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Creditor Rights, Systemic Risk and Bank Regulations : Evidence from Cross-Country Study

Haddad, Christian - 2016

In this paper, we investigate the extent in which creditor rights protection in bankruptcy induces banks to take more risk, leading to a higher level of systemic risk in the financial system. We apply ∆CoVaR, introduced by Adrian and Brunnermeier (2011), as the measure of systemic risk. Our...

Persistent link: https://www.econbiz.de/10013002804

Creditor Rights and Bank Capital Decisions : Conventional vs. Islamic Banking

Bitar, Mohammad - 2018

Using a sample of banks operating in 24 countries, we provide robust evidence that stronger creditor rights are associated with higher capital adequacy ratios of conventional banks but not of Islamic banks. Such results are more effective on bank core capital, suggesting that bank managers tend...

Persistent link: https://www.econbiz.de/10012927532

Creditor Rights and Corporate Bond Market

Gu, Xian - 2015

We examine whether investor protection affects capital markets in terms of the development of corporate bond markets versus that of equity markets. Using a dataset of 42 countries, we show that in countries with stronger creditor rights, corporate bond markets are more developed than equity...

Persistent link: https://www.econbiz.de/10013031439

Two Sides of the Same Coin Insolvency Risk Measurement and Capital Adequacy Rules for Basel III

Gan, Vincent B.Y. - 2017

This paper studies the economic and theoretical foundations of insolvency risk measurement and capital adequacy rules … measuring insolvency risk and capital adequacy in Basel III. We show how insolvency risk measurement, capital adequacy and … integrated measure of risk and capital by disentangling assets, debt and equity; the Firm Insolvency Risk Index (FIRI) that is …

Persistent link: https://www.econbiz.de/10012959099

Does IFRS 9 Increase Banks’ Resilience?

Kund, Arndt-Gerrit; Rugilo, Daniel - 2023

IFRS 9 substantially affects the financial sector by changing the impairment methodology for credit losses. This paper analyzes the implications of the change from IAS 39 to IFRS 9 in the context of bank resilience. We shed light on two effects. First, the “cliff-effect”, which refers to...

Persistent link: https://www.econbiz.de/10014256982

Debt Priority Structure, Market Discipline and Bank Conduct

Danisewicz, Piotr - 2017

We examine how debt priority structure affects bank funding costs and soundness. Leveraging an unexplored natural experiment that changes the priority of claims on banks' assets, we document asymmetric effects that are consistent with changes in monitoring intensity by various creditors...

Persistent link: https://www.econbiz.de/10012948478

Competing creditor claims and loan recoverability : Evidence from anti-recharacterization laws

Kim, Yongtae; Saffar, Walid; Zhang, Janus Jian - 2021

Using the state-level adoption of anti-recharacterization laws (ARLs), this paper examines how strengthening the rights of some creditors affects other creditors’ claims. The adoption of an ARL significantly increases the rights of securitization creditors by denying bankruptcy court judges’...

Persistent link: https://www.econbiz.de/10013239844

Quiet Life No More? Corporate Bankruptcy and Bank Competition

Gormley, Todd A. - 2016

Pursuing delinquent borrowers requires considerable effort, and creditors may lack the incentive to exert this costly effort in uncompetitive banking sectors. To examine this, we use a uniquely large dataset of public and private corporate bankruptcy filings spanning a banking-sector reform that...

Persistent link: https://www.econbiz.de/10013008936

Creditor Protection, Judicial Enforcement and Credit Access

Maresch, Daniela - 2015

the Survey on the Access to Finance of Enterprises (European Central Bank) and data from the World Bank, the Heritage …

Persistent link: https://www.econbiz.de/10013018269

Country Creditor Rights, Information Sharing, and Commercial Banks’ Profitability

Amor-Tapia, Borja - 2010

The authors analyze commercial banks' profitability (return on equity, ROE) at different levels of creditor rights and an aggregate score of information sharing in terms of credit bureaus. After controlling for bank size and some macroeconomic variables, the results indicate that profitability...

Persistent link: https://www.econbiz.de/10013135039

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