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Bank lending, bank capital regulation and efficiency of corporate foreign investment
Dietrich, Diemo; Hauck, Achim - 2007
In this paper we study interdependencies between corporate foreign investment and the capital structure of banks. By committing to invest predominantly at home, firms can reduce the credit default risk of their lending banks. Therefore, banks can refinance loans to a larger extent through...
Persistent link: https://www.econbiz.de/10003447827
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Bank Lending, Bank Capital Regulation and Efficiency of Corporate Foreign Investment
Dietrich, Diemo; Hauck, Achim - Institut für Wirtschaftsforschung Halle (IWH) - 2007
In this paper we study interdependencies between corporate foreign investment and the capital structure of banks. By committing to invest predominantly at home, firms can reduce the credit default risk of their lending banks. Therefore, banks can refinance loans to a larger extent through...
Persistent link: https://www.econbiz.de/10005426787
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Cost of Equity, Enterprise Value and Capital Regulation of Banking Firms
Masera, Rainer - 2013
must be carefully analysed before endorsing the general statement that “bank equity is not expensive”. In fact, specific … argue that market prices (notably price-to-book ratios) should play a primary role in bank supervision. To support our …-shifting phenomena on banks' assets, notably when price-to-book values are below one, may increase the overall risk of the bank, and …
Persistent link: https://www.econbiz.de/10013089413
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State Ownership, Cross-Border Acquisition, and Risk-Taking : Evidence from China's Banking Industry
Zhu, Wenyu - 2016
Does state ownership breed risk-taking behavior in commercial banks? This paper examines this issue using a panel of Chinese banks. We find that state-ownership is in general associated with higher risks. In addition, we find that banks controlled by the central government have the highest...
Persistent link: https://www.econbiz.de/10013005596
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Banking reform
Jackson, Patricia; Davies, Howard; Miles, David; … - SUERF Conference on Banking Reform <2015, London>; … - 2016
On 3 December EY hosted a SUERF conference on banking reform with Sir Howard Davies, the Chairman of RBS, and Dame Colette Bowe, the Chairman of the Banking Standards Board, as the two keynote speakers. Professor David Miles (Imperial College) gave the SUERF 2015 Annual Lecture on Capital and...
Persistent link: https://www.econbiz.de/10011554963
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Bank Leverage, Capital Requirements and the Implied Cost of (Equity) Capital
Schmidt, Christian - 2020
%. When using the 2011 EBA capital exercise as a quasi-natural experiment to identify the impact of capital regulation on bank …
Persistent link: https://www.econbiz.de/10012850449
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Modigliani-Miller doesn't hold in a "bailinable" world: : a new capital structure to reduce the banks' funding cost
Baglioni, Angelo; Esposito, Marcello - 2016
, a bank is able to reduce the cost of debt by splitting it into a junior and a senior tranche, sold to institutional and …
Persistent link: https://www.econbiz.de/10011776152
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International Banking and Liquidity Allocation : Cross-Border Financial Services Versus Multinational Banking
Dietrich, Diemo - 2010
cost is that it causes inefficiencies in internal capital markets, on which a bank relies to allocate liquidity across …
Persistent link: https://www.econbiz.de/10013149581
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Creditor Rights and Debt Allocation within Multinationals
Akbel, Basak; Schnitzer, Monika - 2009
We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized borrowing. We identify how this choice is affected by creditor rights and bankruptcy costs, taking into account managerial incentives and coinsurance considerations. We find that...
Persistent link: https://www.econbiz.de/10010334120
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Creditor rights and debt allocation within multinationals
Akbel, Basak; Schnitzer, Monika - 2009
We analyze the optimal debt structure of multinational corporations choosing between centralized or decentralized borrowing. We identify how this choice is affected by creditor rights and bankruptcy costs, taking into account managerial incentives and coinsurance considerations. We find that...
Persistent link: https://www.econbiz.de/10003935683