We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …

goes public, it can engage an investment bank that is related through a common main bank, or can select an alternative … investment bank. The main bank relationship can be an efficient way for the investment bank to acquire information generated by … the main bank, but may give rise to conflicts of interest. We use data from two different investment banking regimes in …

provide evidence in favor of the bank capital channel theory. Banks holding less regulatory capital and less interbank …

subset of large German banks, we estimate the target level and the adjustment speed of the capital ratio for each bank …