Showing 1 - 10 of 11
This paper examines the effectiveness of worldwide banking regulations and supervisions in providing a balanced risk-reward trade-off to bank shareholders. Our comprehensive global analysis of 2,467 banks across the world identifies the regulatory frameworks that are associated with favorable...
Persistent link: https://www.econbiz.de/10013120085
Persistent link: https://www.econbiz.de/10003949267
Persistent link: https://www.econbiz.de/10010232417
Persistent link: https://www.econbiz.de/10012295742
We examine the relation between state residual ownership and bank risk-taking for privatized banks from 45 countries. Applying propensity score matching, we find that privatized banks tend to exhibit higher levels of risk-taking post-privatization than their publicly listed non-privatized...
Persistent link: https://www.econbiz.de/10012850119
Using data from 41 different countries including the United States, we provide novel empiricalevidence that firms increase their cash holdings as a response to climate risk. This effect is drivenby financially constrained firms and becomes significantly stronger after the release of the...
Persistent link: https://www.econbiz.de/10013244687
Persistent link: https://www.econbiz.de/10011723114
Extant research finds that firms are increasingly substituting dividends with share repurchases. This substitution effect is largely attributable to the flexibility offered by share repurchases but not by dividends. Without fear of an adverse market reaction, firms can choose not to repurchase...
Persistent link: https://www.econbiz.de/10013029736
Persistent link: https://www.econbiz.de/10014566462
Persistent link: https://www.econbiz.de/10014304517