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Bank loan announcements and borrower stock returns : does bank origin matter?

Ongena, Steven; Roscovan, Viorel - 2009

Banks play a special role as providers of informative signals about the quality and value of their borrowers. Such signals, however, may have a quality of their own as the banks' selection and monitoring abilities may differ. Using an event study methodology, we study the importance of the...

Persistent link: https://www.econbiz.de/10003832012

Universal banks and corporate control : evidence from the global syndicated loan market

Ferreira, Miguel A.; Matos, Pedro - 2009

Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct stakes or institutional holdings. We investigate the...

Persistent link: https://www.econbiz.de/10003867057

Determinants for using visible reserves in German banks : an empirical study

Bornemann, Sven; Homölle, Susanne; Hubensack, Carsten; … - 2009

The German Commercial Code ("HGB") allows banks to build visible reserves for general banking risks according to section 340g HGB. These "GBR reserves" may, in addition to their risk provisioning function, be used to enhance capital endowment, for internal financing, signaling or earnings...

Persistent link: https://www.econbiz.de/10003882961

Structure and determinants of financial covenants in leveraged buyouts - evidence from an economy with strong creditor rights

Achleitner, Ann-Kristin; Braun, Reiner; Tappeiner, Florian - 2009

We apply control rights theory to explain the structure and determinants of financial covenants in private equity … being the first to breach in early years. Regarding determinants we are the first, to our knowledge, to apply a direct …

Persistent link: https://www.econbiz.de/10003919605

Debt overhang and capital regulation

Admati, Anat R.; DeMarzo, Peter M.; Hellwig, Martin; … - 2012

We analyze shareholders' incentives to change the leverage of a firm that has already borrowed substantially. As a result of debt overhang, shareholders have incentives to resist reductions in leverage that make the remaining debt safer. This resistance is present even without any government...

Persistent link: https://www.econbiz.de/10009528814

Firms' strategic choice of loan delinquencies

Morales-Avecedo, Paola - 2016

I analyze the repayment decisions of firms with multiple loans that, for liquidity constraints or strategic reasons, stop making payments in some but not all their loans. Using a sample of commercial loans from Colombia over the period 2002:03 - 2012:06, I find that firms are less likely to stop...

Persistent link: https://www.econbiz.de/10011471426

Modelling bank asset quality and profitability : an empirical assessment

Swamy, Vighneswara - 2015

The determinants of default risk of banks in emerging economies have so far received inadequate attention in the … literature. This paper seeks to study the determinants of bank asset quality and profitability using panel data techniques and … allows them to finish with lower levels of NPAs. Further, this study investigates the effect of determinants on profitability …

Persistent link: https://www.econbiz.de/10010507831

Ownership structure and efficiency of Tunisian banking sector

Anis, Ochi; Yosra, Saidi - In: Journal of finance and investment analysis 1 (2012) 3, pp. 239-254

In this paper, we’ll try to study the impact of ownership structure (state owned/private) of banks in Tunisia on its level of cost efficiency. While, we have proposed an assessment of the cost efficiency of Tunisian banks during the period 1999-2009 on a sample of 17 universal banks using a...

Persistent link: https://www.econbiz.de/10009671879

How scale and ownership are related to financial performance? : a productivity analysis of the Chinese banking sector

Barros, Carlos; Fujii, Hidemichi; Managi, Shunsuke - In: Journal of economic structures : JES; the official … 4 (2015), pp. 1-14

This paper analyzes productivity with a directional distance function model by investigating convexity and non-convexity in the Chinese banking sector. Two primary findings are summarized. First, there is a distinct change in productivity between large versus small banks and public versus...

Persistent link: https://www.econbiz.de/10011387002

Ownership Structure, Revenue Diversification and Insolvency Risk in European Banks

Sanya, Sarah - 2011

The financial crisis brought to light weakness in the assessments of risks and vulnerabilities in banks. Consequently, an insight into how the ownership structure of a bank affects investment decisions, performance and ultimately insolvency risk - the focus of this paper - is crucial. Our...

Persistent link: https://www.econbiz.de/10013128385

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