Similar Search Results

Corporate Governance and Risk Management at Unprotected Banks : National Banks in the 1890s

Calomiris, Charles W. - 2014

Managers' incentives may conflict with those of shareholders or creditors, particularly at leveraged, opaque banks …

Persistent link: https://www.econbiz.de/10013059443

Mode Effects in Mixed-Mode Economic Surveys : Insights from a Randomized Experiment

Hsu, Joanne W. - 2015

, questions exist about the comparability of data gathered using a web interview and data gathered using more traditional survey … modes, particularly for surveys on household economic behavior. Differences between data from different survey modes may … sample selectivity issues. In particular, we examine differences in survey response rates, item nonresponse, and data quality …

Persistent link: https://www.econbiz.de/10013027343

Workplace Automation and Corporate Liquidity Policy

Wang, Jessie Jiaxu - 2023

Using an occupational probability of computerization, we measure a firm’s ability to replace labor with automated capital. Our evidence suggests that the potential to automate a workforce enhances operating flexibility, allowing firms to hold less precautionary cash. To provide evidence for...

Persistent link: https://www.econbiz.de/10014354760

Predicting Operational Loss Exposure Using Past Losses

Curti, Filippo - 2016

Operational risk models, such as the loss distribution approach, frequently use past internal losses to forecast operational loss exposure. However, the ability of past losses to predict exposure, particularly tail exposure, has not been thoroughly examined in the literature. In this paper, we...

Persistent link: https://www.econbiz.de/10012999684

Interest Rate Risk and Bank Equity Valuations

English, William B. - 2012

Because they engage in maturity transformation, a steepening of the yield curve should, all else equal, boost bank profitability. We re-examine this conventional wisdom by estimating the reaction of bank intraday stock returns to exogenous fluctuations in interest rates induced by monetary...

Persistent link: https://www.econbiz.de/10013106774

The Cross-Market Spillover of Economic Shocks Through Multi-Market Banks

Berrospide, Jose M. - 2013

This paper investigates the mortgage lending of banks operating in multiple U.S. metropolitan areas during the housing market collapse of 2007-2009. Some metro areas in the U.S. suffered much greater mortgage defaults than others. We use this regional variation to identify whether high mortgage...

Persistent link: https://www.econbiz.de/10013074441

Community Bank Performance : How Important are Managers?

Amel, Dean F. - 2014

. Variables within managers' control account for between 70 percent and 96 percent of the total explanatory power of equations …

Persistent link: https://www.econbiz.de/10013055695

Spectral backtests of forecast distributions with application to risk management

Gordy, Michael B.; McNeil, Alexander J. - 2018

We study a class of backtests for forecast distributions in which the test statistic is a spectral transformation that weights exceedance events by a function of the modeled probability level. The choice of the kernel function makes explicit the user's priorities for model performance. The class...

Persistent link: https://www.econbiz.de/10011927115

Forward-Looking and Incentive-Compatible Operational Risk Capital Framework

Migueis, Marco - 2020

This paper proposes an alternative framework to set banksâ€™ operational risk capital, which allows for forward-looking assessments and limits gaming opportunities by relying on an incentive-compatible mechanism. This approach would improve upon the vulnerability to gaming of the AMA and...

Persistent link: https://www.econbiz.de/10012853833

Banks as regulated traders

Falato, Antonio; Iercosan, Diana; Zikes, Filip - 2018

This paper uses detailed high-frequency regulatory data to evaluate whether trading increases or decreases systemic risk in the U.S. banking sector. We estimate the sensitivity of weekly bank trading net profits to a variety of aggregate risk factors, which include equities, fixed-income,...

Persistent link: https://www.econbiz.de/10012017492