Showing 1 - 10 of 232
We investigate whether bank performance during the recent credit crisis is related to chief executive officer (CEO … larger fraction of compensation in cash bonuses for their CEOs did not perform worse during the crisis. Bank CEOs did not …
Persistent link: https://www.econbiz.de/10003970468
Though overall bank performance from July 2007 to December 2008 was the worst since the Great Depression, there is …, except that large banks from countries with more restrictions on bank activities performed better and decreased loans less …. Our evidence poses a substantial challenge to those who argue that poor bank governance was a major cause of the crisis …
Persistent link: https://www.econbiz.de/10013133787
This paper assesses the current state of knowledge about crisis risk and its implications for risk management. Better data that became available since the Global Financial Crisis (GFC) has improved our understanding of crisis risk. These data have been used to show that some types of crises...
Persistent link: https://www.econbiz.de/10014287353
We investigate whether bank performance during the credit crisis of 2008 is related to CEOincentives and share …
Persistent link: https://www.econbiz.de/10009305118
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 provide estimates of holdings of highly rated securitization tranches of U.S. bank holding companies before the … some large banks, they were economically trivial for the typical bank. Banks with high holdings were not riskier before the … tranches were correlated with a bank's securitization activity. Theories unrelated to the securitization activity, such as “bad …
Persistent link: https://www.econbiz.de/10013037782
Though overall bank performance from July 2007 to December 2008 was the worst since at least the Great Depression … performance of banks during the credit crisis. More specifically, we investigate whether bank performance is related to bank …-level governance, country-level governance, country-level regulation, and bank balance sheet and profitability characteristics before …
Persistent link: https://www.econbiz.de/10013152303
Many observers have argued that the fall in RMBS prices during the crisis was partly caused by fire sales. We provide an explanation for why financial institutions may have engaged in fire sales using a unique dataset of RMBS transactions for insurance companies. We show that risk-sensitive...
Persistent link: https://www.econbiz.de/10010353305
Firms with greater financial flexibility should be better able to fund a revenue shortfall resulting from the COVID-19 shock and benefit less from policy responses. We find that firms with high financial flexibility within an industry experience a stock price drop lower by 26% or 9.7 percentage...
Persistent link: https://www.econbiz.de/10012216704
Much attention has been paid to the large decreases in value of non-agency residential mortgage-backed securities (RMBS) during the financial crisis. Many observers have argued that the fall in prices was partly caused by fire sales. We use capital requirements and accounting rules to identify...
Persistent link: https://www.econbiz.de/10009724585