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We present a model of cash constrained entrepreneurs who need an investor to finance their project. Investors can either be uninformed, such as individual bondholders, or informed, such as venture capitalists and banks. There is an entrepreneurial moral hazard problem, which can be partially...
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factors namely age, tenure and management level. A random sample of 200 commercial bank employees in Lahore, Pakistan was … factors did not have a strong relationship with affective commitment, with only tenure showing a significant relation with …
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turnover is based solely on retirement age and is thus exogenous to bank performance. Consistent with our thesis, incoming CEOs …
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This paper builds a new dataset on bank ownership and bank performance covering approximately 50,000 observations for … ownership and bank performance, providing separated estimations for developing and industrial countries. It is found that, while … ownership is strongly correlated with performance in developing countries, that ownership is not correlated with performance in …
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optimality of a bank's risk-reward trade-off. Conventional accounting-based performance measures such as return on assets and … return on equity do not incorporate the risk effects as part of the performance assessment. Risk-adjusted performance …-adjusted performance measurement process. Matched-Term Funds Transfer Pricing system isolates the business units from the effects of …
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Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
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