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flat. This observed relationship cannot be explained by standard risk factors such as correlation with the market return …, book-to-market, size, momentum and term structure of interest rates. As a result, risk-adjusted returns (alphas) of highly … banks that further increase their debt have high abnormal returns on the day of announcement, but tend to have low risk …
Persistent link: https://www.econbiz.de/10012852158
). Our results proved a heavy-tailed pattern of operational risk data consistent with the results documented by other … banks from emerging markets such as Central Europe are exposed to these operational risk events and that successful … estimates of the likely distribution of these risk events can be derived from more mature markets. -- operational risk …
Persistent link: https://www.econbiz.de/10003755227
In this paper, I examine the relations between risk management disclosures, governance, and the market pricing of the … corporate governance disclose more about their risk management practices and that the market pricing of the FVGL increases with … of disclosure have different roles to play under different risk conditions. Overall, the evidence in this paper suggests …
Persistent link: https://www.econbiz.de/10014048368
This research looks into the impact of risk management on CIMB Bank's performance. This study's data originates from … oxidised by ROA and ROE, and risk management, which is oxidised by operational risk, credit risk, and liquidity risk, are the … results demonstrated that operational risk, credit risk, and liquidity risk all had a substantial influence on ROE. However …
Persistent link: https://www.econbiz.de/10013297347
risk. In this model, banks face taxation, flotation costs of securities, and default costs and maximize shareholder value …
Persistent link: https://www.econbiz.de/10011293576
conversion on the risk-taking behaviour of the issuing bank. We also test for regulatory arbitrage: do banks try to maintain risk … sample selection bias, we show that CoCo bonds issuance has a strong positive e↵ect on risk-taking behaviour, particularly … amplifies the impact of CoCo bonds on risk-taking. …
Persistent link: https://www.econbiz.de/10012887890
This paper deals with the relation between excessive risk taking and capital structure in banks. Examining a quarterly … leverage is high, and that more risk taking has a negative impact on valuation of the debt of highly leveraged banks. We find … no evidence that deposit insurance is encouraging risk taking behaviour. We do find that banks with a more troubled loan …
Persistent link: https://www.econbiz.de/10013089780
We investigate the link between firm size and risk-taking among financial institutions during the period of 1998 …-2008 and make three contributions. First, size is positively correlated with risk-taking measures even when controlling for … other observable firm characteristics. This is consistent with the notion that “too-big-to-fail” policies distort the risk …
Persistent link: https://www.econbiz.de/10012940151
Persistent link: https://www.econbiz.de/10014578478
results proved a heavy-tailed pattern of operational risk data consistent with the results documented by other researchers in … from emerging markets such as Central Europe are exposed to these operational risk events and that successful estimates of … the likely distribution of these risk events can be derived from more mature markets. …
Persistent link: https://www.econbiz.de/10010322249