liabilities to reduce the probability of bank runs. These aspects of banking affect a bankś choice of risk vs. expected return …, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect the valuable charter from …The unique capital structure of commercial banking - funding production with demandable debt that participates in the …

. S. bank holding companies, we obtain evidence on market discipline: we find that higher managerial ownership at most …

bank liabilities to reduce the probability of bank runs. These aspects of banking affect a bank's choice of risk versus … expected return, which, in turn, affects bank performance. Banks have an incentive to reduce risk to protect their valuable …The unique capital structure of commercial banking - funding production with demandable debt that participates in the …

increase with size. Based on a model that appropriately accounts for endogenous risk-taking and controls for any cost … systemic risk that large scale may impose on the financial system. However, if public policy considerations imply that society … them. Avoiding the restrictions could thereby push risk-taking outside of the more regulated financial sector without …

incentives for banks to take additional risk, potentially threatening the safety of banking and payments system. Commercial bank … regulators have responded to this increased potential for risk-taking by formally linking bank supervision and regulation to the … also the risk-taking efficiency of those banks (i.e., whether taking an increased level of risk generates higher expected …

-practice ratio of nonperforming consumer loans - i.e., higher inherent credit risk. As of 2016, LendingClub's lending efficiency is … similar to the high average efficiency of the largest bank lenders - a conclusion that may not be applicable to other fintech …Using 2013 and 2016 data, we compare the performance of unsecured consumer loans made by U.S. bank holding companies to …