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Persistent link: https://www.econbiz.de/10011574293
In this study, we test the predictive power of several alternative measures of bank capital adequacy in identifying U.S. bank failures during the recent crisis period. We find that an unconventional ratio — the non-performing asset coverage ratio — significantly outperforms Basel-based...
Persistent link: https://www.econbiz.de/10013033720
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In this paper, we empirically estimate the costs of delay in the FDIC's closures of 433 commercial banks between 2007 and 2014 based upon a counterfactual closure regime. We find that the costs of delay could have been as high as $18.5 billion, or 37% of the FDIC's estimated costs of closure of...
Persistent link: https://www.econbiz.de/10012970582
This study examines the extent to which individual demographic characteristics of owners influence capital structure decisions. Using the Federal Reserve's 2003 Survey of Small Business Finances, we estimate the joint effects of traditional capital structure determinants and manager age, gender,...
Persistent link: https://www.econbiz.de/10009156629
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We analyze the relation between different forms of debt financing at the firm's start-up and subsequent firm outcomes. We distinguish between business debt, obtained in the name of the firm, and personal debt, obtained in the name of the firm's owner and used to finance the start-up firm....
Persistent link: https://www.econbiz.de/10012972659
Persistent link: https://www.econbiz.de/10012269640
This study examines the extent to which individual demographic characteristics of owners influence capital structure decisions. Using the Federal Reserve's 2003 Survey of Small Business Finances, we estimate the joint effects of traditional capital structure determinants and manager age, gender,...
Persistent link: https://www.econbiz.de/10013094332