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We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012418825
We collect new data to assess the importance of supply-side credit market frictions by studying the impact of financial sector recapitalization packages on the growth performance of firms in a large cross-section of 50 countries during the recent crisis. We develop an identification strategy...
Persistent link: https://www.econbiz.de/10008876580
This paper assesses the impact of the geographic diversification of bank holding company (BHC) assets across the United States on their market valuations. Using two novel identification strategies based on the dynamic process of interstate bank deregulation, we find that exogenous increases in...
Persistent link: https://www.econbiz.de/10009654142
We evaluate the role of insider ownership in shaping banks' equity issuances in response to the global financial crisis. We construct a unique dataset on the ownership structure of U.S. banks and their equity issuances and discover that greater insider ownership leads to less equity issuances....
Persistent link: https://www.econbiz.de/10012422173
This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to...
Persistent link: https://www.econbiz.de/10008559265
This paper presents a new database on the timing of systemic banking crises and policy responses to resolve them. The … database covers the universe of systemic banking crises for the period 1970-2007, with detailed data on crisis containment and …. The database extends and builds on the Caprio, Klingebiel, Laeven, and Noguera (2005) banking crisis database, and is the …
Persistent link: https://www.econbiz.de/10005599378
En este documento mostramos que los incentivos privados afectan a la asignación de préstamos con aval público (PGL), lo que da como resultado que los bancos más débiles hayan acabado transfiriendo el riesgo de los préstamos con empresas más arriesgadas a los contribuyentes. En cuanto a la...
Persistent link: https://www.econbiz.de/10014331204
Persistent link: https://www.econbiz.de/10011507452
to avoid imposing losses on bank creditors or resorting to public recapitalizations of banks in past banking crises. The …
Persistent link: https://www.econbiz.de/10011453230
Loan loss provisions in the euro area are negatively related to GDP growth, i.e., they are procyclical. Loan loss provisions tend to be more procyclical at larger and better capitalized banks. The procyclicality of loan loss provisions can explain about two-thirds of the variation of bank...
Persistent link: https://www.econbiz.de/10012015566