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Shareholder Diversification and Bank Risk-Taking
García-Kuhnert, Yamileh - 2014
diversification on bank risk-taking. Our results show that the relation between portfolio diversification and bank risk-taking is both … time a specific channel through which financial development, in the form of bank shareholders' diversification, affects the …
Persistent link: https://www.econbiz.de/10013063883
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How banks respond to distress : shifting risks in Europe's banking union
Mink, Mark; Ramcharan, Rodney; Lelyveld, Iman van - 2020
This paper uses granular bond portfolio data to study how banking systems across the European Union (EU) adjust their asset holdings in response to regulatory solvency shocks. We also study the impact of these shocks at financial intermediaries on the prices of bonds in their portfolio. Despite...
Persistent link: https://www.econbiz.de/10012161046
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Large shareholder diversification and corporate risk-taking
Faccio, Mara; Marchica, Maria-Teresa; Mura, Roberto - 2011
Using new data for the universe of firms covered in Amadeus, we reconstruct the portfolios of shareholders who hold equity stakes in private and publicly-traded European firms. We find great heterogeneity in the degree of portfolio diversification across large shareholders. Exploiting this...
Persistent link: https://www.econbiz.de/10009411473
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Large Shareholder Diversification and Corporate Risk-Taking
Faccio, Mara - 2012
Using new data for the universe of firms covered in Amadeus, we reconstruct the portfolios of shareholders who hold equity stakes in private and publicly-traded European firms. We find great heterogeneity in the degree of portfolio diversification across large shareholders. Exploiting this...
Persistent link: https://www.econbiz.de/10013116279
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Determinants and Valuation Effects of the Home Bias in European Banks’ Sovereign Debt Portfolios
Horváth, Bálint L. - 2015
ownership in the bank, as evidence of a government pressure channel. The home bias is positively valued by the stock market, as … operative. The European Central Bank's large injections of liquidity in December 2011 and February 2012 reduced the marginal …
Persistent link: https://www.econbiz.de/10013020123
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ESBies : Safety in the Tranches
Brunnermeier, Markus K. - 2016
The euro crisis was fueled by the diabolic loop between sovereign risk and bank risk, coupled with cross-border flight …
Persistent link: https://www.econbiz.de/10012982881
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Sovereign exposures of European banks : it is not all doom
Lamers, Martien; Present, Thomas; Vander Vennet, Rudi - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-24
We investigate whether sovereign bond holdings of European banks are determined by a risk-return trade-off. Using data between 2011 and 2018 for 75 European banks, we confirm that banks exhibited risk-taking behavior during the sovereign debt crisis, e.g., due to moral suasion. In the period...
Persistent link: https://www.econbiz.de/10012821286
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Regulatory Stress Tests and Bank Responses
Janda, Karel - 2020
with the increase in the size of the bank´s assets …
Persistent link: https://www.econbiz.de/10012824833
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Prudential Filters, Portfolio Composition and Capital Ratios in European Banks
Argimón, Isabel - 2016
European banks hold 10% of their total assets in portfolios that give rise to unrealised gains and losses which under Basel III will no longer be allowed to be removed from banks' regulatory capital. Using a sample of European banks, and taking advantage of the different treatment afforded,...
Persistent link: https://www.econbiz.de/10013001990
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Covered bonds and bank portfolio rebalancing
Cao, Jin; Juelsrud, Ragnar Enger; Sondershaus, Talina - 2021
We use administrative and supervisory data at the bank and loan level to investigate the impact of the introduction of … covered bonds on the composition of bank balance sheets and bank risk. Covered bonds, despite being collateralized by … mortgages, lead to a shift in bank lending from mortgages to corporate loans. Young and low-rated firms in particular receive …
Persistent link: https://www.econbiz.de/10012649917