regulation and bank capital structure

... on banks by shareholders, creditors and depositors determines banks’ capital structure (Flannery and Sorescu, 1996; Morgan and Stiroh, 2001; Martinez Peria and Schmuckler, 2001; Calomiris and ... to investigate the capital structure determinants of Turkish deposit banks Heider and Gropp (2010) suggest that similarities between banks’ and non-financial firms’ capital structures are substantial ... indicating that banks’ capital structure choice deserves further investigation Table A: Turkish deposit banks’ capital adequacy ratio Capital Adequacy Ratio Number of Banks Source: The Banks Association

Ngày tải lên: 26/03/2020, 04:17

... relationship between the firm value (V) and capital structure and proportion 2 investigates the relationship between cost of capital (r5) and capital structure In each proportion, authors considered ... literature part presents cases of developed and developing countries which are related to both non-bank and bank capital structure Thus, research hypothesis and conceptual framework will be mentioned ... theory, 1958) After the capital structure theory of Modigliani and Miller, many theories about capital structure are in tum released The study expresses 3 famous other capital structure theories,

Ngày tải lên: 15/05/2017, 20:53

... www.navibank.com.vn 17 Hanoi Building Commercial Bank (Habubank) www.habubank.com.vn 18 An Binh Commercial Bank (ABBank) www.abbank.vn 19 Southern Commercial Bank (Southern Bank) www.southernbank.com.vn ... (Sacombank) Vietnam Export Import Commercial Bank www.eximbank.com.vn (Eximbank) Vietnam Technological and Commercial Joint www.techcombank.com.vn Stock Bank (Techcombank) Military Commercial Bank ... commercial banks in the sample No Name Bank for Foreign Trade Website of Vietnam www.vietcombank.com.vn (Vietcombank) Vietnam Bank for Industry and Trade www.vietinbank.vn (Vietinbank) Bank for

Ngày tải lên: 29/11/2018, 23:54

... relationship between the firm value (V) and capital structure and proportion 2 investigates the relationship between cost of capital (r5) and capital structure In each proportion, authors considered ... literature part presents cases of developed and developing countries which are related to both non-bank and bank capital structure Thus, research hypothesis and conceptual framework will be mentioned ... theory, 1958) After the capital structure theory of Modigliani and Miller, many theories about capital structure are in tum released The study expresses 3 famous other capital structure theories,

Ngày tải lên: 01/09/2020, 12:55

... relationship between the firm value (V) and capital structure and proportion 2 investigates the relationship between cost of capital (rs) and capital structure In each proportion, authors considered ... literature part presents cases of developed and developing countries which are related to both non-bank and bank capital structure Thus, research hypothesis and conceptual framework will be mentioned ... theory, 1958) After the capital structure theory of Modigliani and Miller, many theories about capital structure are in turn released The study expresses 3 famous other capital structure theories,

Ngày tải lên: 01/09/2020, 13:44

... the relationship between the firm value (V) and capital structure andproportion 2 investigates the relationship between cost of capital (r5 ) and capitalstructure In each proportion, authors considered ... empiricalliterature part presents cases of developed and developing countries which arerelated to both non-bank and bank capital structure Thus, research hypothesis andconceptual framework will be mentioned ... theory, 1958) After the capitalstructure theory of Modigliani and Miller, many theories about capital structure are in tum released The study expresses 3 famous other capital structure theories,which

Ngày tải lên: 15/09/2020, 12:31

... the relationship between the firm value (V) and capital structure andproportion 2 investigates the relationship between cost of capital (rs) and capitalstructure In each proportion, authors considered ... empiricalliterature part presents cases of developed and developing countries which arerelated to both non-bank and bank capital structure Thus, research hypothesis andconceptual framework will be mentioned ... theory, 1958) After the capitalstructure theory of Modigliani and Miller, many theories about capital structure are in turn released The study expresses 3 famous other capital structure theories,which

