
Financial crises result in price and quantity rationing of otherwise creditworthy business borrowers, but little is known about the relative severity of these two types of rationing, which borrowers are rationed most, and the roles of foreign and domestic banks. Using a dataset from 50 countries...
Persistent link: https://www.econbiz.de/10012913881
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Who Pays for Financial Crises? Price and Quantity Rationing of Different Borrowers by Domestic and Foreign Banks
Berger, Allen N. - 2019
Financial crises result in price and quantity rationing of creditworthy borrowers. However, little is known about the relative severity of these two rationing types, which borrowers are rationed most, and differences between foreign and domestic banks. Our data on lenders, borrowers,...
Persistent link: https://www.econbiz.de/10012900906
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Who Pays for Financial Crises? Price and Quantity Rationing of Publicly-Listed and Privately-Held Borrowers
Berger, Allen N.; Makaew, Tanakorn; Turk-Ariss, Rima - 2022
Financial crises yield price and quantity rationing of creditworthy borrowers. However, little is known about the relative severity of these rationing types, which borrowers are rationed most, and differences between these borrowers in different nations. Our international data on over 18,000...
Persistent link: https://www.econbiz.de/10013403562
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Does it pay to have friends? Social ties and executive appointments in banking
Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - In: Journal of Banking & Finance 37 (2013) 6, pp. 2087-2105
We exploit a unique sample to analyze how homophily (affinity for similar others) and social ties affect career outcomes in banking. We test if these factors increase the probability that the appointee to an executive board is an outsider without previous employment at the bank compared to being...
Persistent link: https://www.econbiz.de/10010662601
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Does it pay to have friends? Social ties and executive appointments in banking
Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - Deutsche Bundesbank - 2011
Social capital theory predicts individuals establish social ties based on homophily, i.e., affinities for similar others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age, education, gender, and employment history to examine if...
Persistent link: https://www.econbiz.de/10010954916
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Why do borrowers pledge collateral? New empirical evidence on the role of asymmetric information
Berger, Allen N.; Espinosa-Vega, Marco A.; Frame, W. Scott - 2007
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private information. There is no clear empirical evidence regarding the central implication of this...
Persistent link: https://www.econbiz.de/10010292292
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Does it pay to have friends? Social ties and executive appointments in banking
Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - 2011
Social capital theory predicts individuals establish social ties based on homophily, i.e., affinities for similar others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age, education, gender, and employment history to examine if...
Persistent link: https://www.econbiz.de/10010308733
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Does it pay to have friends? : Social ties and executive appointments in banking
Berger, Allen N.; Kick, Thomas; Koetter, Michael; … - 2011
Social capital theory predicts individuals establish social ties based on homophily, i.e., affinities for similar others. We exploit a unique sample to analyze how similarities and social ties affect career outcomes in banking based on age, education, gender, and employment history to examine if...
Persistent link: https://www.econbiz.de/10009529217
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Why do borrowers pledge collateral? : New empirical evidence on the role of asymmetric information
Berger, Allen N.; Espinosa-Vega, Marco A.; Frame, W. Scott - 2007 - Rev.
An important theoretical literature motivates collateral as a mechanism that mitigates adverse selection, credit rationing, and other inefficiencies that arise when borrowers hold ex ante private information. There is no clear empirical evidence regarding the central implication of this...
Persistent link: https://www.econbiz.de/10003730563