Showing 51 - 60 of 132,894
We analyze the shareholder wealth implications of the financial sector consolidation in the Asia-Pacific region between 1995 and 2013. The results suggest that market power consideration play a prominent role when capital market participants value M&As between Asian financial institutions. Asian...
Persistent link: https://www.econbiz.de/10012855426
Banks play a critical role in international trade by providing trade finance products that reduce the risk of exporting. This paper employs two new data sets to shed light on the magnitude and structure of this business, which, as we show, is highly concentrated in a few large banks. The two...
Persistent link: https://www.econbiz.de/10013054021
Foreign-dominated banking sectors, such as those prevalent in Central and Eastern Europe, are susceptible to two major … sources of systemic risk: (i) linkages between local banks and (ii) linkages between a foreign mother bank and its local …-dependencies in downward risk in the banking sector of the Czech Republic, Hungary, Poland, and Slovakia during 1994{2013. In contrast …
Persistent link: https://www.econbiz.de/10013058336
This paper investigates the drivers of bank foreign expansion in East Africa. Our results support the view that …
Persistent link: https://www.econbiz.de/10013044482
This paper provides the first quantitative assessment of the contribution of global banks in intermediating tax evasion. Applying gravity equations on a unique regulatory dataset based on comprehensive individual country-by-country reporting from all the Systemically Important Institutions in...
Persistent link: https://www.econbiz.de/10012917549
We analyze the effect of mandatory financial transparency on corporate tax avoidance. The effectiveness of comprehensive tax transparency, in the form of a public Country-by-Country Reporting, to mitigate corporate tax planning is largely unknown. Capital Requirements Directive IV by the...
Persistent link: https://www.econbiz.de/10013248156
The nexus between ownership and competition in the banking sector is a major concern to policymakers around the world … but one that is rarely comprehensively examined. For 131 countries and 13 years we match bank ownership with over 50 …,000 bank-year estimates of individual bank market power. We find that ownership does not explain market power at the individual …
Persistent link: https://www.econbiz.de/10013033620
This article provides evidence on the link between Japanese firms' foreign direct investment (FDI) and domestic bank … health during the 1990s. Analysis of FDI by 420 industrial firms reveals that financial health of a firm's main bank and non …-main banks both positively and significantly relates to the firm's FDI around the globe. The estimated impact of main bank health …
Persistent link: https://www.econbiz.de/10013038097
International trade exposes exporters and importers to substantial risks. To mitigate these risks, firms can buy special trade finance products from banks. This paper explores under which conditions and to what extent firms use these products. We find that letters of credit and documentary...
Persistent link: https://www.econbiz.de/10013210355
In this paper, we analyze the importance of international banking models, along the operational and the funding … dimensions, for the decline in international positions of European banks since the crisis. Using BIS Consolidated Banking …
Persistent link: https://www.econbiz.de/10013213943