wake of the financial crisis of 2007/2008. We show that owner controlled banks had higher profits in the years before the … manager-controlled banks. The results are robust to controlling for a wide variety of bank specific, country specific … shareholders may not be socially optimal in banks. …

evidence on Swiss banks to assess both benefits and costs. The analysis yields two main conclusions. The long-run economic …

The current financial crisis has sparked intense debate about how weak banks should be resolved. Despite international …

After the collapse of Lehman Brothers, a rapid and far-reaching shrinkage of international banks’ assets with a focus …

evidence on Swiss banks to assess both benefits and costs. The analysis yields two main conclusions. The long-run economic …

We test whether financial fluctuations affect firms' decisions, through their impact on banks' cost of funding. We …-2012 sovereign debt crisis. Using newly available data linking over 3,000, mostly privately-held, non-financial firms to their bank(s …), we find that increases in Italian banks' CDS spreads and decreases in their equity valuations lead younger and smaller …