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längerfristig wirkenden einzelwirtschaftlichen und regulativenMaßnahmen, die als Antworten auf die internationale Finanzkrise …
Persistent link: https://www.econbiz.de/10009418807
We investigate whether bank performance during the credit crisis of 2008 is related to CEOincentives and share …
Persistent link: https://www.econbiz.de/10009305118
This paper shows that illiquid growth opportunities crucially impact the agency costs of risky debt. If the value of these growth opportunities is sufficiently high, they reverse riskshifting incentives into risk-avoidance incentives, creating a new agency cost of debt.(...)
Persistent link: https://www.econbiz.de/10005846833
bank to restructure the borrower's firm in the case of distress, thepossibility to appropriate private benefits from …
Persistent link: https://www.econbiz.de/10005840402
Using a unique bank-level dataset on the Ugandan banking system over theperiod 1999 to 2005, we explore the factors … banking efficiency. Similarly, macroeconomic variables canexplain little of the over-time variation in bank spreads. Bank …-level characteristics, onthe other hand, such as bank size, operating costs, and composition of loan portfolio,explain a large proportion of …
Persistent link: https://www.econbiz.de/10005870169
We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the timeas the most dramatic … crisis since the Great Depression, predicts its performance during the recentfinancial crisis. One hypothesis is that a bank … hypothesis is that a bank’spoor experience in a crisis is tied to aspects of its business model that are persistent, so that its …
Persistent link: https://www.econbiz.de/10009486818
Among the policy responses to the global financial crisis, the international provision of US dollars via central bank …
Persistent link: https://www.econbiz.de/10009138467
Die aus der geringen Transparenz und mangelnden Standardisierung desaußerbörslichen Derivatehandels resultierenden Gefahren sind durch die internationale Finanzkrisedeutlich aufgedeckt worden. Nach dem Willen von Regulierungsbehörden soll diesembisher weitgehend unregulierten Marktsegment...
Persistent link: https://www.econbiz.de/10009360814
taking bad assets off bank balance sheets, or can one wait till the crisis is over? We argue that an “overhang” of impaired …
Persistent link: https://www.econbiz.de/10005870915
value and aggregate economic activity. We investigate whether and how bank governance, especially private vs. non …-private bank ownership, affects financial constraints of small and medium-sized enterprises (SMEs). We focus on SMEs because they … are more opaque, bank-dependent and riskier than large firms. Given the significant differences between private and non …
Persistent link: https://www.econbiz.de/10009005132