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Financial Intermediary Balance Sheet Management

Adrian, Tobias - 2012

Conventional discussions of balance sheet management by nonfinancial firms take the set of positive net present value (NPV) projects as given, which in turn determines the size of the firm's assets. The focus is on the composition of equity and debt in funding such assets. In contrast, the...

Persistent link: https://www.econbiz.de/10013112974

Financial intermediary balance sheet management

Adrian, Tobias; Shin, Hyun Song - 2011

Persistent link: https://www.econbiz.de/10009411343

Bank Loans and Bond Prices

Weston, James P. - 2020

We test whether bank loans change public bond yields. A 10% increase in bank debt raises bond yields by 15bps, reflecting a trade-off between the benefits of bank cross-monitoring and higher bond risk. This effect is smaller for firms with no CDS and junk debt, where bank monitoring is most...

Persistent link: https://www.econbiz.de/10012851286

Banking Relationships and Financial Decisions of REITs

Chang, Yuanchen; Hsieh, Yi‐Ting; Seah, Kiat Ying; … - 2021

Banking relationships are key factors influencing financing decisions of real estate investment trusts (REITs) that are mandated to hold highly specific assets. Using a comprehensive data set of loan facilities by REITs across different markets, this paper empirically tests the effect of...

Persistent link: https://www.econbiz.de/10014351913

Using REIT Follow-on Equity Offerings to Pay Down Credit Line Balances : Bank Certification or Monitored Financial Flexibility?

Gatčev, Vladimir A.; Nayar, Nandkumar; Price, S. McKay; … - 2022

Using hand collected data from offering prospectuses and other corporate filings, we examine the market response to real estate investment trust (REIT) follow-on stock offerings’ stated uses of proceeds. We also track REIT banking relationships over time. Consistent with the idea of bank...

Persistent link: https://www.econbiz.de/10014236664

Impact of the mobile banking application ratings on the Vietnamese bank service income

Tien Phat Pham; Popesko, Boris; Sinh Duc Hoang; Tri Ba Tran - In: Comparative economic research : Central and Eastern Europe 26 (2023) 1, pp. 171-186

, we investigate the impact of mobile banking application (MBA) ratings on bank service income. The quarterly data from the … impact of MBA ratings on bank service income. We additionally explore the MBA quality of a large bank that does not meet … customer expectations and how the interaction between MBA ratings and leverage harms bank service income. Finally, users …

Persistent link: https://www.econbiz.de/10014339782

The failure mechanics of dealer banks

Duffie, Darrell - Bank für Internationalen Zahlungsausgleich <Basel> - 2010

I explain the key failure mechanics of large dealer banks, and some policy implications. This is not a review of the financial crisis of 2007–2009. Systemic risk is considered only in passing. Both the financial crisis and the systemic...

Persistent link: https://www.econbiz.de/10005870961

The Shaping of Bank Incentive Structures by Strategic Factors Relating to the Drivers of Long-term Value Creation and Sustainability : A Stakeholder Perspective

Laurens, Francois - 2016

The role of bankers' perverse incentives in contributing to the global financial crisis that started in 2007 has increased the need for empirical evidence on the efficacy of bank incentive structures to adequately align the interests of stakeholders. This qualitative study investigated the bonus...

Persistent link: https://www.econbiz.de/10012996139

Banker Loyalty in Mergers and Acquisitions

Tuch, Andrew F. - 2016

When investment banks advise on merger and acquisition (M&A) transactions, are they fiduciaries of their clients, gatekeepers for investors, or simply arm's-length counterparties with no other-regarding duties? Scholars have generally treated M&A advisors as arm's-length counterparties, putting...

Persistent link: https://www.econbiz.de/10013003502

Prelude to Glass-Steagall : Abusive Securities Practices by National City Bank and Chase National Bank During the 'Roaring Twenties'

Wilmarth, Arthur E. - 2016

Persistent link: https://www.econbiz.de/10012984612