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What drives EU banks' stock returns? : bank-level evidence using the dynamic dividend-discount model

Castrén, Olli (contributor); … - 2006

a decomposition of EU banks.stock returns to cash-flow and expected return news components. The main findings are that … relatively more important for larger than for smaller banks. Moroever, variables used in the literature as cash-flow proxies … explain a higher share of the cash-flow component of the total excess returns for smaller than for larger EU banks. This …

Persistent link: https://www.econbiz.de/10003375090

Finance and contracting under imperfect information

Rheinbaben, Joachim von - 1998

Persistent link: https://www.econbiz.de/10001377749

Capital structure, managerial incentives and corporate governance

Pfeil, Christian M. - 1999

Persistent link: https://www.econbiz.de/10001502308

Marktsegmentierung zwischen Venture Capital und Banken

Strobel, Peter - 2002

Persistent link: https://www.econbiz.de/10001742045

Heterogeneous multiple bank financing under uncertainty : does it reduce inefficient credit decisions?

Bannier, Christina E. (contributor) - 2005

Small and medium-sized firms typically obtain capital via bank financing. They often rely on a mixture of relationship and arm’s-length banking. This paper explores the reasons for the dominance of heterogeneous multiple banking systems. We show that the incidence of inefficient credit...

Persistent link: https://www.econbiz.de/10002739869

Heterogeneous multiple bank financing, optimal business risk and information disclosure

Bannier, Christina E. (contributor) - 2005

This paper studies optimal risk-taking and information disclosure by firms that obtain financing from both a relationshipʺ bank and arm’s-lengthʺ banks. We find that firm decisions are asymmetrically influenced by the degree of heterogeneity among banks: lowly-collateralized firms vary...

Persistent link: https://www.econbiz.de/10002733807

Asset Backed Securities zur Refinanzierung von Kreditinstituten : eine finanzierungstheoretische Analyse

Altrock, Frank; Rieso, Sven - 1997

Persistent link: https://www.econbiz.de/10001595818

Is there a hold-up benefit in heterogeneous multiple bank financing?

Bannier, Christina E. (contributor) - 2009

allows the firm's policy to eliminate the risk of inefficient liquidation even in the case of bleak cash-flow expectations …

Persistent link: https://www.econbiz.de/10003816337

Essays on corporate finance and performance : theory and evidence for Ukraine

Tsapin, Andriy - 2009

Persistent link: https://www.econbiz.de/10003965280

Heterogeneous multiple bank financing: does it reduce inefficient credit-renegotation incidences?

Bannier, Christina E. (contributor) - 2007

Small and medium-sized firms often obtain capital via a mixture of relationship and arm's-length bank lending. We show that such heterogeneous multiple bank financing leads to a lower probability of ineefficient credit foreclosure than both monopoly relationship lending and homogeneous multiple...

Persistent link: https://www.econbiz.de/10003750303