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Tracking Variation in Systemic Risk at Us Banks During 1974-2013

Hovakimian, Armen - 2015

This paper proposes a theoretically based and easy-to-implement way to measure the systemic risk of financial institutions using publicly available accounting and stock market data. The measure models the credit enhancement taxpayers provide to individual banks in the Merton tradition (1974) as...

Persistent link: https://www.econbiz.de/10013017765

Monetary Policy, Leverage, and Bank Risk-Taking

Dell'Ariccia, Giovanni - 2011

The recent global financial crisis has ignited a debate on whether easy monetary conditions can lead to greater bank risk-taking. We study this issue in a model of leveraged financial intermediaries that endogenously choose the riskiness of their portfolios. When banks can adjust their capital...

Persistent link: https://www.econbiz.de/10013131455

Shareholder Value Creation and Risks in European Banks

Fiordelisi, Franco - 2010

This paper examines the determinants of shareholder value creation for a large sample of European banks. By using a panel data model, we find that bank profits and shareholder value are positively influenced by cost and profit efficiency, operational risk exposure, unexpected credit losses and...

Persistent link: https://www.econbiz.de/10013136642

Total Factor Productivity and Shareholder Returns in Banking

Fiordelisi, Franco - 2010

This paper examines shareholder value drivers in European banking focusing on the efficiency and productivity features …) to see how these influence shareholder value creation in European banking. The paper focuses on the French, German …, Italian and UK banking systems over the period 1995-2002 and includes both listed and non-listed banks. We find that TFP …

Persistent link: https://www.econbiz.de/10013136812

Efficiency and Risk-Taking in European Banking

Fiordelisi, Franco - 2010

the inter-temporal relationships among bank efficiency, capital and bank risk-taking in the EU-26 commercial banking …

Persistent link: https://www.econbiz.de/10013136814