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We investigate how syndicate structure is influenced by the characteristics of the banking environment, such as banking … market structure, financial development, banking regulation and supervision, and legal risk. The results of a cross … confirm that syndicate structure is influenced by banking environment consistent with agency costs minimization and efficient …
Persistent link: https://www.econbiz.de/10013146227
One of the most pressing questions in the aftermath of the financial crisis is how to deal with systemically important financial institutions (SIFIs). The purpose of this paper is to review the recent literature on systemic risk and evaluate the regulation proposals in the Basel III framework...
Persistent link: https://www.econbiz.de/10009012328
examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment …
Persistent link: https://www.econbiz.de/10013119675
Perhaps the most striking feature of "crowdfunding'' is the broad geographic dispersion of investors. This contrasts with existing theories that predict entrepreneurs and investors will be co-located due to distance-sensitive costs. We examine a crowdfunding setting that connects...
Persistent link: https://www.econbiz.de/10013069152
This paper investigates whether there is any consistency between banks' financial strength ratings (bank rating) and their risk-return profiles. It is expected that banks with high ratings tend to earn high expected returns for the risks they assume and thereby have a low probability of...
Persistent link: https://www.econbiz.de/10008732356
Persistent link: https://www.econbiz.de/10013159841
This paper examines the Leverage Ratio and Total Capital Ratio of global versus non-global banks, in both the pre- and the post crisis period. A panel data set of 165 global and non-global financial institutions from 38 countries is used for the period 1999-2015 and a random effects model is...
Persistent link: https://www.econbiz.de/10012825535
We study the causal effect of bank credit rating downgrades on the supply of bank lending. The identification strategy exploits the asymmetric impact of sovereign downgrades on the ratings of banks at the sovereign bound relative to bank that are not at the bound as a result of rating agencies'...
Persistent link: https://www.econbiz.de/10013006844
We investigate whether syndication networks among banks influence the financing of leveraged buyouts (LBO). We find that lead banks serve as important intermediaries between the supply (banks in an LBO loan syndicate) and demand (targets and private equity (PE) firms) sides of LBO financing....
Persistent link: https://www.econbiz.de/10012854213
-policy-relevant sectors represent a large portion of investors' equity portfolios, especially for investment and pension funds. Additionally …
Persistent link: https://www.econbiz.de/10012855741