Open AccessJournal Article
Comparing financial systems.
About:
This article is published in Kyklos.The article was published on 2000-01-01 and is currently open access. It has received 603 citations till now.read more
Citations
More filters
Journal ArticleDOI
Investor Protection and Corporate Governance
TL;DR: In this article, the authors argue that the legal approach is a more fruitful way to understand corporate governance and its reform than the conventional distinction between bank-centered and market-centered financial systems, and discuss the possible origins of these differences, summarize their consequences, and assess potential strategies of corporate governance reform.
Journal ArticleDOI
Law, Finance, and Economic Growth in China
TL;DR: Li et al. as discussed by the authors examined three sectors of the economy: the State Sector (state-owned firms), the Listed Sector (publicly listed firms), and the Private Sector (all other firms with various types of private and local government ownership).
Journal ArticleDOI
The Theory of Bank Risk Taking and Competition Revisited
John H. Boyd,Gianni De Nicolo +1 more
TL;DR: The authors show that existing theoretical analyses of this topic are fragile, since there exist fundamental risk-incentive mechanisms that operate in exactly the opposite direction, causing banks to become more risky as their markets become more concentrated.
Journal ArticleDOI
Bank concentration, competition, and crises: First results
TL;DR: In this paper, the impact of national bank concentration, bank regulations, and national institutions on the likelihood of a country suffering a systemic banking crisis was studied using data on 69 countries from 1980 to 1997.
Journal ArticleDOI
How Law and Institutions Shape Financial Contracts: The Case of Bank Loans
TL;DR: In this article, a multi-dimensional empirical model was proposed to study how financial contracts respond to the legal and institutional environment, showing that loans with strong creditor protection have concentrated ownership, long maturity and low interest rates.
References
More filters
Riesgo bancario: Regulación, supervisión y entorno institucional
TL;DR: The authors analyzes the influence of characteristics of regulation, supervision, institutions and market structure on the stability of bank systems by revising the literature and providing new evidence from a sample of 257 traded banks in 34 countries.
Die Covid-19-Pandemie und das Bankenwesen. Kurzbeitrag
Franz Flögel,Stefan Gärtner +1 more
TL;DR: In this article, a temporary suspension of the new capital requirements for non-performing loans could be an inexpensive short-term measure to support liquidity provision by Hausbanken in Germany and Europe.
Journal ArticleDOI
Who do you trust while Shares are on a Roller-Coaster Ride? Balance Sheet and Patent Data as Sources of Investor Information During Volatile Market Times
TL;DR: In this article, the comparative usefulness of patent data as a source of investor information depending on the market cycle (bull/bear market) was investigated and it was shown that patent data contain complementary explanatory power to accounting data irrespective of the standard used to prepare the financial statement (German GAAP, IAS and US GAAP).
Dissertation
Analyse des effets de la concurrence bancaire sur la stabilité et l'efficience : une perspective européenne
TL;DR: In this article, a debat on the degre de concurrence optimalen Europe is discussed, where the authors propose a lien positif entre concurrence and stabilite.
Journal ArticleDOI
Market for Bank Control, Charter Value, and Risk Incentives: Evidence from a Landmark Court Decision
Kose John,Dasol Kim,Chenyang Wei +2 more
TL;DR: This article examined structural shifts in the market for bank control resulting from the court decision of Northeast Bancorp, Inc., et al. v. Board of Governors (1985), and analyzed its impact on stock prices and risk incentives in affected banks.