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Creditor Rights, Systemic Risk and Bank Regulations : Evidence from Cross-Country Study

Haddad, Christian - 2016

In this paper, we investigate the extent in which creditor rights protection in bankruptcy induces banks to take more risk, leading to a higher level of systemic risk in the financial system. We apply ∆CoVaR, introduced by Adrian and Brunnermeier (2011), as the measure of systemic risk. Our...

Persistent link: https://www.econbiz.de/10013002804

Creditor Rights and Bank Capital Decisions : Conventional vs. Islamic Banking

Bitar, Mohammad - 2018

Using a sample of banks operating in 24 countries, we provide robust evidence that stronger creditor rights are associated with higher capital adequacy ratios of conventional banks but not of Islamic banks. Such results are more effective on bank core capital, suggesting that bank managers tend...

Persistent link: https://www.econbiz.de/10012927532

Creditor Rights and Corporate Bond Market

Gu, Xian - 2015

We examine whether investor protection affects capital markets in terms of the development of corporate bond markets versus that of equity markets. Using a dataset of 42 countries, we show that in countries with stronger creditor rights, corporate bond markets are more developed than equity...

Persistent link: https://www.econbiz.de/10013031439

Two Sides of the Same Coin Insolvency Risk Measurement and Capital Adequacy Rules for Basel III

Gan, Vincent B.Y. - 2017

This paper studies the economic and theoretical foundations of insolvency risk measurement and capital adequacy rules … measuring insolvency risk and capital adequacy in Basel III. We show how insolvency risk measurement, capital adequacy and … integrated measure of risk and capital by disentangling assets, debt and equity; the Firm Insolvency Risk Index (FIRI) that is …

Persistent link: https://www.econbiz.de/10012959099

Does IFRS 9 Increase Banks’ Resilience?

Kund, Arndt-Gerrit; Rugilo, Daniel - 2023

IFRS 9 substantially affects the financial sector by changing the impairment methodology for credit losses. This paper analyzes the implications of the change from IAS 39 to IFRS 9 in the context of bank resilience. We shed light on two effects. First, the “cliff-effect”, which refers to...

Persistent link: https://www.econbiz.de/10014256982

Country Creditor Rights, Information Sharing, and Commercial Banks’ Profitability

Amor-Tapia, Borja - 2010

The authors analyze commercial banks' profitability (return on equity, ROE) at different levels of creditor rights and an aggregate score of information sharing in terms of credit bureaus. After controlling for bank size and some macroeconomic variables, the results indicate that profitability...

Persistent link: https://www.econbiz.de/10013135039

Banks' Reactions to Creditor Rights Changes

Ghitti, Marco - 2020

We study how banks adjust their portfolios in response to a deterioration in creditor rights. We construct a comprehensive creditor rights index based on a series of quasi-natural experiments in Italy and exploit a unique proprietary credit-level database of one of the largest Italian banks. Our...

Persistent link: https://www.econbiz.de/10012826834

Creditor Rights, Information Sharing, and Borrower Behavior : Theory and Evidence

Boyd, John H. - 2020

This paper provides a comprehensive theoretical and empirical analysis of "creditor rights" and "information sharing" throughout over 1.8 million public and private firms in Europe. We show that many of the outcomes associated with greater levels of creditor rights can be obtained with higher...

Persistent link: https://www.econbiz.de/10012854905

The zero risk fallacy? : banks' sovereign exposure and sovereign risk spillovers

Kirschenmann, Karolin; Korte, Josef; Steffen, Sascha - 2017

European banks are exposed to a substantial amount of risky sovereign debt. The "missing bank capital" resulting from the zero-risk weight exemption for European banks for European sovereign debt amplifies the co-movement between sovereign CDS spreads and facilitates cross-border...

Persistent link: https://www.econbiz.de/10011764975

Divergence of risk indicators and the conditions for market discipline in banking

Forssbæck, Jens - 2011

Accurate measurement of bank risk is a matter of considerable importance for bank regulation and supervision. Current practices in most countries emphasize reliance on financial statement data for assessing banks’ risk. However, the possibility of increased reliance on market-based risk...

Persistent link: https://www.econbiz.de/10011710809

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