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 …

independent directors, share ownership of the top five managers, and independent block holders on bank merger purchase premiums in …

data indicate that bank failures in a county are associated with a reduction in debt and rewards crowdfunding, and total … crowdfunding (including donations and rewards as well, however, bank failures are statistically unrelated to those types of … crowdfunding in our empirical setting). The data are consistent with bank failures being associated with a reduction in the …

bankruptcy filings spanning a banking-sector reform that deregulated bank entry across different regions of India. We find that …

it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy that …

because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy …

channel, one bank's capital policy affects the equity value and risk of default of other banks. In a model where such … externalities are strong, bank capital takes on the attribute of a public good, where the private equilibrium features excessive … implications of the model with observed bank behavior during the crisis of 2007-09 …

Old National Bancorp was the first publicly traded bank to buy back its Capital Purchase Program (CPP) warrants. It …

We investigate the effects of managerial incentives and market power on bank risk-taking for a sample of 212 large U ….S. bank holding companies over the period 1997-2004 (comprising 1,534 observations). Bank managers have incentives to prefer … less risk, while bank shareholders prefer higher risk, and market power is the centerpiece of any bank regulation. However …