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Bold Analysts or Bold Banks : Do Institutional Factors Drive Herding Behavior?

Cueni, Reto - 2013

This paper examines the influence of institutional factors on the herding behavior of security analysts. Exploiting a … issue herding forecasts compared to analysts from privately held brokers. We show that this effect is driven by the group of … analysts covering financial sector stocks. In particular, the probability of issuing a herding forecast revision is 4% higher …

Persistent link: https://www.econbiz.de/10013082786

Banks' concentration versus diversification in the loan portfolio : new evidence from Germany

Jahn, Nadya; Memmel, Christoph; Pfingsten, Andreas - 2013

Using a unique data set on German banks' sector specific loan exposures to the real economy and the corresponding write-offs and write-downs, we examine the impact of loan portfolio sector concentration on credit risk. By controlling for common risk factors, we separate the bank-specific...

Persistent link: https://www.econbiz.de/10010233376

Banks' Concentration Versus Diversification in the Loan Portfolio : New Evidence from Germany

Jahn, Nadya - 2016

Persistent link: https://www.econbiz.de/10012988758

Diversification and the Banks' Risk-Return-Characteristics : Evidence from Loan Portfolios of German Banks

Behr, Andreas - 2016

Banks face a tradeoff between diversifying and focusing their loan portfolio. In this paper we carry out an empirical study for the German market to shed light on the question whether or not the benefits of risk sharing outweigh those of specialization. We use data from the Bundesbank's...

Persistent link: https://www.econbiz.de/10012989297

Banks’ Specialization Versus Diversification in the Loan Portfolio New Evidence from Germany

Jahn, Nadya - 2016

Do banks with a specialized credit portfolio have superior selection and monitoring abilities? Controlling for the composition of the banks' loan portfolios, we show that specialized banks have lower loan loss rates. We also see that for more focused German banks in our sample period 2003–2011...

Persistent link: https://www.econbiz.de/10012992353

Bank-affiliated mutual fund managers' trading patterns of parent banks' stocks : international evidence

Gómez-Bezares, Fernando; Przychodzen, Wojciech - In: The journal of behavioral finance : a publication of … 19 (2018) 2, pp. 199-208

Persistent link: https://www.econbiz.de/10012009671

Banks as patient fixed income investors

Hanson, Samuel G.; Shleifer, Andrei; Stein, Jeremy C.; … - 2014

Persistent link: https://www.econbiz.de/10010433519

Investment pattern of domestic institutional investors

Srivastava, Purwa; Varshney, Sakshi - In: International journal of business innovation and … 31 (2023) 4, pp. 433-455

Persistent link: https://www.econbiz.de/10014437898

Banks as Patient Fixed Income Investors

Hanson, Samuel Gregory - 2014

We examine the business model of traditional commercial banks in the context of their co-existence with shadow banks. While both types of intermediaries create safe "money-like" claims, they go about this in very different ways. Traditional banks create safe claims with a combination of costly...

Persistent link: https://www.econbiz.de/10013058005

Bank Portfolio Risk and Interest Rate Spread of Risky Loans : A Methodological Analysis

Yu, Hua - 2018

The author's study analyzes, loan valuation methods using discrete time model of contingent claims analysis. In the empirical test, the undiversifiable risk was measured by the correlation coefficient of one borrower with the average return of all borrowers. The results of the test supported the...

Persistent link: https://www.econbiz.de/10012920146

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