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Corporate Governance und Unternehmenserfolg : eine empirische Analyse des Zusammenhangs zwischen den Führungs-, Kontroll- und Anreizstrukturen und der Geschäftsentwicklung deutsche...
Steinbrecher, Johannes - 2016
corporate governance matter. Higher executive team expertise is associated with superior bank outcomes regarding performance … 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 …
Persistent link: https://www.econbiz.de/10011742813
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Corporate Governance und Unternehmenserfolg - Eine empirische Analyse des Zusammenhangs zwischen den Führungs-, Kontroll- und Anreizstrukturen und der Geschäftsentwicklung deutsche...
Steinbrecher, Johannes - 2016
Das internationale Bankensystem stand in den vergangenen Jahren im Fokus des öffentlichen Interesses. Bei der Diskussion möglicher Optionen zur Verbesserung der Finanzsystemstabilität rückt zunehmend die Corporate Governance in Banken in den Fokus. Der vorliegende Forschungsbericht widmet...
Persistent link: https://www.econbiz.de/10011698354
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Managerial Cost Inefficiency and Takeovers of U.S. Thrifts
Cebenoyan, Fatma - 2016
This paper uses a two-step methodology to examine the relationship between managerial cost inefficiency and the takeover of U.S. thrifts during a period of market liberalization and widespread takeover activity, 1994 to 2000. In the first stage using stochastic cost frontiers, controllable...
Persistent link: https://www.econbiz.de/10013004388
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Efficiency, Value Addition and Performance of US Bank Mergers
Khan, Abu - 2017
goal of this paper is to investigate the change in operating performance, efficiency, and value addition of US bank mergers … examine the factors that have significant impact on changes in bank performance. Our empirical results lead to the conclusion …
Persistent link: https://www.econbiz.de/10012964750
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Financial Debt Contracting and Managerial Agency
Imbierowicz, Björn; Streitz, Daniel - 2022
This paper analyzes how lenders address managerial agency problems in loan contracts using sweep covenants. Sweeps require a (partial) prepayment when triggered and are included in many contracts. Exploiting exogenous reductions in analyst coverage due to brokerage house mergers and closures, we...
Persistent link: https://www.econbiz.de/10014361492
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Incentives of Fund Managers and Precautionary Fire Sales
Bhardwaj, Abhishek; John, Kose; Mukherjee, Saptarshi - 2021
This paper investigates how precautionary trading behavior of fund managers induced by a higher junior fee component in … from Collateralized Loan Obligation (CLO) funds, we find that fund managers with a higher ratio of subordinate fee to total … fees are more likely to sell downgraded loans. Fund managers exhibit such precautionary trading behavior even when …
Persistent link: https://www.econbiz.de/10014361602
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Firm Size, Corporate Debt, R&D Activity, and Agency Costs : Exploring Dynamic and Non-Linear Effects
Canarella, Giorgio - 2019
persistent over time. This notion confirms the Florackis and Ozkan (2009) conjecture that managers behave as though an optimal …
Persistent link: https://www.econbiz.de/10012890375
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Bank capital and value in the cross section
Mehran, Hamid; Thakor, Anjan - 2009
We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii …) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a … dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened …
Persistent link: https://www.econbiz.de/10010287142
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The productivity of European banking sector : a review of the post-2000 literature
Maradin, Dario; Prohaska, Zdenko; Nikolaj, Stella Suljic - In: UTMS journal of economics / University of Tourism and … 10 (2019) 2, pp. 249-257
Numerous bank productivity studies indicate rapid changes in the structure of the financial services industry and … financial institutions. The measurement of bank productivity is of vital importance from both a microeconomic and a …
Persistent link: https://www.econbiz.de/10012178843
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Bank capital and value in the cross section
Mehran, Hamid; Thakor, Anjan V. - 2009
We address two questions: (i) Are bank capital structure and value correlated in the cross section, and if so, how? (ii …) If bank capital does affect bank value, how are the components of bank value affected by capital? We first develop a … dynamic model with a dissipative cost of bank capital that is traded off against the benefits of capital: strengthened …
Persistent link: https://www.econbiz.de/10003947552