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Universal banks and corporate control: evidence from the global syndicated loan market

Ferreira, Miguel A.; Matos, Pedro - 2009

Banks play a role in the corporate governance of firms as well as acting as debt financiers around the world. Universal banks can have control over borrowing firms by representation on the board of directors or by holding shares through direct stakes or institutional holdings. We investigate the...

Persistent link: https://www.econbiz.de/10011605112

The impact of central bank liquidity support on banks' balance sheets

de Haan, Leo; Holton, Sarah; van den End, Jan-Willem - 2019

We empirically analyse the relationship between longer term central bank liquidity support and banks' balance sheet ratios, using difference-in-differences panel regressions and propensity score matching on a large sample of banks in the euro area. The research question is whether the liquidity...

Persistent link: https://www.econbiz.de/10012142170

Do bank insiders impede equity issuances?

Goetz, Martin; Laeven, Luc; Levine, Ross - 2021

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

The impact of public guarantees on bank risk taking: evidence from a natural experiment

Gropp, Reint E.; Gruendl, Christian; Guettler, Andre - 2010

In 2001, government guarantees for savings banks in Germany were removed following a law suit. We use this natural experiment to examine the effect of government guarantees on bank risk taking, using a large data set of matched bank/borrower information. The results suggest that banks whose...

Persistent link: https://www.econbiz.de/10011605318

The Determinants of Bank Capital Structure

Gropp, Reint - 2009

The paper shows that mispriced deposit insurance and capital regulation were of second order importance in determining the capital structure of large U.S. and European banks during 1991 to 2004. Instead, standard cross-sectional determinants of non-financial firms' leverage carry over to banks,...

Persistent link: https://www.econbiz.de/10013156092

Rational Blinders : Strategic Selection of Risk Models and Bank Capital Regulation

Colliard, Jean-Edouard - 2014

in the banking sector. Instead, the strategic use of risk models can be avoided by imposing penalties on banks with low …

Persistent link: https://www.econbiz.de/10013059120

Bridging the Banking Sector with the Real Economy : A Financial Stability Perspective

Costeiu, Adrian - 2013

This paper builds a macro-prudential tool designed to assess whether the banking sector is adequately prepared to … banking sector and the real sector is established via the corporate sector channel. The macro-prudential tool consists of a … order to capture the feedback effects from the macroeconomic stance into the banking sector, via the corporate sector …

Persistent link: https://www.econbiz.de/10013075928

Bank Risk During the Financial Crisis : Do Business Models Matter?

Altunbas, Yener - 2011

We exploit the 2007-2009 financial crisis to analyze how risk relates to bank business models. Institutions with higher risk exposure had less capital, larger size, greater reliance on short-term market funding, and aggressive credit growth. Business models related to significantly reduced bank...

Persistent link: https://www.econbiz.de/10013119519

A Dynamic Model of Bank Behaviour under Multiple Regulatory Constraints

Behn, Markus - 2019

We develop a dynamic structural model of bank behaviour that provides a microeconomic foundation for bank capital and liquidity structures and analyses the effects of changes in regulatory capital and liquidity requirements as well as their interaction. Our findings suggest that adjustments in...

Persistent link: https://www.econbiz.de/10012893728

Bank Credit and Market-Based Finance for Corporations : The Effects of Minibond Issuances

Ongena, Steven; Pinoli, Sara; Rossi, Paola; Scopelliti, … - 2021

We study the effects of the diversification of funding sources on the financing conditions for firms. We exploit a regulatory reform which took place in Italy in 2012, i.e., the introduction of “minibonds”, which opened a new market-based funding opportunity for unlisted firms. Using the...

Persistent link: https://www.econbiz.de/10013314794