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Post Merger Changes in Riskiness of Bank Loan Portfolios
Gart, Alan - 2011
and above the normal charge-offs. This paper examines the risk associated with post-merger variability in the charge … measure of risk to profitability in a bank's loan portfolio based on traditional portfolio theory. This measure is used to … examine the risk levels in the loan portfolios of merging bank holding companies (BHCs) and the change in risk that occurs in …
Persistent link: https://www.econbiz.de/10013120122
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Post Merger Changes in the Riskiness of the Loan Portfolio
Knapp, Morris - 2011
and above the normal charge-offs. This paper examines the risk associated with post-merger variability in the charge … measure of risk to profitability in a bank's loan portfolio based on traditional portfolio theory. This measure is used to … examine the risk levels in the loan portfolios of merging bank holding companies (BHCs) and the change in risk that occurs in …
Persistent link: https://www.econbiz.de/10013120155
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Wealth Transfer Effects between Stockholders and Bondholders
Imbierowicz, Björn - 2013
Prior research has addressed the question of whether certain events cause a transfer of wealth between stockholders and bondholders but does not control for the events' impacts on firms' credit risk. This may explain why many studies fail to identify wealth transfers. By employing announcements...
Persistent link: https://www.econbiz.de/10013093714
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Consolidation in Light of Solvency II – The Impact of Mergers and Acquisitions on Insurers’ Default Risk
Lange, Marc - 2019
risk on average. This effect is particularly pronounced for pre-merger low-risk insurers and reinsurers. As Solvency II … generally aims to enhance the soundness of the insurance sector and its firms, policymakers should be aware of this merger … study reveals that merger-related default risk changes are mostly driven by acquirer characteristics and to a limited extent …
Persistent link: https://www.econbiz.de/10012890549
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Do Announced Credit Rating Revisions Create Wealth Transfer Effects between Stockholders and Bondholders of European Firms?
Hundt, Steffen - 2016
Wealth transfer effects between stockholders and bondholders on the announcement date of changes in a firm's credit rating have primarily been examined a) for one type of security; b) on US capital markets; and c) by applying standard event study methods. In contrast to these investigations, we...
Persistent link: https://www.econbiz.de/10012984791
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The Effect of Credit Competition on Banks’ Loan Loss Provisions
Dou, Yiwei - 2017
Exploiting differential interstate branching deregulation across contiguous counties of adjacent states, we investigate the effect of entry threat on incumbent banks' loan loss provisions. Incumbents exposed to entry threat have offsetting incentives; lower provisions make their loan...
Persistent link: https://www.econbiz.de/10012974743
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The role of marketplace lending in credit markets : evidence from bank mergers
Avramidis, Panagiotis; Mylonopoulos, Nikolaos; … - In: Management science : journal of the Institute for … 68 (2022) 4, pp. 3090-3111
Persistent link: https://www.econbiz.de/10013368381
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The long-term impact of bank mergers on stock performance and default risk : the aftermath of the 2008 financial crisis✰
Cowan, Arnold R.; Salotti, Valentina; Schenck, Natalya A. - In: Finance research letters 48 (2022), pp. 1-10
Persistent link: https://www.econbiz.de/10013463094
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Multiple lenders and corporate distress : evidence on debt restructuring
Brunner, Antje; Krahnen, Jan Pieter - 2006 - This version: June 2006
In the recent theoretical literature on lending risk, the coordination problem in multi-creditor relationships have been analyzed extensively. We address this topic empirically, relying on a unique panel data set that includes detailed credit-file information on distressed lending relationships...
Persistent link: https://www.econbiz.de/10009767665
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Forced Bank Relationship Loss : Accounting Information Opacity and Loan Conditions
Xu, Yuqian - 2019
We examine the impact on a firm when it is exogenously forced to switch its bank relationship from one branch to … another branch of the same bank. We show the effect depends directly on the relative balance between the hard accounting … information provided to the bank by the firm, as part of the bank's internal credit rating system and the provision of soft …
Persistent link: https://www.econbiz.de/10012901734