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services over banks' total IT expenses. Bank efficiency, in turn, is measured by traditional accounting performance indicators … IT standardization is conducive to cost efficiency. The relation is positive and robust for small and medium-sized banks … IT expenditures negatively impact cost efficiency and have no influence on bank profits. To the best of our knowledge …
Persistent link: https://www.econbiz.de/10003878801
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving equity support relative to failing during the TARP...
Persistent link: https://www.econbiz.de/10013007774
This study investigates if the Troubled Asset Relief Program (TARP) distorted price competition in U.S. banking. Political indicators reveal bailout expectations after 2009, manifested as beliefs about the predicted probability of receiving equity support relative to failing during the TARP...
Persistent link: https://www.econbiz.de/10013020652
that banks may exploit their competitiveness and increase incentives for firms to undertake more risk. Thereby, this paper …
Persistent link: https://www.econbiz.de/10013118547
In our analysis, we consider the distribution of decision power over financing and investment between MNEs’ headquarters and foreign subsidiaries and its influence on the foreign affiliates’ financial restrictions. Our research results show that headquarters of multinational enterprises have...
Persistent link: https://www.econbiz.de/10011127943
In our analysis, we consider the distribution of decision power over financing and investment between MNEs' headquarters and foreign subsidiaries and its influence on the foreign affiliates' financial restrictions. Our research results show that headquarters of multinational enterprises have not...
Persistent link: https://www.econbiz.de/10010475135
In our analysis, we consider the distribution of decision power over financing and investment between MNEs’ headquarters and foreign subsidiaries and its influence on the foreign affiliates’ financial restrictions. Our research results show that headquarters of multinational enterprises have...
Persistent link: https://www.econbiz.de/10010474217
This paper explores how banks adjust their risk-based capital ratios and asset allocations following an exogenous shock to their asset quality caused by Hurricane Katrina in 2005. We find that independent banks based in the disaster areas increase their risk-based capital ratios after the...
Persistent link: https://www.econbiz.de/10011213741
Information management is a core process in banking that can resolve information asymmetries and thereby help to mitigate competitive pressure. We test if the use of information technology (IT) contributes to bank output, and how IT-augmented bank productivity relates to differences in market...
Persistent link: https://www.econbiz.de/10010729654
This paper tests whether an increase in insured deposits causes banks to become more risky. We use variation introduced by the U.S. Emergency Economic Stabilization Act in October 2008, which increased the deposit insurance coverage from $100,000 to $250,000 per depositor and bank. For some...
Persistent link: https://www.econbiz.de/10011128840