Ngày tải lên: 15/09/2020, 12:31

... relationship between the firm value (V) and capital structure and proportion 2 investigates the relationship between cost of capital (r5) and capital structure In each proportion, authors considered ... literature part presents cases of developed and developing countries which are related to both non-bank and bank capital structure Thus, research hypothesis and conceptual framework will be mentioned ... theory, 1958) After the capital structure theory of Modigliani and Miller, many theories about capital structure are in tum released The study expresses 3 famous other capital structure theories,

Ngày tải lên: 17/09/2020, 16:11

... relationship between the firm value (V) and capital structure and proportion 2 investigates the relationship between cost of capital (rs) and capital structure In each proportion, authors considered ... literature part presents cases of developed and developing countries which are related to both non-bank and bank capital structure Thus, research hypothesis and conceptual framework will be mentioned ... theory, 1958) After the capital structure theory of Modigliani and Miller, many theories about capital structure are in turn released The study expresses 3 famous other capital structure theories,

Ngày tải lên: 17/09/2020, 16:11

... relationship between the firm value (V) and capital structure and proportion 2 investigates the relationship between cost of capital (r5) and capital structure In each proportion, authors considered ... literature part presents cases of developed and developing countries which are related to both non-bank and bank capital structure Thus, research hypothesis and conceptual framework will be mentioned ... theory, 1958) After the capital structure theory of Modigliani and Miller, many theories about capital structure are in tum released The study expresses 3 famous other capital structure theories,

Ngày tải lên: 31/12/2020, 06:41

... specific peer-reviewed studies are discernible (Nguyen and Ramachandran, 2006 and Biger et al., 2008) This paper enhances the understanding of capital structure in Vietnam relative to the extant literature ... irrelevance theory 2.1 Theories of Capital Structure On the theoretical side two main strands to the literature are apparent: Optimal Capital Structure (Trade-Off Theory) and Financing Hierarchy (Pecking ... of capital structure in emerging markets (e.g Booth et al., 2001; Deesomsak et al., 2004) and only two country specific peer-reviewed studies are discernible (Nguyen and Ramachandran, 2006 and

Ngày tải lên: 18/01/2022, 20:37

... continuous-time capital structure models developed by Leland and Toft (1996), Leland (1998), and others These papers take the form of the securities as given and derive the effect of capital structure ... Leland, Hayne E., 1998, Agency costs, risk management, and capital structure, Journal of Finance 53, 1213-1243 Leland, Hayne E., and Klaus.B Toft, 1996, Optimal capital structure, endogenous bankruptcy, ... σ and liquidation value L of the project The mix of debt and credit will depend on these parameters, however, as we explore next II Optimal Capital Structure and Security Prices The capital structure...

Ngày tải lên: 12/01/2014, 22:16

... irrelevance proposition (see Harris and Raviv, 1991, and Frank and Goyal, 2008, for surveys) Regarding banks’ capital structures, the standard view is that capital regulation constitutes an additional, ... regulatory view of banks’ capital structure 10 But a bank s capital structure is different from non-financial firms’ capital structure since it includes deposits We therefore decompose banks’ leverage ... nonbinding regulation and stable capital structures over time For example, Diamond and Rajan (2000) argue that the capital structure of a bank trades off the ability to create liquidity and credit...

Ngày tải lên: 11/08/2014, 01:20

... REITs to understand the capital financing and capital structure changes of REITs An introduction to different capital structure theories, including the market timing theory, and a description ... the capital structure theory, capital structure is no longer irrelevant to the firm value There is a trade-off between the tax benefits of debt and the bankruptcy risk, and there is an optimal capital ... the research objective and the organization of this study are introduced 1 Capital Structure Theories The development of capital structure theories starts with the capital structure irrelevance...

