Search Results - subject:"risk‐shifting"

Public guarantees, private banks' incentives, and corporate outcomes: Evidence from the COVID-19 crisis

Jiménez, Gabriel; Laeven, Luc; Martinez-Miera, David; … - 2024

We show that public guaranteed loans (PGL) increase credit availability improving real effects, but private banks' incentives imply that weaker banks shift riskier corporate loans to taxpayers. We exploit credit register data during the COVID-19 shock in Spain, and a stylized model guides the...

Persistent link: https://www.econbiz.de/10014543611

Payout restrictions and bank risk-shifting

Fringuellotti, Fulvia; Kroen, Thomas - 2024

What are the effects of payout restrictions on bank risk-shifting? To answer this question, we exploit the restriction … equityholders. Consistent with a risk-shifting channel, we find that these effects revert once restrictions are lifted. Moreover … affect bank risk-shifting incentives. …

Persistent link: https://www.econbiz.de/10015096878

Does risk-taking increase or decrease with higher interest rates?

Dam, Kaniska; Sengupta, Rajdeep - 2024

Persistent link: https://www.econbiz.de/10015065988

The incentive effects of the overlapping project structure in credit markets

Niinimäki, Juha-Pekka - In: Journal of economics and business 128 (2024), pp. 1-16

Persistent link: https://www.econbiz.de/10015066028

Public guarantees, private banks' incentives, and corporate outcomes : evidence from the COVID-19 crisis

Jiménez, Gabriel; Laeven, Luc; Martinez-Miera, David; … - 2024

Persistent link: https://www.econbiz.de/10014490453

The interaction between equity-based compensation and debt in managerial risk choices

Glória, Carlos Miguel; Dias, José Carlos; Ruas, João … - In: Review of derivatives research 27 (2024) 3, pp. 227-258

Persistent link: https://www.econbiz.de/10015133986

Corporate payout policy: are financial firms different?

Caiazzo, Emmanuel; Gambacorta, Leonardo; Oliviero, Tommaso - 2024

Persistent link: https://www.econbiz.de/10014520738

Payout restrictions and bank risk-shifting

Fringuellotti, Fulvia; Kroen, Thomas - 2024

Persistent link: https://www.econbiz.de/10015069778

Do firms gamble for resurrection from COVID-19?

Bai, Min; Zhang, Yuqi; Yu, Chia-Feng - In: Economics letters 241 (2024), pp. 1-3

Persistent link: https://www.econbiz.de/10015078581

Risk-shifting, concentration risk, and heterogeneous borrowers

Fittje, Jens - In: International Economics and Economic Policy 20 (2023) 4, pp. 509-536

This article analyzes the effect of endogenous valuations-based capital requirements on risk-shifting in a closed … easing. The movement of the capital requirements is asymmetric, which creates a risk-shifting impulse. Sticky bank capital …

Persistent link: https://www.econbiz.de/10015198566