market is endogenously formed. Bank assets are hit by idiosyncratic shocks drawn from a thin tailed distribution. The uneven … to be heavily indebted to other banks, their liquidation can trigger other bank failures. We find that the distribution …

This paper examines the impact of bank heterogeneity on the assessment of systemic risk in the context of the German …' heterogeneity and to signal systemic risk reliably regardless of different bank types’ individual characteristics. For the … assessment, currently employed systemic risk indicators are applied to bank-type-specific data for six different bank types from …

initial public offerings (IPOs), we ask if universal-bank-underwritten IPOs perform differently from IPOs underwritten by … specialized investment banks. We find that universal-bank affiliation is correlated with higher first-day returns (underpricing …. Our results also suggest that preexisting bank relationships, rather than issuer characteristics, may determine …

researchers and regulators. Since poor bank governance is seen as a major cause of the recent crisis, a deeper understanding is … needed how banks are governed and how bank governance is associated with performance and risk taking. This report deals with … non-executive bank employees provided by an international consulting company. The results indicate that both aspects of …

on a European level. Following De Nicolo and Kwast (2001), mean rolling-window correlations between bank stock returns … are used as a measure for interdependencies among European banks, and hence for the systemic risk potential in Europe …

this study, we argue that bank efficiency generates incentives that can impact banks’ capital holdings and the cost of … positive impact on bank capital during the global financial crisis of 2007–2009. We also observe that on average, banks … intermediation costs. Our results imply the beneficial impact of bank efficiency for bank stability and real economy. …