contributes to the understanding of not only the targeting itself, but also the implicit linkage between bank ownership and risk … taking. In addition, it offers insights to policy makers in terms of bank regulation …

We investigate the evolution of US bank capitalization and examine its role in the crosssection of bank stock returns … for bank capitalization and find that the MCR and the SCR have similar dynamics, while the BCR develops very differently …. Our Fama-MacBeth cross-sectional regressions suggest a negative and significant relationship between bank capitalization …

for sensitivity to common risk factors in bank stock returns. We also relate the cross-sectional variation in market … strong predictive indicator for bank's share performance during the financial crisis in the late 1990s, even after …

We investigate the association between real estate investment by US Bank Holding Companies (BHCs) and their return …

Conventional wisdom in banking argues that diversification tends to reduce bank risk and improve performance, but the … to benefit more from being diversified. This analysis provides important strategic and policy implications for bank …

This study examines whether bank shareholders bear the burden of required reserves tax by analyzing the reaction of … significantly lower bank returns implying that shareholders share a portion of the required reserve tax. Required reserves changes …

The returns on bank stocks rise and fall with the business cycle, making bank equity financing cheaper in the boom and …

This paper examines the asset pricing implication of loan loss provisions (LLP). LLP is a bank's dominant accrual and a … is prevalent after controlling for size and bank capital. Further analyses suggest the effect of LLP arises because …