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Crisis (GFC) and whether operational efficiency is related to shareholder value creation in informationally efficient stock … markets. The impact of GFC on bank efficiency and shareholder value creation is assessed for 29 large banks in the USA, UK … bank efficiency and shareholder value during 2008-09. A significant relationship between profit efficiency and shareholder …
Persistent link: https://www.econbiz.de/10012913163
This paper deals with a wide scope of issues, starting with the post-crisis recovery of Russia's financial market. The author analyzes the market for shares issued by Russian companies, investigates dependence on the global conjuncture of prices and inflow and outflow of foreign portfolio...
Persistent link: https://www.econbiz.de/10013079480
landscape. This research aims to evaluate the efficiency of converting sustainable development outcomes, quantified through ESG …. The results reveal that only one financial institution has an efficiency score of 1, signifying a notable efficiency level …. Most financial institutions in the dataset possess efficiency scores (represented by theta) below 0.1, indicating a …
Persistent link: https://www.econbiz.de/10014460414
We investigate liquidity shocks and shocks to fundamentals during financial crises at commercial banks, investment banks, and hedge funds. Liquidity shock amplification models assume that widespread funding problems cause fire sales. We find that most banks do not experience funding declines...
Persistent link: https://www.econbiz.de/10013069667
Financial institutions constitute an increasingly important cornerstone of capital markets, yet research at the intersection of asset management contracts and asset pricing remains sparse. In this paper, I study how externalities of managerial contracts affect asset prices in the context of...
Persistent link: https://www.econbiz.de/10012834756
Persistent link: https://www.econbiz.de/10012989326
welfare because it only reduces risk sharing. In contrast, in the U.S. banking system, where there is less competition for …
Persistent link: https://www.econbiz.de/10014064410
the inter-temporal relationships among bank efficiency, capital and bank risk-taking in the EU-26 commercial banking …The recent period of crisis in credit markets has highlighted the crucial role of bank risk taking. Our paper assesses …, our paper provides evidence that higher performance (enhanced efficiency) has been not related to higher managerial skills …
Persistent link: https://www.econbiz.de/10013136814
This study investigates the link between capital market discipline and bank-level credit risk with a special emphasis … credit risk is amplified for state-owned banks. This finding remains similar against a myriad of robustness checks. To …
Persistent link: https://www.econbiz.de/10013404169
cationstrategy and finds that when costs of uncertainty are removed, small banks hedge 97-120% moreinterest rate risk while mortgage …
Persistent link: https://www.econbiz.de/10012894390