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CDS and equity market reactions to stock issuances in the U.S. financial industry : evidence from the 2002-13 period

Cornett, Marcia Millon; Mehran, Hamid; Pan, Kevin; … - 2014

We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...

Persistent link: https://www.econbiz.de/10010423809

Commercial bank performance and credit risk in Albania

Kola, Fatmira; Gjipali, Arsena; Sula, Erjon - In: Journal of central banking theory and practice 8 (2019) 3, pp. 161-177

The banking sector is a complex system composed of a large number of stakeholders that interacts in a non-simple way … risk in the banking sector that affect the bank performance, as it exhibits loss probability because of the failure of … total loans, representing the major obstacle to the development and performance of the banking sector in Albania. The …

Persistent link: https://www.econbiz.de/10012101508

Does a financial crisis change a bank's exposure to risk? : a difference-in-differences approach

Mäkinen, Mikko - 2021

Can a major financial crisis trigger changes in a bank's risk-taking behavior? Using the 2008 Global Financial Crisis as a quasi-natural experiment and a difference-in-differences approach, I examine whether the worst crisis-hit Russian banks - the banks that have strong incentives to...

Persistent link: https://www.econbiz.de/10012522990

Should I Stay or Should I Go? Firms’ Mobility Across Banks in the Aftermath of Financial Turmoil

Arnaudo, Davide - 2017

. Firms that started new banking relationships were able to maintain or even increase their outstanding loans. These firms …

Persistent link: https://www.econbiz.de/10012963383

Systemic Risk in the Italian Banking Sector

Borri, Nicola - 2015

Systemic risk is the risk of a collapse of the entire financial system, typically triggered by the default of one, or more, interconnected financial institutions. In this paper we estimate the systemic risk contribution of Italian listed banks for the period 2000-2011. We follow a methodology...

Persistent link: https://www.econbiz.de/10013029151

Financial Crisis, Liquidity Infusion and Risk-Taking : The Case of Canadian Banks

Otchere, Isaac K. - 2015

We examine the effects of government liquidity infusion on the risk taking behavior of Canadian banks and find that banks that received government financial assistance subsequently experienced a decrease in risk. The reduction in risk is induced by a shift from non-interest income related...

Persistent link: https://www.econbiz.de/10013029303

Assessing Bank Leverage Through Flows : An Early Warning Tool of Risk-Taking

Villar Burke, Javier - 2015

This paper discusses the concept of leverage, its components and how to measure and monitor it. It proposes an innovative approach to assessing leverage based on flows using the concept of a marginal leverage ratio, which reveals the leverage related to new activities, as a valuable supplement...

Persistent link: https://www.econbiz.de/10013031638

Bank CEO Optimism and the Financial Crisis

Ma, Yueran - 2015

I test theories of the recent financial crisis by studying how banks' pre-crisis investments connect to their CEOs' beliefs. Using different proxies for beliefs, I find banks with larger housing investments and worse crisis performance had CEOs who were more optimistic ex ante. Banks with the...

Persistent link: https://www.econbiz.de/10013034225

Lending Relationships and the Effect of Bank Distress : Evidence from the 2007-2009 Financial Crisis

Carvalho, Daniel R. - 2015

We study the transmission of bank distress to nonfinancial firms from 34 countries during the 2007-2009 financial crisis using systemic and bank-specific shocks. We find that bank distress is associated with equity valuation losses and investment cuts to borrower firms with the strongest lending...

Persistent link: https://www.econbiz.de/10013038497

The Impact of Global Financial Crisis on Shareholder Value and Operational Efficiency of Banks

U-Din, Salah - 2018

This paper investigates whether banks were able to create value for their shareholders after the Global Financial Crisis (GFC) and whether operational efficiency is related to shareholder value creation in informationally efficient stock markets. The impact of GFC on bank efficiency and...

Persistent link: https://www.econbiz.de/10012913163