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Corporate performance, board structure, and their determinants in the banking industry

Adams, Renée B. (contributor); Mehran, Hamid (contributor) - 2008

The subprime crisis highlights how little we know about the governance of banks. This paper addresses a long-standing gap in the literature by analyzing board governance using a sample of banking firm data that spans forty years. We examine the relationship between board structure (size and...

Persistent link: https://www.econbiz.de/10003781557

Transformation of corporate scope in U.S. banks : patterns and performance implications

Cetorelli, Nicola; Jacobides, Michael G.; Stern, Samuel - 2017

Using a novel database containing the time-series details of the organizational structure of individual bank holding companies, this paper presents the first population-wide study of the transformation in business scope of U.S. banks. Expanding scope has a negative impact on performance on...

Persistent link: https://www.econbiz.de/10011657521

Stock market reaction to financial statement certification by bank holding company CEOs

Hirtle, Beverly J. (contributor) - 2003 - [Elektronische Ressource]

In 2002, the Securities and Exchange Commission mandated that the chief executive officers of large, publicly traded firms certify the accuracy of their company financial statements. In this paper, I investigate whether CEO certification has had a measurable effect on the stock market valuation...

Persistent link: https://www.econbiz.de/10001783071

Are bank shareholders enemies of regulators or a potential source of market discipline?

Park, Sangkyun (contributor); … - 2001 - [Elektronische Ressource]

In moral hazard models, bank shareholders have incentives to transfer wealth from the deposit insurer - that is, maximize put option value - by pursuing riskier strategies. For safe banks with large charter value, however, the risk-taking incentive is outweighed by the possibility of losing...

Persistent link: https://www.econbiz.de/10001630859

Are bank holding companies a source of strength to their banking subsidiaries?

Ashcraft, Adam B. (contributor) - 2004 - [Elektronische Ressource]

I present evidence that the cross-guarantee authority granted to the FDIC by the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 has unexpectedly strengthened the Federal Reserve's source-of-strength doctrine. In particular, I find that a bank affiliated with a multi-bank...

Persistent link: https://www.econbiz.de/10002128532

The impact of network size on bank branch performance

Hirtle, Beverly J. (contributor) - 2005

Despite recent innovations that might have reduced banks' reliance on brick-and-mortar branches for distributing retail … financial services, the number of U.S. bank branches has continued to increase steadily over time. Further, an increasing … percentage of these branches are held by banks with large branch networks. This paper assesses the implications of these …

Persistent link: https://www.econbiz.de/10002917589

Nonconforming preferences : jumbo mortgage lending and large bank stress tests

Haughwout, Andrew; Morgan, Donald P.; Neubauer, Michael; … - 2022

The 2010s saw a profound shift towards jumbo mortgage lending by large banks that are regulated under the Dodd-Frank Act. Using data from the Home Mortgage Disclosure Act, we show that the "jumbo shift" is correlated with being subject to the Comprehensive Capital Analysis and Review (CCAR)...

Persistent link: https://www.econbiz.de/10013363255

Does the Community Reinvestment Act Improve consumers' access to credit?

Conway, Jacob; Glaser, Jack N.; Plosser, Matthew C. - 2023

We study the impact of the Community Reinvestment Act (CRA) on access to consumer credit since 1999 using an individual-level panel and three distinct identification strategies: a regression discontinuity design centered on a CRA-eligibility cutoff; a comparison of neighboring census blocks; and...

Persistent link: https://www.econbiz.de/10013490642

International banking and nonbank financial intermediation : global liquidity, regulation, and implications

Buch, Claudia M.; Goldberg, Linda S. - 2024

Global liquidity flows are largely channeled through banks and nonbank financial institutions. The common drivers of global liquidity flows include monetary policy in advanced economies and risk conditions. At the same time, the sensitivities of liquidity flows to changes in these drivers differ...

Persistent link: https://www.econbiz.de/10014501217

Discount window stigma after the global financial crisis

Armantier, Olivier; Cipriani, Marco; Sarkar, Asani - 2024

We study Discount Window (DW) stigma, the reluctance to access the Federal Reserve's lender-of-last-resort facility, between 2014 and 2024. Despite increased usage since 2020, we find conclusive evidence that the DW is stigmatized, especially among smaller banks and when financial markets...

Persistent link: https://www.econbiz.de/10015135319