Showing 1 - 10 of 42,743
Essay 1 extends the existing theoretical framework to incorporate a bank's charter value and analyze directly its effect on the pricing of deposit insurance. It derives values of deposit insurance with both deterministic and stochastic charter values. It is shown that significant charter value...
magnitude and types of performance changes that have occurred in the banking industry are a significant public interest concern …
their share of formal credit. Second, SMEs' most important source of investment finance is their internal resources …, followed by banking institutions, supplier's credit and the extrabanking market or informal credit. Third, administrative costs … rather than selling short term assets. This shows that firms did not need to wait to accumulate assets to finance their peak …
This research uses the Cox proportional hazard model and bank cash flow information to determine whether adding cash flow information will improve current bank failure prediction methods. In two published papers it has been shown that the Cox model performs as well as other models with respect...
economies of scope, exist in the production of banking services. Using the multiproduct cost economies approach, the existence …Consistent with the previous findings, we find overall scale economies exist in banking in small banks. Unlike the …
The Introductory chapter briefly describes the unintended emergence of the seconday market for developing country loans after protracted and unsuccessful negotiations between lending bankers and the indebted countries. The innovative Brady plan presented the banks involved in this market with...
The main purpose of the thesis is to investigate the link between financial policy and economic growth by focusing on the link between financial intermediation and capital accumulation. The investigation strategy is to examine the effect of recent reform in financial markets in Taiwan on its...
In the first essay, "Do Firms Knowingly Sell Overvalued Equity?", I develop a simple equilibrium model which shows that insider trading around seasoned equity offerings (SEO) depends on both the quality of issuing firms and insiders' exogenous consumption shocks, neither of which are known by...
important role in creating funds to finance the expansion of the industrial sector. … contains a historical and institutional view of the development of the banking system in Colombia, its relation with the stock …
The economic analysis of financial intermediaries has been a growing field. The goal of many works in this area has been to show that contractual arrangements can lead to symmetric Pareto optimal allocations in an economy with asymmetric private information.