Showing 1 - 10 of 1,328
In August 2007 the United Kingdom experienced its first bank run in over 140 years. Although Northern Rock was not a … particularly large bank (it was at the time ranked 7th in terms of assets) it was nevertheless a significant retail bank and a … outside the bank as depositors rushed to withdraw their deposits. There was always a fear that this could spark a systemic run …
Persistent link: https://www.econbiz.de/10011689937
A dynamic process underlying firms' discrete financial choices has previously been found, but without controlling for unobserved heterogeneity, this dependence can either be of a true nature or an effect of firm-specific characteristics that we cannot observe. This study extends previous...
Persistent link: https://www.econbiz.de/10010321743
Persistent link: https://www.econbiz.de/10010475180
ability of a bank to restructure the borrower's firm in the case of distress, the possibility to appropriate private benefits …
Persistent link: https://www.econbiz.de/10010316267
the financial crisis 2008-09 was significantly higher for firms with a weak bank than for comparable firms with a sound … bank. Second, non-defaulting firms with a weak bank did not have a lower return on assets during the financial crisis 2008 …-09 than comparable firms with a sound bank. Taken together, these results may indicate the presence of heterogeneous effects …
Persistent link: https://www.econbiz.de/10010321165
goes public, it can engage an investment bank that is related through a common main bank, or can select an alternative … investment bank. The main bank relationship can be an efficient way for the investment bank to acquire information generated by … the main bank, but may give rise to conflicts of interest. We use data from two different investment banking regimes in …
Persistent link: https://www.econbiz.de/10010263296
goes public, it can engage an investment bank that is related through a common main bank, or can select an alternative … investment bank. The main bank relationship can be an efficient way for the investment bank to acquire information generated by … the main bank, but may give rise to conflicts of interest. We use data from two different investment banking regimes in …
Persistent link: https://www.econbiz.de/10010276761
Globally, the unravelling of the corporate scandals leading to big multinational firms stumbling down to bankruptcy suits caused enormous loss of wealth to the investors. This study explores how the earnings management and capital structure can signal an early stage of the distressed financial...
Persistent link: https://www.econbiz.de/10015074040
A healthy banking system is a fundamental condition for financial stability. When assessing the riskiness of the banking system, analysts often restrict their focus to large banks. This may create a distorted picture in countries like Germany with fragmented banking systems. In Germany, savings...
Persistent link: https://www.econbiz.de/10010295893
This paper empirically investigates the causes of bank failures in Japan and Indonesia. Using logistic regression … analysis of financial ratios, we explore the usefulness of domestic bank failure prediction models with a cross-country model …, deposits and in some cases the ratio of non-performing loans, are the most significant predictors of bank failure in both Japan …
Persistent link: https://www.econbiz.de/10010279751