Recently, massive bank exits have begun to be observed around the world. What is the effect of such bank behavior on the market power of the remaining banks and on competition between rivals? Do financial crises change this relationship? We test these questions on a sample of 226 foreign banks'...

The systemic banking crises placed enormous pressure on national governments to intervene. The empirical literature is mute on what the optimal bailout program should look like to mitigate the negative consequence of government intervention in the banking sector. We document that, in general,...

Government interventions as a solution to systemic banking crisis received wide criticism. The new regulatory frameworks advocate banks’ bail-ins and resolutions that do not require governments’ involvement. We use the financial stability model of Goodhart et al.’s (2005, 2006a) to analyze...

For almost one decade, the developing countries have tried to spur the development of their local capital markets. However, despite the initiated macroeconomic and financial reforms, the performance of the securities markets has remained relatively weak for most of the time. The recent dramatic...

In the last fifteen years foreign banks have expanded their presence significantly in almost all developing economies. The transition countries are among those economies that have experienced one of the highest levels of banking internationalization in the world. The foreign-controlled banking...

Over the last decade, regulators have undertaken considerable efforts to increase the number of women on corporate boards. Nevertheless, research has reported mixed evidence that diversity adds value to a company. Taking a sample of all Polish companies listed on Warsaw Stock Exchange, we...