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
Journal ArticleDOI
How Does Greater Bank Competition Affect Borrower Screening? Evidence from a Natural Experiment Based on China's WTO Entry
TL;DR: This paper analyzed the relationship between greater bank competition and the screening of potential borrowers and found that the sensitivity of bank credit to prior borrowing-firm performance increases after China's WTO entry.
Journal ArticleDOI
Termination of Bank-Firm Relationships
TL;DR: In this paper, a matched sample of Japanese banks and firms was used to examine what factors determine the termination of the bank-firm relationship and found that the constraints on bank capital in a Japanese banking crisis increased relationship terminations, implying the presence of a capital crunch in it.
Dissertation
The impact of banking reforms on competition and efficiency of Ghana's banking sector
TL;DR: In this paper, the authors employed the persistence of profit and Boone indicator models of competition to analyse competitive conditions in the loans market and found that competition initially increased following the reforms but subsequently declined as a result of macroeconomic weaknesses, in particular high interest rates, which was partly impacted by the indirect effects of the global financial crisis.
Journal ArticleDOI
금리와 은행 수익성 간의 관계 분석 (Analysis of the Relationship between Interest Rate and Bank Profitability)
Jae Joon Han,Inhwan So +1 more
TL;DR: In this article, Monti-Klein et al. presented a Korean abstract of the problem of Korean language and its impact on Korean culture, and proposed a solution to the problem.