Ngày tải lên: 10/11/2015, 12:27

... owners, and other providers of capital, or they will invest elsewhere 1.1.2 Capital structure and capital structure policy 1.1.2.1 Leverage, Capital Structure and Optimal Capital Structure a Capital ... (FEM) and random effect model (REM) The structure of this research is: Chapter 1: Backgrounds on Capital Structure and Firm Performance Chapter 2: Analysis of the relationship between capital structure ... Writer Duong Hong Ngoc CHAPTER I Backgrounds on capital structure and firm performance 1.1 Firm’s capital and capital structure 1.1.1 Cost of capital For each project that a company invests in,...

Ngày tải lên: 26/12/2013, 15:19

... Economy 91 (June): 401-19 Dothan, U., and Williams, J 1980 Banks, bankruptcy and public regulation Journal of Banking and Finance (March): 65-87 Fama, E F 1980 Banking in the theory of finance Journal ... Management Banking Theory, Deposit Insurance, and Bank Regulation* I Introduction The last several years have seen extensive change in the U.S banking ' industry In the 1950sand 1960sthe bankingindustrywas ... under alternative private information structures, and we draw on some of these results as well See Ramakrishnan and Thakor (1984) and Boyd and Prescott (1985) Banking Theory 59 is made (to limit...

Ngày tải lên: 16/02/2014, 11:20

... credit ratings and capital structure The Credit Ratings and Capital Structure 1055 Table IV Credit Rating Impact on Capital Structure Decisions—POM Coefficients by Year Coefficients and standard errors ... Ratings and Capital Structure 1057 (KU), Kamstra, Kennedy, and Suan (2001) (KKS)), Debt/Total Capitalization (PS, Ederington (1985) (E), Standard and Poor’s (2001b) (SP)), Debt/Total Capitalization ... Standard and Poor’s, 2001a, Stock Reports (Standard and Poor’s Retail Information Services, New York) Standard and Poor’s, 2001b, Corporate Ratings Criteria (McGraw-Hill, New York) Standard and...

Ngày tải lên: 06/03/2014, 08:20

... managers, and owners of the most efficient and least efficient banks and the influence of this ownership/management structure on bank efficiency.4 Ownership and management structure and firm performance ... are: Linda Allen and A Sinan Cebenoyan, Bank Acquisitions and Ownership Structure: Theory and Evidence,” Journal of Banking and Finance 15 (1991): 42548; Cynthia A Glassman and Stephen A Rhoades, ... of banks Of the banks owned by bank holding companies, nearly equal numbers are in the most efficient and least efficient bank categories Similarly, nearly equal numbers of banks in one -bank and...

Ngày tải lên: 06/03/2014, 10:20

... Sources: Bankscope; Banks' Annual Reports; and IMF staff calculations 1/ AUS represents the four large Australian banks (Australia and New Zealand Bank, Commonwealth Bank, National Australia Bank, and ... oversight; mandated improvement; and restructure See APRA (2010b) and APRA (2010c) Subsidiaries and branches of the four major Australian banks control 90 percent of the assets of New Zealand’s banking ... Four largest banks 2/ Four largest banks 3/ Two largest banks Reporting dates Q4 2008 and Q4 2009 4/ Three banks Reporting dates Q4 2008 and Q4 2009 5/ Four largest banks Sources: Banks' disclosure...

Ngày tải lên: 15/03/2014, 10:20

... unknown whether the EF-hand-containing Nox subfamilies originated from a common Structure, regulation and evolution of Nox ancestor gene It seems rather likely that EF-hand motifs have been obtained ... Structure, regulation and evolution of Nox H Sumimoto Fig Structure of the SH3 domain-containing enzyme NoxSH3 in Na gruberi The two NoxSH3 enzymes in Na gruberi, tentatively named NoxSH3-1 and ... region and SH3(C) (Fig 11) Intriguingly, the amino acids of the AIR and FEBS Journal 275 (2008) 3249–3277 ª 2008 The Author Journal compilation ª 2008 FEBS 3259 Structure, regulation and evolution...

Ngày tải lên: 16/03/2014, 06:20