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We propose the realized systemic risk beta as a measure for financial companies' contribution to systemic risk given network interdependence between firms' tail risk exposures. Conditional on statistically pre-identified network spillover effects and market and balance sheet information, we...
Persistent link: https://www.econbiz.de/10009583171
We examine the relationship between corporate lobbying, shareholder-based litigation outcomes, and firm value for financial firms. First, we show that political lobbying lowers the litigation likelihood for financial institutions. Secondly, lobbying firms experience a higher likelihood of having...
Persistent link: https://www.econbiz.de/10012944489
We examine the relationship between corporate lobbying, shareholder-based litigation outcomes, and firm value for financial firms. First, we show that political lobbying lowers the litigation likelihood for financial institutions. Secondly, lobbying firms experience a higher likelihood of having...
Persistent link: https://www.econbiz.de/10012944496
We examine the relationship between corporate lobbying, shareholder-based litigation outcomes, and firm value for financial firms. First, we show that political lobbying lowers the litigation likelihood for financial institutions. Secondly, lobbying firms experience a higher likelihood of having...
Persistent link: https://www.econbiz.de/10012944499
qualitative and quantitative factors that allowed the Canadian banking system to withstand the 2008 financial crisis better than … investment banking, but not in commercial banking. Nonetheless, in investment management a higher female to male ratio on US …
Persistent link: https://www.econbiz.de/10012859595
We examine corporate lobbying as a means of influencing federal securities class action litigation outcomes and increasing firm value for financial firms. First, we show that political lobbying lowers litigation likelihood for financial institutions. Secondly, lobbying firms experience a higher...
Persistent link: https://www.econbiz.de/10012932296
quantify the effect of favoritism. We find that firms with prior lending relationships or personal connections to bank … favoritism in bank lending …
Persistent link: https://www.econbiz.de/10013241720
We propose the systemic risk beta as a measure for financial companies' contribution to systemic risk given network interdependence between firms' tail risk exposures. Conditional on statistically pre-identified network spillover effects and market and balance sheet information, we define the...
Persistent link: https://www.econbiz.de/10009349100
We estimate the contribution of large U.S, banks to the financial sector systemic risk by using value-at-risk (VaR ), conditional value-at-risk (CoV aR ), and two-stage least square (2SLS) methodology, Our sample is the monthly stock returns of 25 large U.S, banks from 1997 to 2021, We find that...
Persistent link: https://www.econbiz.de/10014307497
(PIPEs), and TARP. Equity markets were important for bank recapitalization in the crisis, when SEO and PIPE issuance peaked …. We find that bank characteristics predict issuance whereas trading indicators influence issuance type. Large, well … selective. Bank illiquidity was another incentive to issue. Banks with lower trading activity and wider spreads were more likely …
Persistent link: https://www.econbiz.de/10012985362