Showing 1 - 10 of 399
This paper examines how corporate governance and executive compensation affect bank capitalization strategies for an … to give rise to lower bank capitalization. Boards of intermediate size, separation of the CEO and chairman roles, and an … absence of anti-takeover provisions, in particular, lead to low bank capitalization. However, executive options and stock …
Persistent link: https://www.econbiz.de/10011083556
This paper finds that shareholder-friendly corporate governance is positively associated with bank insolvency risk, as …-2008 period. Banks are special in that ‘good’ corporate governance increases bank insolvency risk relatively more for banks that … capital ratio. Furthermore, ‘good’ corporate governance is associated with more bank risk taking at times of rapid economic …
Persistent link: https://www.econbiz.de/10011084512
A new amendment to the Law on Credit Unions (CU) dated November 5, 2009, will pass CU supervision to the Polish Financial Services Authority (PFSA), the body that regulates other financial institutions in Poland. Currently, CUs (also known as SKOKs by their Polish acronym) are regulated under...
Persistent link: https://www.econbiz.de/10012557527
microfinancing. Several MFIs, and one CU, expressed some desire to borrow from the World Bank. The report finds this promising, as … taxed earnings with other means of capitalization to maintain the same capital reserves. The report recommends that the Bank …
Persistent link: https://www.econbiz.de/10012557608
The reform of the Rural Credit Unions (RCUs) currently faces a number of major inter-related challenges. These must be resolved if China is to create a 'modern rural financial system'. The key issues facing policy-makers are: Consolidating independent shareholder ownership in order to realize...
Persistent link: https://www.econbiz.de/10012557816
foreigners. We use a bank-level panel data set spanning all British and foreign banks providing loans within the United Kingdom …," domestic (British) loans of a bank expressed as a fraction of its total loan activity. We also study effective short …
Persistent link: https://www.econbiz.de/10009024484
Today’s regulatory rules, especially the easily-manipulated measures of regulatory capital, have led to costly bank … failures. We design a robust regulatory system such that (i) bank losses are credibly borne by the private sector (ii …) systemically important institutions cannot collapse suddenly; (iii) bank investment is counter-cyclical; and (iv) regulatory …
Persistent link: https://www.econbiz.de/10011083692
creating counter-cyclical incentives for banks to raise capital, and so encourage bank lending in bad times. They avoid the …
Persistent link: https://www.econbiz.de/10011083972
Using a stochastic frontier model and a comprehensive dataset, we study factors that affect corporate efficiency in Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate efficiency, and (iii) high competition is less...
Persistent link: https://www.econbiz.de/10011213309
This paper surveys recent work on competition in markets in which consumers face costs to switching between competing firms' products, even when all firms' products are functionally identical. I address issues in macroeconomics, international trade and industrial organization: In a market with...
Persistent link: https://www.econbiz.de/10005123734