advisors to acquirers. In particular, the target earns higher abnormal returns when the target's own bank certifies the (more …. Second, acquirers predominantly use commercial bank advisors to obtain access to bank loans that may be used to finance the …. Moreover, the advising bank's recommendations may be distorted by considerations related to credit exposure incurred in both …

This paper examines the effects of cross-border bank mergers on the risk and (abnormal) returns of acquiring banks. We …

This paper investigates whether monitoring by bank lenders affects CEO incentives of borrowing firms. We find that an … increase in bank monitoring incentives significantly reduce the sensitivity of CEO wealth to stock return volatility (Vega …). The results are more profound when bank lenders are more powerful and reputable and have a prior lending relationship with …

, a little explored area is the certification role of banks in placing their own bond debt. In particular, the bank …-specific alternative choice of self-underwriting versus the exclusive use of third-party underwriting. Moreover, bank reputation was … issue. We use a sample of bank bond own deals from 24 European countries, that permits a unique identification of banks …

concentrating their lending disproportionately into one industry. This specialization improves a bank’s industry-specific knowledge … and, ultimately, bank performance. Banks concentrate more on their primary industry in times of instability and relatively …

banks and find no evidence that this shift in the bank business model harms bank profitability. To the contrary, a higher … share of non-traditional bank income is associated with a higher profitability. The increase in profitability does not seem … to come at the cost of substantially larger bank-level risk taking, at least not for large banks, which are the banks …

cannot be explained by observable manager characteristics explain substantial differences in bank policies and risk … whose economic origins are unobservable. This implies attempts to rein in bank risk-taking by targeting manager …