default risk and performance in bank holding companies (BHCs) during the recent credit crisis. Using a sample of 371 BHCs, we … bank in BHCs that paid their CEOs relatively higher inside debt …

We study a structural model of individual bank defaults across the banking sector; banks are interconnected through …

capture common factors in the residuals. We reproduce the puzzle for European bank credit spreads and hypothesize that the … information contagion through bank business model similarities. To capture this channel, we propose an intuitive measure for …

channel of the risk contagion theory by showing that a bank's credit risk Beta (a bank's sensitivity to sovereign risk …Using information in US and European bank and sovereign CDS spreads we study the systematic component of banks' credit … sovereign default risk is a significant factor of bank default risk. During the period 2008-2014, on average US banks are much …

We study how optimal bank capital and bond risk are influenced by deposit insurance, implicit guarantees, depositor … preference, asset encumbrance, and bail-in resolution frameworks. We find that these features of bank financing change the … optimal amount of bank capital. The net effect on bond debt risk and valuation is small, while the effects on shareholder …

impact on banks' asset risk differs across bank business models …

This study investigates the link between capital market discipline and bank-level credit risk with a special emphasis … on the role of bank ownership structure. Focusing on a large emerging market, Turkey, characterized by prominent state … bank presence, our baseline regression results indicate that banks’ stock price volatility elevates in response to the …