issued the debt. If banks price their assets to realise a target return on economic capital, then a higher credit rating will … result in higher loan rates if the fall in the bank?s cost of capital, associated with the lower insolvency risk, is … the bank?s economic capital holding. We compare theoretically derived decreases in the bank?s cost of funds to actual bank …

The CLASS model is a top-down capital stress testing framework that projects the effect of different macroeconomic … industry capital gap relative to a target ratio at different points in time under a common stressful macroeconomic scenario …. This estimated capital gap began rising four years before the financial crisis and peaked at the end of 2008. The gap has …

The purpose of this paper is to examine empirically the impact of intellectual capital disclosure (IC) on cost of … Equity capital. The empirical research is based on companies listed in the French SBF 120 stock market index. The findings … confirm our hypotheses that stipulate the existence of a significant and negative association between intellectual capital …