Search Results - subject:"“too big to fail”"

Understanding the market reaction to shockwaves: Evidence from the failure of Lehman Brothers

Dumontaux, Nicolas; Pop, Adrian - In: Journal of Financial Stability 9 (2013) 3, pp. 269-286

The spectacular failure of the 150-year-old investment bank Lehman Brothers on September 15th, 2008 was a major turning point in the global financial crisis that broke out in the summer of 2007. Through the use of stock market data and credit default swap (CDS) spreads, this paper examines...

Persistent link: https://www.econbiz.de/10011046547

Competition in fragmented markets: New evidence from the German banking industry in the light of the subprime crisis

Moch, Nils - In: Journal of Banking & Finance 37 (2013) 8, pp. 2908-2919

Of all of the EU member states, Germany has the largest banking market. However, not all German banking institutions necessarily face fierce competition. Because the industry is highly fragmented, strict separation of the three existing banking pillars may impede competition, with negative...

Persistent link: https://www.econbiz.de/10010679279

Firm size and risk taking in Malaysia's insurance industry

Ng, Tuan Hock; Chong, Lee Lee; Ismail, Hishamuddin - In: Journal of Risk Finance 14 (2013) July, pp. 378-391

Malaysia's insurance sector only. Originality/value – Advocates of the too-big-to-fail (TBTF) theory believe that government …

Persistent link: https://www.econbiz.de/10010691549

The stock market reaction to the public announcement of a supranational list of too-big-to-fail banks during the financial crisis

Abreu, José Filipe; Gulamhussen, Mohamed Azzim - In: Journal of International Financial Markets, … 25 (2013) C, pp. 49-72

In the aftermath of the global financial meltdown, regulators initiated a process to strengthen the regulation of too-big-to-fail …

Persistent link: https://www.econbiz.de/10010665655

Too Big to Fail: Causes, Consequences, and Policy Responses

Strahan, Philip E. - In: Annual Review of Financial Economics 5 (2013) 1, pp. 43-61

. This too-big-to-fail (TBTF) problem distorts how markets price securities issued by TBTF firms, thus encouraging them to …

Persistent link: https://www.econbiz.de/10010709607

Who said large banks don’t experience scale economies? Evidence from a risk-return-driven cost function

Hughes, Joseph P.; Mester, Loretta J. - In: Journal of Financial Intermediation 22 (2013) 4, pp. 559-585

economies or too-big-to-fail subsidies. Estimating scale economies is made more complex by risk-taking. Better diversification … endogenous risk-taking finds large scale economies, which are not driven by too-big-to-fail considerations. We evaluate the costs …

Persistent link: https://www.econbiz.de/10010719498

Bank stability and managerial compensation

Bai, Gang; Elyasiani, Elyas - In: Journal of Banking & Finance 37 (2013) 3, pp. 799-813

We investigate the relationship between insolvency risk and executive compensation for BHCs over the 1992–2008 period. We employ CEO compensation sensitivity to risk (vega) and pay-share inequality between the CEO and other executives as measures of compensation and employ a system model to...

Persistent link: https://www.econbiz.de/10010608681

AIG's announcements, Fed's innovation, contagion and systemic risk in the financial industries

Safa, M. Faisal; Hassan, M. Kabir; Maroney, Neal C. - In: Applied financial economics 23 (2013) 16/18, pp. 1337-1348

Persistent link: https://www.econbiz.de/10010259445

Understanding the market reaction to shockwaves : evidence from the failure of Lehman Brothers

Dumotaux, Nicolas; Pop, Adrian - In: Journal of financial stability 9 (2013) 3, pp. 269-286

Persistent link: https://www.econbiz.de/10010237087

The stock market reaction to the public announcement of a supranational list of too-big-to-fail banks during the financial crisis

Abreu, José Filipe; Gulamhussen, Mohamed Azzim - In: Journal of international financial markets, … 25 (2013), pp. 49-72

Persistent link: https://www.econbiz.de/10009762806