Showing 1 - 10 of 226
This paper explores the ability of financial analysts to gauge the risk taken by banks and investigates the impact of the recent financial crisis. Using a sample of 36,343 analyst forecasts issued for 411 European banks over 2003-2009 we find that analyst forecasts are influenced by risk, the...
Persistent link: https://www.econbiz.de/10013113856
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …
Persistent link: https://www.econbiz.de/10003973573
The recent period of crisis in credit markets has highlighted the crucial role of bank risk taking. Our paper assesses … the inter-temporal relationships among bank efficiency, capital and bank risk-taking in the EU-26 commercial banking …
Persistent link: https://www.econbiz.de/10013136814
The recent period of crisis in credit markets has highlighted the crucial role of bank risk taking. Our paper assesses … the inter-temporal relationships among bank efficiency, capital and bank risk-taking in the EU-26 commercial banking …
Persistent link: https://www.econbiz.de/10013153674
We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …
Persistent link: https://www.econbiz.de/10013142777
Persistent link: https://www.econbiz.de/10011984051
. Using information on bank M&As between 1997 and 2008 for a sample of nine EU economies, we find that banks pay higher merger …
Persistent link: https://www.econbiz.de/10013038137
banks that are considered ‘Too-systemically important-to-fail' (TSITF). In this paper, we exploit a sample of bank mergers … whether they affect the probability of a bank being rescued during the recent crisis. We find that safety net benefits derived … in banking systems pre-crisis. Third, we do not find that gaining safety net subsidies leads to TSITF bank's increased …
Persistent link: https://www.econbiz.de/10013112297
-systemically-important-to-fail’ (TSITF). We exploit a sample of bank mergers and acquisitions (M&As) in nine EU economies between 1997 and 2007 to capture … systems. We, however, find no evidence that gaining safety net subsidies leads to TSITF bank's increased interdependency over …
Persistent link: https://www.econbiz.de/10011077084
This study examines the impact of corporate governance on earnings predictability in large banks from 35 countries over the period 2004-2010. We find that board structure and CEO power have a significant positive influence on earnings predictability of future cash flows although these findings...
Persistent link: https://www.econbiz.de/10013022626