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Flexible prices and leverage
D'Acunto, Francesco; Liu, Ryan; Pflueger, Carolin; … - 2017
The frequency with which firms adjust output prices helps explain persistent differences in capital structure across firms. Unconditionally, the most exible-price firms have a 19% higher long-term leverage ratio than the most sticky-price firms, controlling for known determinants of capital...
Persistent link: https://www.econbiz.de/10011597779
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Equilibrium theory of banks' capital structure
Gale, Douglas; Gottardi, Piero - 2017
balance the benefits of the provision of liquidity services by bank deposits with the costs of bankruptcy. The risk in the …
Persistent link: https://www.econbiz.de/10011688427
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Equilibrium theory of banks' capital structure
Gale, Douglas; Gottardi, Piero - 2017
Persistent link: https://www.econbiz.de/10011688770
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The liquidity dynamics of bank defaults
Morkoetter, Stefan; Schaller, Matthias; Westerfeld, Simone - In: European financial management : the journal of the … 20 (2014) 2, pp. 291-320
Persistent link: https://www.econbiz.de/10010351010
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Stress testing the enterprise sector's bank debt - a micro approach
Bernhardsen, Eivind (contributor);  … - 2008
Persistent link: https://www.econbiz.de/10003766525
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
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Deposits and bank capital structure
Allen, Franklin; Carletti, Elena; Marquez, Robert - In: Journal of financial economics 118 (2015) 3, pp. 601-619
Persistent link: https://www.econbiz.de/10011480542
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Corporate insolvency procedures and bank behavior : a study of selected Asian economies
Hussain, Qaizar; Wihlborg, Clas - 1999
Persistent link: https://www.econbiz.de/10001466391
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Corporate Capital Structure : The Control Roles of Bank and Public Debt with Taxes and Costly Bankruptcy
Diamond, Douglas W. - 2012
Traditional capital structure theory trades off tax savings of debt against bankruptcy costs. Combining elements of … traded debt. Debt's control role makes bankruptcy costs endogenous and sometimes negative. Capital structure depends on the … correlation between cash flows and the profitability of new investment, as well as on taxes and several bankruptcy costs …
Persistent link: https://www.econbiz.de/10013102478
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The Effects of Prudential Policies on Bank Leverage and Insolvency Risk in Central and Eastern Europe
Niţoi, Mihai - 2019
This paper analyses the effects of prudential policies on leverage and insolvency risk in eleven Central and Eastern Europe banking systems in the 2005-2014 period. It explores the relationship between leverage, insolvency risk and regulation variables, and the temporal patterns of this...
Persistent link: https://www.econbiz.de/10012894182