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[...]In this article, we explore the relationship betweenfranchise value and risk taking over the 1986-94 period.We extend Keeley’s empirical analysis by estimating theeffect of franchise value on a variety of measures of bankrisk. We find an inverse relationship between franchisevalue and an...
Persistent link: https://www.econbiz.de/10005870335
The moral hazard problem associated with deposit insurance generates the potential for excessive risk taking on the part of bank owners. The banking literature identifies franchise value -- a firm’s profit-generating potential -- as one force mitigating that risk taking. We argue that in the...
Persistent link: https://www.econbiz.de/10005420600
Persistent link: https://www.econbiz.de/10010724320
The moral hazard problem associated with deposit insurance generates the potential for excessive risk taking on the part of bank owners. The banking literature identifies franchise value--a firm's profit-generating potential--as one force mitigating that risk taking. We argue that in the...
Persistent link: https://www.econbiz.de/10005717228
Persistent link: https://www.econbiz.de/10000980381
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Persistent link: https://www.econbiz.de/10001218933
Persistent link: https://www.econbiz.de/10009921332
The moral hazard problem associated with deposit insurance generates the potential for excessive risk taking on the part of bank owners. The banking literature identifies franchise value a firm's profit-generating potential as one force mitigating that risk taking. We argue that in the presence...
Persistent link: https://www.econbiz.de/10012732628
The moral hazard problem associated with deposit insurance generates the potential for excessive risk taking on the part of bank owners. The banking literature identifies franchise value -- a firm's profit-generating potential -- as one force mitigating that risk taking. In the presence of...
Persistent link: https://www.econbiz.de/10012790732