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Persistent link: https://www.econbiz.de/10012231386
greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks-and hence the …
Persistent link: https://www.econbiz.de/10012422173
The current financial crisis hit the banking giants of the world really hard. It is striking to note that some of the … the stock exchanges. This paper will study whether this reform has really improved bank efficiency. Adopting the DEA (data … envelopment analysis) approach, this paper examines whether IPO (initial public offering) is effective in enhancing bank …
Persistent link: https://www.econbiz.de/10013157133
of banks over the period 2005-2011. Using data from the highly state-influenced Russian banking sector, it is documented …
Persistent link: https://www.econbiz.de/10012937756
(PIPEs), and TARP. Equity markets were important for bank recapitalization in the crisis, when SEO and PIPE issuance peaked …. We find that bank characteristics predict issuance whereas trading indicators influence issuance type. Large, well … selective. Bank illiquidity was another incentive to issue. Banks with lower trading activity and wider spreads were more likely …
Persistent link: https://www.econbiz.de/10012985362
greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks — and hence the …
Persistent link: https://www.econbiz.de/10012830720
greater insider ownership leads to less equity issuances. Several tests are consistent with the view that bank insiders are … between bank equity and lending, the results stress that ownership structure can shape the resilience of banks—and hence the …
Persistent link: https://www.econbiz.de/10013243792
Life insurers' odds of being placed under regulatory control (for example, conservatorship or receivership) during the financial crisis years of 2008 and 2009 increased with deteriorating fundamentals at a much higher rate than during normal times or during the previous recession. However, no...
Persistent link: https://www.econbiz.de/10011602485
This paper investigates the impact of ETF ownership on seasoned equity offerings (SEOs). We find that increases to firms’ ETF ownership is positively related to their propensity to conduct an SEO. ETF ownership is also associated with less negative SEO announcement returns, smaller discounts,...
Persistent link: https://www.econbiz.de/10014258567
banking sectors due to a missing ability to monitor bank managers. Our results underline that these problems appear to mislead … significantly influencing the risk-taking attitudes of bank managers. Particularly, we intend to substantiate the theory that banks … bank managers showing an unreasonable risk-taking behavior. In a first stage, we rely on a theoretical model explaining …
Persistent link: https://www.econbiz.de/10009515838