The number of firm bankruptcies is surprisingly low in economies with poor institutions. We study a model of bank …-firm relationship and show that the bank's decision to liquidate bad firms has two opposing effects. First, the bank gets a payoff if a …

Method. In order to do this, 15 ratios which show the capital adequacy, liquidity, asset quality and profitability criteria … of countries worldwide. Although participation banks do not have a long history, they were included in the Bank Law of … results of the analysis is; Kuveyt Türk Participation Bank, Türkiye Finans Participation Bank, Albaraka Türk Participation …

legacy of a debt overhang that dramatically constrained bank lending and served as a drag on economic growth in the post … inflation, while bank profitability as a proxy for management quality plays a significant role in constraining loan defaults. By … linkages between the macro-financial vulnerabilities and a wide range of bank specific variables in 20 emerging European …

Why do some economic systems depend on bank financing while others rely on capital markets and bond financing? We … propose a political economy model in which elites favor a bank-based system, which increases their rents due to reduced … evolution of the bank-based financial system in Germany since the 19th century. …