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Stock index adjustments, analyst coverage and institutional holdings: Evidence from China
Zhu, Song; Jiang, Xiaoyu; Ke, Xiaoli; Bai, Xiaoyu - In: China Journal of Accounting Research 10 (2017) 3, pp. 281-293
Using 231 pairs of matched firms from 2009 to 2012 in Chinese stock market, we find that the stock index adjustment significantly affects the analyst coverage, which in addition to the stock index leads to more analyst coverage, while deletion from the stock index has no significant effect,...
Persistent link: https://www.econbiz.de/10011937044
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The role of securitization in mortgage renegotiation
Agarwal, Sumit; Amromin, Gene; Ben-David, Itzhak; … - 2011
% of the U.S. mortgage market. Exploiting within-servicer variation in these data, we find that bank-held loans are 26% to …, modifications of bank-held loans are more efficient: conditional on a modification, bank-held loans have lower post …
Persistent link: https://www.econbiz.de/10010292147
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Banking consolidation and small businessfinance: empirical evidence for Germany
Marsch, Katharina; Schmieder, Christian; Forster-van … - 2007
on bank credit and as they represent the vast majority of the corporate sector reduced credit availability for those …-sized enterprises (SME). We measure the financing opportunities of SMEs based on the bank debt/assets ratio and the logarithmized credit … size and control both explicitly for bank mergers and for the increase in the average bank size in the course of the …
Persistent link: https://www.econbiz.de/10010295928
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On the incentives to form strategic coalitions in ATM markets
Wenzel, Tobias - 2008
This paper studies ATM coalitions in retail banking. We ask when it is profitable for banks to make agreements which ban direct ATM transaction fees. In the case of a coalition banks loose income from ATM transactions but relax competition in the banking market. We find that such agreements are...
Persistent link: https://www.econbiz.de/10010299761
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The subsidiarity principle and the negative spread: A case in point for the governance of state-owned banks
Apreda, Rodolfo - 2005
-owned bank. Firstly, it stresses that the principle of subsidiarity is at the root of decision-making processes in which the bank … institutions. Next, it defines the assets and liabilities portfolios of the bank and, by means of a break-even analysis of those … bank. Lastly, it enlarges about likages between risk and subsidiarity on the one hand, and quasi-fiscal activities on the …
Persistent link: https://www.econbiz.de/10010323255
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Which households use banks? Evidence from the transition economies
Beck, Thorsten; Brown, Martin - 2011
services is related to household characteristics, bank ownership structure and the development of the financial infrastructure …. At the household level we find that the holding of a bank account or bank card increases with income, wealth and … integration. Our results show that foreign bank ownership is associated with more bank accounts among high-wealth, high …
Persistent link: https://www.econbiz.de/10011605341
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Bank bias in Europe: effects on systemic risk and growth
Langfield, Sam; Pagano, Marco - 2015
Europe’s financial structure has become strongly bank-based – far more so than in other economies. We document that an … paper concludes by discussing policy solutions to Europe’s “bank bias”, which include reducing regulatory favouritism …
Persistent link: https://www.econbiz.de/10011605842
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Kuka vie ja ketä? Pankit alustatalouden ristitulessa
Mattila, Juri; Seppälä, Timo; Lähteenmäki, Ilkka - 2018
Banking and financial services have traditionally been a heavily regulated industry where technology alone has not been a sufficient factor to transform the operating architectures of the industry. The pervasive view in the financial industry has been that digitalization and its integrational...
Persistent link: https://www.econbiz.de/10012037704
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Banking, Inside Money and Outside Money
Sun, Hongfei - 2007
problem of the bank. Secondly, it is optimal for the bank to require loans be settled with short-term inside money, i.e., bank …
Persistent link: https://www.econbiz.de/10011940760
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Bank's Assets and Liabilities Management with Multiple Sources of Risk
Pausch, Thilo - 2003
and interbank rate risk on the optimaldecisions on deposits and loans of a competitive bank. It is found that dueto the … bank's behavior.Moreover, it is shown that there is an interaction between the effects of theintroduction of risk and … economies or diseconomies of scope in the bank?sbusiness which determines the extend of behavioral changes. …
Persistent link: https://www.econbiz.de/10010273129