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Bank Soundness and Cash Holdings : Evidence from a Bank-Centered Financial Market

Sasaki, Toshinori - 2017

We examine how banks affect firms' cash holdings by focusing on the soundness of banks in Japan, a bank-centered market … deterioration of bank soundness decreases bank-dependent firm investment and firm value. Cash holdings of bank-dependent firms … results, which are consistent with the financial constraint hypothesis and are inconsistent with the bank power hypothesis …

Persistent link: https://www.econbiz.de/10012968423

Liquidity Transformation and Fragility in the US Banking Sector

Chen, Qi; Goldstein, Itay; Huang, Zeqiong; Vashishtha, Rahul - 2022

sensitivity of uninsured deposit flows to bank performance and greater levels of uninsured deposit outflows when performance is …

Persistent link: https://www.econbiz.de/10014244800

Liquidity, Leverage, and Lehman : A Structural Analysis of Financial Institutions in Crisis

Chen, Ren-Raw - 2015

The failure of Lehman Brothers highlighted the severe lapses in risk management and regulatory oversight that brought on and intensified the global financial crisis. This paper presents a structural credit risk model that provides useful early warning signals that regulators could have used to...

Persistent link: https://www.econbiz.de/10013035485

Asset Tangibility, Cash Holdings, and Financial Development

Lei, Jin - 2018

Rising intangible assets on corporate balance sheets around the world could limit borrowing capacity and consequently hinder growth if firms must preserve cash and forgo investment opportunities. We show that financial development lowers the sensitivity of cash holdings to tangible assets and...

Persistent link: https://www.econbiz.de/10012935290

Financial Markets and Financial Institutions in Russia in 2016

Abramov, Alexander E. - 2017

In 2016, Russia's stock market, in terms of its rates of return, set a world record among all the other stock markets. Over that year, the RTS Index gained 52.3%, and the MICEX Index –26.8% (Fig. 1). The faster growth rate of the RTS Index, which reflects the price of shares in US dollar...

Persistent link: https://www.econbiz.de/10012952699

Financial Markets and Financial Institutions in 2011

Abramov, Alexander E. - 2013

This paper deals with the Russian financial markets and financial institutions. The author focuses on post crisis recovery, Russian equity market. The issue of capital outflow and operating risks of the stock market were analyzed by the author

Persistent link: https://www.econbiz.de/10013085764

Financial Markets and Financial Institutes in 2010

Abramov, Alexander E. - 2013

This paper deals with Russian financial markets and financial institutions in 2010. The author focuses on the Russian stock market, bond market. The author analyzes key risks in financial markets, ruble devaluation risks and repo transactions risks

Persistent link: https://www.econbiz.de/10013085767

Funding advantage and market discipline in the Canadian banking sector

Beyhaghi, Mehdi; D'Souza, Chris; Roberts, Gordon S. - 2013

have a funding advantage over small banks after controlling for bank-specific and market risk factors. Working with hand …

Persistent link: https://www.econbiz.de/10010225470

Corporate Governance and the Systemic Risk of Financial Institutions

Iqbal, Jamshed - 2015

This paper studies the relationship between corporate governance and the systemic risk of financial institutions. Specifically, using a sample of large U.S. financial institutions from 2005 to 2010, we examine whether the strength of corporate governance mechanisms can explain the...

Persistent link: https://www.econbiz.de/10013032807

Bank of Russia Liquidity Management of the Banking Sector : Observations Based on the Past Three Years Experience

Morgunov, V. - 2016

central bank open market operations that aim to compensate for a structural deficit and surplus of liquidity in the banking … sector to make sure that the money market overnight interest rate is close to the middle of the interest rate band. The Bank …

Persistent link: https://www.econbiz.de/10012982677