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The impact of bank capital, bank liquidity and credit risk on profitability in postcrisis period : a comparative study of US and Asia

Abbas, Faisal; Iqbal, Shahid; Aziz, Bilal - In: Cogent economics & finance 7 (2019) 1, pp. 1-18

profitability of commercial banks in the postcrisis period between 2011 and 2017 in Asian developed economies in comparison with the … USA banking industry. The findings show that bank capital and credit risk influence profitability in Asian developed … economies similar to in the USA commercial banks, whereas the impact of liquidity on the profitability of the USA large …

Persistent link: https://www.econbiz.de/10012023980

A Comparison of Corporate Profitability in the Post-Era of the Global Financial Turmoil Between the United States and the Republic of Korea

Kim, Hanjoon - 2019

profitability toward maximizing shareholders' wealth. Little attention seems to have been paid so far to an inter-country comparison … of corporate profitability between firms in an advanced market and in an emerging market. Data from firms listed on the … determining the market-value and the book-value based profitability indices. As described, a majority of total explanatory …

Persistent link: https://www.econbiz.de/10012895616

The Effect of Bidder Conservatism on M&A Decisions : Text-Based Evidence from US 10-K Filings

Ahmed, Yousry - 2016

This paper examines whether and how bidders' conservative tone in 10-K filings influences the subsequent mergers and acquisitions (M&A) investment decisions of these US firms from 1996 to 2013. Based on 39,260 firm-year observations, we find, consistent with behavioural consistency theory, that...

Persistent link: https://www.econbiz.de/10012991797

Why did so many people make so many ex post bad decisions? The causes of the foreclosure crisis

Foote, Christopher L.; Gerardi, Kristopher S.; Willen, … - 2012

We present 12 facts about the mortgage crisis. We argue that the facts refute the popular story that the crisis resulted from finance industry insiders deceiving uninformed mortgage borrowers and investors. Instead, we argue that borrowers and investors made decisions that were rational and...

Persistent link: https://www.econbiz.de/10010292274

Post Crisis Unconventional Monetary Policy in the UK, the US, and the EA

Fatouh, Mahmoud - 2016

This paper inspects the types and the sizes of the unconventional interventions of monetary authorities in the UK, the US, and the EU after the collapse of Lehman Brothers in 2008. It also describes the transmission channels through which the impact of the unconventional monetary policies is...

Persistent link: https://www.econbiz.de/10012988401

Why did so many people make so many ex post bad decisions? : the causes of the foreclosure crisis

Foote, Christopher L.; Gerardi, Kristopher; Willen, Paul - 2012 - This version: May 2, 2012

This paper presents 12 facts about the mortgage market. The authors argue that the facts refute the popular story that the crisis resulted from financial industry insiders deceiving uninformed mortgage borrowers and investors. Instead, they argue that borrowers and investors made decisions that...

Persistent link: https://www.econbiz.de/10009530746

Crowded trades, market clustering, and price instability

Kralingen, Marc van; Garlaschelli, Diego; Scholtus, Karolina - 2020

Crowded trades by similarly trading peers influence the dynamics of asset prices, possibly creating systemic risk. We propose a market clustering measure using granular trading data. For each stock the clustering measure captures the degree of trading overlap among any two investors in that...

Persistent link: https://www.econbiz.de/10012161041

Why did so many people make so many ex post bad decisions? : the causes of the foreclosure crisis

Foote, Christopher L.; Gerardi, Kristopher; Willen, Paul - 2012

Persistent link: https://www.econbiz.de/10009534179

Ambiguity Resolution, the Coming U.S. Market Crash of October 2020 and Ensuing Golden Age of Finance

Faugère, Christophe - 2020

It is uncanny that historically, the large majority of U.S. market crashes have occurred in the month of October. I assert that three key conditions are gathered for this to happen. 1) There is a market-wide or macroeconomic informational ambiguity that has been lingering since before the summer...

Persistent link: https://www.econbiz.de/10012823189

War Discourse and Disaster Premia : 160 Years of Evidence from Stock and Bond Markets

Hirshleifer, David; Mai, Dat; Kuntara Pukthuanthong - National Bureau of Economic Research - 2023

Using a semi-supervised topic model on 7,000,000 New York Times articles spanning 160 years, we test whether topics of media discourse predict future stock and bond market returns to test rational and behavioral hypotheses about market valuation of disaster risk. Focusing on media discourse...

Persistent link: https://www.econbiz.de/10014287305