Showing 1 - 8 of 8
been indeed related to worse performance in countries with explicit deposit insurance and weaker monitoring by shareholders …, combined with weak insiders’ monitoring, exacerbates the risk-shifting attitude by managers. …
Persistent link: https://www.econbiz.de/10010798816
In a model where banks play an active role in monitoring borrowers, we analyze the impact of securitization on bankers …
Persistent link: https://www.econbiz.de/10010743856
firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the … benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts … less profitable, and poor financial integration, regulation and inefficient judicial systems increase monitoring costs …
Persistent link: https://www.econbiz.de/10010745086
This paper shows how separation of ownership and control may arise as a response to overload costs, despite agency costs, and how conglomerates arise as solution to information asymmetries in capital markets. In a context where entrepreneurs have the ability to run projects and improve their...
Persistent link: https://www.econbiz.de/10010745110
When a firm has external debt and monitoring by shareholders is essential, managerial bonuses are shown to be an … shareholders, but also between creditors and monitoring shareholders. A negative relation between corporate bond yields and …
Persistent link: https://www.econbiz.de/10010746076
been indeed related to worse performance in countries with explicit deposit insurance and weaker monitoring by shareholders …, combined with weak insiders' monitoring, exacerbates the risk-shifting attitude by managers. …
Persistent link: https://www.econbiz.de/10011106153
and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the benefit … of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts … less profitable, and poor financial integration, regulation and inefficient judicial systems increase monitoring costs …
Persistent link: https://www.econbiz.de/10010986458
firms and banks are subject to moral hazard and monitoring is essential. Multiple-bank lending is optimal whenever the … benefit of greater diversification in terms of higher monitoring dominates the costs of free-riding and duplication of efforts … less profitable, and poor financial integration, regulation and inefficient judicial systems increase monitoring costs …
Persistent link: https://www.econbiz.de/10005649069