Essays in Banking and Corporate Finance PDF Download
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Author: Dasol Kim
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Dasol Kim
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Rita Biswas
Publisher: Emerald Group Publishing
ISBN: 178973391X
Category : Business & Economics
Languages : en
Pages : 190
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Book Description
This volume, dedicated to John W. Kensinger, explores a variety of topics in financial economics, including firm growth, investment risks, and the profitability of the banking industry. With its global perspective, Essays in Financial Economics is a valuable addition to the bookshelf of any researcher in finance.
Author: Carmelo Salleo
Publisher:
ISBN:
Category : Bank mergers
Languages : en
Pages : 264
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Book Description
Author: Mónica López-Puertas Lamy
Publisher: Ed. Universidad de Cantabria
ISBN: 8486116813
Category :
Languages : en
Pages : 32
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El principal objetivo de este trabajo consiste en analizar los efectos que la estructura de propiedad bancaria tiene sobre la toma de riesgos, a nivel microeconómico y sobre el riesgo sistémico, a nivel macroeconómico. Para ello se desarrolla un modelo de competencia oligopolística y se analizan las propiedades del equilibrio de mercado en términos de beneficios, cuota de mercado y micro y macro estabilidad financiera cuando un banco comercial, maximizador de beneficios, compite contra un banco no orientado hacia los beneficios (stakeholder bank). Los resultados teóricos son validados empíricamente usando datos bancarios de 72 países durante el periodo 1997-2007. Concretamente se muestra que a) los stakeholder banks son menos arriesgados que los bancos comerciales, b) cualquier banco es más arriesgado cuando compite contra un stakeholder bank en lugar de contra un banco comercial, c) a nivel sistémico la presencia de stakeholder banks aumenta la estabilidad financiera, d) el efecto de la regulación bancaria y de la competencia en la toma de riesgos depende de la estructura de propiedad del banco, e) la concentración accionarial incrementa el riesgo bancario, f) el diseño de los incentivos gerenciales tiene un efecto muy significativo sobre la toma de riesgos bancarios.
Author: John F. Chown
Publisher: Routledge
ISBN: 9780415144506
Category : Business & Economics
Languages : en
Pages : 1800
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Reprint of the original published between 1831 to 1842.
Author: Nataliya Pakhomova
Publisher:
ISBN:
Category :
Languages : en
Pages : 151
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Book Description
This dissertation consists of 3 self-contained theoretical essays.Essay 1 brings into focus the problem of "manufacturing" tail risk in the banking sector. This work shows that, in order to prevent banks from engaging in tail risk, bank capital regulation should account for the internal agency problem between bank shareholders and bank top managers. It is proposed to design bank capital requirements in the form of incentive-based recapitalization mechanism which would induce bank shareholders to shape executive compensation in such a way as to prevent top managers from engaging in tail-risk.Essay 2 deals with the problem of moral hazard in bank asset management. It proposes the concept of incentive-based bank supervision aimed at preventing moral hazard at a minimum cost to the regulator. It is shown that the intensity of supervision efforts should be gradually adjusted to the bank's financial health: banks in the mild form of distress should be subject to random audits, whereas deeply distressed banks should be placed under temporary regulatory control. To prevent double moral hazard, external auditors involved in supervision should be offered the optimal incentive contract.Essay 3 examines the impact of credit rationing (debt capacity) on corporate investment in the setting with costly debt financing. It is shown that, when credit constraints are binding, the firms with intermediate levels of debt capacity will establish larger investment projects than the firms with relatively low or high debt capacity. This non-monotonicity of investment on debt capacity arises due to the effect of the lump-sum debt issuance costs in the dynamic context of investment.
Author: Murillo Netto Carneiro Campello
Publisher:
ISBN:
Category :
Languages : en
Pages : 256
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Book Description
Author: Hendrith Vanlon Smith, Jr.
Publisher: Mayflower-Plymouth Capital LLC
ISBN: 1986706427
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
Essays on The Banking Industry by Hendrith Smith
Author: Mehrnoush Shahhosseini
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: Gregory D. Allen (Financial economist)
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 156
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Book Description
The second and third chapters show that patterns in local firms' demand for bank finance influence the behavior of individual banks and the structure of the banking industry. Many studies find that bank industrial organization helps structure nonfinancial industries via the credit supply, but these chapters argue that causality also runs in the other direction.
