explanations for the empirical regularities that we uncover. -- Acquisitions ; Credit Ratings ; Mergers and Acquisitions ; Arm … constant, rated firms increase their leverage in takeover transactions by less than their unrated counterparts. Consistent with …

constant, rated firms increase their leverage in takeover transactions by less than their unrated counterparts. Consistent with …

constant, rated firms increase their leverage in takeover transactions by less than their unrated counterparts. Consistent with …

manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific …In this paper, we analyse whether bank owners or bank managers were the driving force behind the risks incurred in the … wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the …

We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data … to estimate the effects of bank financial distress on consumer credit and consump- tion expenditures. We show that … households whose banks were more exposed to funding shocks report lower levels of non-mortgage liabilities. This, however, does …

financial reports of global banks. We employ a two-step approach: As a first step, we investigate whether parent-bank or parent … transmission of shocks across borders. We find that the level of integration of global banks is determined by parent-bank … transmission of exogenous shocks from parent banks to their subsidiaries: The more centralised a global bank is, the lower the …

The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank … level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …. Specifically, we show that households whose banks were more exposed to funding shocks report significantly lower levels of non …

The paper employs a unique identification strategy that links survey data on household consumption expenditure to bank …-level data in order to estimate the effects of bank financial distress on consumer credit and consumption expenditures …. Specifically, we show that households whose banks were more exposed to funding shocks report significantly lower levels of non …

financial reports of global banks. We employ a two-step approach: as a first step, we investigate whether parent-bank or parent … transmission of shocks across borders. We find that the level of integration of global banks is determined by parent-bank … transmission of exogenous shocks from parent banks to their subsidiaries: the more centralized a global bank is, the lower the …