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Cost Structure Analysis Under Disequilibrium : Price, Scale, Efficiency and Capacity Utilization Effects with an Application to the G-5 Banking Industries
Sarkis, Ziad - 1999
not only of the technology but also of firm-level heterogeneity in technical and allocative efficiency levels. The …
Persistent link: https://www.econbiz.de/10014208518
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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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Estimating Probability of Default and Comparing It to Credit Rating Classification by Banks
Volk, Matjaz - 2013
Credit risk is the main risk in the banking sector and is as such one of key issues for financial stability. We estimate various PD models and use them in the application to credit rating classification. Models include firm specific characteristics and macroeconomic or time effects. By linking...
Persistent link: https://www.econbiz.de/10013090960
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Judicial efficiency and banks credit risk exposure
Canzian, Giulia; Ferrara, Antonella Rita - 2021
We exploit the outset of a regulation seeking to improve judicial efficiency through the rearrangement of courts … reform on both judicial efficiency and Non-Performing Loans ratio. Furthermore, we identify heterogeneous effects based on … indirectly (through judicial efficiency) and directly, thereby influencing borrowers who react to the perceived enforcement. …
Persistent link: https://www.econbiz.de/10012485338
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Ownership and Bank Efficiency in Africa : True Fixed Effects Stochastic Frontier Analysis
Siraj, Ibrahim; Stephan, Andreas; Mutarindwa, Samuel - 2021
This paper investigates the effects of ownership patterns on bank cost and profit efficiencies taking a sample of 607 … from bank-level inefficiency but also from differences related to other bank- and country-specific factors. Specifically … efficiency. This study also reveals that ownership concentration (blockholding) has adverse effects for the profit and cost …
Persistent link: https://www.econbiz.de/10013232623
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Cyclicality in losses on bank loans
Keijsers, Bart; Diris, Bart; Kole, Erik - 2015
Cyclicality in the losses of bank loans is important for bank risk management. Because loans have a different risk … default rate and loss given default of bank loans share a cyclical component, related to the business cycle. We infer this …
Persistent link: https://www.econbiz.de/10010515860
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Market microstructure effects on firm default risk evaluation
Barsotti, Flavia; Sanfelici, Simona - In: Econometrics : open access journal 4 (2016) 3, pp. 1-31
Default probability is a fundamental variable determining the credit worthiness of a firm and equity volatility estimation plays a key role in its evaluation. Assuming a structural credit risk modeling approach, we study the impact of choosing different non parametric equity volatility...
Persistent link: https://www.econbiz.de/10011506497
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An Empirical Study of the Returns on Defaulted Debt and the Discount Rate for Loss-Given-Default
Jacobs, Michael - 2010
Persistent link: https://www.econbiz.de/10013152416
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Calculating Corporate Default Risk : Zombie Firm Model
Hiphanna, Rika; Dalimunthe, Zuliani - 2023
This study aims to determine the effect of financial literacy on millennials' investment choice preferences. This study uses advanced financial literacy measurement in three dimensions: financial knowledge, financial attitude, and financial behavior. Meanwhile, investment choices are deposits,...
Persistent link: https://www.econbiz.de/10014254909
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The Stability of Efficiency Rankings When Risk-Preferences and Objectives are Different
Koetter, Michael - 2016
We analyze the stability of efficiency rankings of German universal banks between …
Persistent link: https://www.econbiz.de/10012989305