We extend the literature on the effects of managerial entrenchment to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded, highest-level U.S....

Banks have been historically the most important kind of financial intermediaries. In Nigeria, they account for more than 60 percent of the market capitalization of quoted firms on the Nigerian Stock Exchange. Even though, there have been many well-known studies on the relationship between...

This paper briefly reviews the existing methods of capacity utilization in nonparametric framework from economic perspectives, and then suggests an alternative in the light of limitations therein. In the spirit of work by Coelli et al. [Coelli, T.J., Grifell-Tatje, E., Perelman, S., 2002....

This paper examines the relationship between size and scale economies of cooperative banks in Japan (namely Shinkin and credit cooperatives). We use the translog cost-function methodology and intermediation approach coupled with a large set of both cross-sectional and panel data over the period...

This paper uses a large firm-level data set of UK companies and information on their pre-crisis lending relationships to identify the causal links from changes in credit supply to the real economy following the 2008 financial crisis. Controlling for demand in the product market, we find that the...

Grifell-Tatje and Lovell (Grifell-Tatje, E., Lovell, C.A.K., 1999. Profits and productivity. Management Science 45, 1177-1193) made significant contributions to the literature on the extended radial DEA framework by decomposing profit change into six mutually exclusive components. Their...

This paper analyzes the impact of the internal governance mechanisms on the bank performance of the thirty European commercial banks. This paper uses a technique of static panel data over the period 2004 to 2009. The results of our paper suggest that the relationship between the executive...