Ben-David, Itzhak; Palvia, Ajay; Stulz, René M. - 2019
leverage and risk, such as reducing asset and loan growth, issuing equity, decreasing dividends, and lowering deposit rates …-1994, 2005-2014) and differ in bank regulations, especially concerning capital requirements and enforcement. In contrast to the … forces beyond formal regulations incentivize bank managers to deleverage when their banks are in distress …