Showing 1 - 10 of 229
We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the time as the most dramatic … crisis since the Great Depression, predicts its performance during the recent financial crisis. One hypothesis is that a bank …. Another hypothesis is that a bank’s poor experience in a crisis is tied to aspects of its business model that are persistent …
Persistent link: https://www.econbiz.de/10009240510
We investigate why only some banks use regulatory arbitrage. We predict that banks wanting to be riskier than allowed by capital regulations (constrained banks) use regulatory arbitrage while others do not. We find support for this hypothesis using trust preferred securities (TPS) issuance, a...
Persistent link: https://www.econbiz.de/10010353295
Persistent link: https://www.econbiz.de/10010357928
Persistent link: https://www.econbiz.de/10010339655
Persistent link: https://www.econbiz.de/10010340285
Persistent link: https://www.econbiz.de/10011456415
From 1973 to 2014, the common stock of U.S. banks with loan growth in the top quartile of banks over a three-year period significantly underperforms the common stock of banks with loan growth in the bottom quartile over the next three years. The benchmark-adjusted cumulative difference in...
Persistent link: https://www.econbiz.de/10011516043
Persistent link: https://www.econbiz.de/10003290845
Persistent link: https://www.econbiz.de/10003125947
Persistent link: https://www.econbiz.de/10001502537