Narrow search
Showing 1 - 10 of 50,293
Cover Image
Public bank guarantees and allocative efficiency
Gropp, Reint; Güttler, André; Saadi, Vahid - 2015
bank/firm data, we find that public guarantees reduce allocative efficiency. With guarantees in place, poorly performing …
Persistent link: https://www.econbiz.de/10011286412
Cover Image
The political economy of financial systems
Haber, Stephen H.; Perotti, Enrico C. - 2008
This survey reviews the literature on the political economy of financial structure, broadly defined to include the size of capital markets and banking systems as well as the distribution of access to external finance across firms.The theoretical literature on the institutional basis for...
Persistent link: https://www.econbiz.de/10011374399
Cover Image
Financing as a supply chain : the capital structure of banks and borrowers
Gornall, Will; Strebulaev, Ilya A. - 2013
We develop a model of the joint capital structure decisions of banks and their borrowers. Strikingly high bank leverage … emerges naturally from the interplay between two sets of forces. First, seniority and diversification reduce bank asset … and fragility. Deposit insurance and the expectation of government bailouts increase not only bank risk taking, but also …
Persistent link: https://www.econbiz.de/10010259793
Cover Image
Bank capital, liquid reserves, and insolvency risk
Hugonnier, Julien; Morellec, Erwan - 2015
regulatory requirements. Our analytic characterization of the bank policy choices shows that imposing solely liquidity … requirements leads to lower bank losses in default at the cost of an increased likelihood of default. Combining liquidity … requirements with leverage requirements reduces drastically both the likelihood of default and the magnitude of bank losses in …
Persistent link: https://www.econbiz.de/10011293576
Cover Image
Bank Loans Pricing and Basel II : A Multi-Period Risk-Adjusted Methodology Under the New Regulatory Constraints
Curcio, Domenico - 2011
Internal Ratings-Based approach affects the bank loan pricing mechanism, by developing a multiperiod risk-adjusted pricing … provides an immediate support for bank managers in making a loan price-related decision …
Persistent link: https://www.econbiz.de/10013131209
Cover Image
Managerial Incentives, Market Power and Bank Risk-Taking
Haq, Mamiza - 2011
bank holding companies over 1997-2004 (i.e. 1,534 observations). Bank managers have incentives to prefer less risk while …We investigate the effect of managerial incentives and market power on bank risk-taking for a sample of 212 large US … bank shareholders have preference for ‘excessive' risk. Likewise, the market power is the centre piece of any bank …
Persistent link: https://www.econbiz.de/10013133995
Cover Image
The Leverage Ratio as a Bank Discipline Device
Rugemintwari, Clovis - 2010
This paper investigates bank portfolio composition under Basel II where the amount of required capital is determined by … bank's own risk assessment. We particularly show that in presence of asymmetric information between the bank and the …
Persistent link: https://www.econbiz.de/10013134795
Cover Image
Optimal Capital Structure of Banks with Contingent Capital : A Structural Model
Maati-Sauvez, Christine - 2011
This paper justifies, in an agency context, the existence of hybrid securities appeared very recently on the organized market: the cocos (contingent convertible bonds). Like the straight debt, they make it possible to profit from tax benefits of debt. And, like stocks, they provide protection...
Persistent link: https://www.econbiz.de/10013121124
Cover Image
Managerial Incentives, Market Power, and Bank Risk-Taking
Haq, Mamiza - 2013
.S. bank holding companies over the period 1997-2004 (comprising 1,534 observations). Bank managers have incentives to prefer …We investigate the effects of managerial incentives and market power on bank risk-taking for a sample of 212 large U … less risk, while bank shareholders prefer higher risk, and market power is the centerpiece of any bank regulation. However …
Persistent link: https://www.econbiz.de/10013092614