Bank capital buffer and risk adjustment decisions
Terhi Jokipii,Alistair Milne +1 more
TLDR
In this paper, the relationship between short-term capital buffer and portfolio risk adjustments is investigated and it is shown that the management of such adjustments is dependent on the degree of bank capitalization.About:
This article is published in Journal of Financial Stability.The article was published on 2011-08-01 and is currently open access. It has received 265 citations till now. The article focuses on the topics: Bank rate & Capital adequacy ratio.read more
Citations
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The Effect of TARP on Bank Risk-Taking
TL;DR: In this paper, the effect of the TARP capital injections on bank risk-taking by analyzing the risk ratings of banks' commercial loan originations during the crisis was investigated and the results indicate that, relative to non-TARP banks, the risk of loan-originations increased at large TARP banks but decreased at small banks.
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Bank Regulatory Capital and Liquidity: Evidence from U.S. and European Publicly Traded Banks
TL;DR: In this paper, the authors investigate the relationship between bank regulatory capital and bank liquidity measured from on-balance sheet positions for European and U.S. publicly traded commercial banks and find that banks decrease their regulatory capital ratios when they face higher illiquidity or when they create more liquidity as measured by Berger and Bouwman (2009).
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Are Female CEOs and Chairwomen More Conservative and Risk Averse? Evidence from the Banking Industry During the Financial Crisis
TL;DR: This paper examined whether bank capital ratios and default risk are associated with the gender of the bank's chief executive officer (CEO) and chairperson of the board and found that female CEOs and board Chairs should assess risks more conservatively, and thereby hold higher levels of equity capital and reduce the likelihood of bank failure during periods of market stress.
Journal ArticleDOI
Bank capital buffer and portfolio risk: The influence of business cycle and revenue diversification
TL;DR: In this paper, a negative relationship between the business cycle and capital buffer was found for U.S. bank holding company data over the period 1992:Q1-2011:Q3.
References
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Journal ArticleDOI
Theory of the firm: Managerial behavior, agency costs and ownership structure
TL;DR: In this article, the authors draw on recent progress in the theory of property rights, agency, and finance to develop a theory of ownership structure for the firm, which casts new light on and has implications for a variety of issues in the professional and popular literature.
Journal ArticleDOI
Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Journal ArticleDOI
A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity
TL;DR: In this article, a parameter covariance matrix estimator which is consistent even when the disturbances of a linear regression model are heteroskedastic is presented, which does not depend on a formal model of the structure of the heteroSkewedness.
Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
Posted Content
What Do We Know About Capital Structure? Some Evidence from International Data
Raghuram G. Rajan,Raghuram G. Rajan,Raghuram G. Rajan,Luigi Zingales,Luigi Zingales,Luigi Zingales +5 more
TL;DR: In this paper, the authors investigate the determinants of capital structure choice by analyzing the financing decisions of public firms in the major industrialized countries and find that factors identified by previous studies as important in determining the cross-section of the capital structure in the U.S. affect firm leverage in other countries as well.
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Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
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