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lower interest rates on bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining … power with banks. Issuer firms also reduce the amount of used bank credit, expand their total and fixed assets, and raise …
Persistent link: https://www.econbiz.de/10012419623
bank credit conditions for issuer firms, both at the firm-bank and firm level. We compare new loans granted to issuer firms … bank loans of the same maturity than non-issuer firms, suggesting an improvement in their bargaining power with banks. In … addition, issuer firms reduce the amount of used bank credit but increase the overall amount of available external funds …
Persistent link: https://www.econbiz.de/10012390449
Market risk reporting in banking has assumed such importance during the last decade. The purpose of this paper is to provide a methodology to evaluate the qualitative and quantitative profiles of the market risk disclosure in banking. We propose a hybrid methodology to assess whether or not...
Persistent link: https://www.econbiz.de/10012934301
Persistent link: https://www.econbiz.de/10009504773
empirical support. We conclude that bank equity is not socially expensive, and that high leverage at the levels allowed, for …
Persistent link: https://www.econbiz.de/10010203632
We investigate the effect of managerial incentives and market power on bank risk-taking for a sample of 212 large US … bank holding companies over 1997-2004 (i.e. 1,534 observations). Bank managers have incentives to prefer less risk while … bank shareholders have preference for ‘excessive' risk. Likewise, the market power is the centre piece of any bank …
Persistent link: https://www.econbiz.de/10013133995
Bank of Scotland with those at non-ailing banks in the UK; the other compares remuneration policies at UBS and Credit …
Persistent link: https://www.econbiz.de/10013136173
To be effective, programs of regulatory reform must address the incentive conflicts that intensify financial risk-taking and undermine government insolvency detection and crisis management. Subsidies to risk taking that large institutions extract from the financial safety net encourage managers...
Persistent link: https://www.econbiz.de/10013140025
a broad panel of large US bank holding companies over the period 1997–2011, we find that both board size and independent … directors decrease bank performance. Although gender diversity improves bank performance in the pre-Sarbanes–Oxley Act (SOX … other sensitivity checks including alternative proxies for bank performance …
Persistent link: https://www.econbiz.de/10013114373
The paper provides the IMF staff views on policy options to mitigate the risks posed by institutions perceived as too-important-to-fail (“TITF"). These institutions have become bigger and more complex since the crisis, and risky practices have started to reappear. The paper emphasizes the need...
Persistent link: https://www.econbiz.de/10013124367