Pub Date : 2020-08-03DOI: 10.1007/s10693-020-00338-5
Paul E. Soto
{"title":"Breaking the Word Bank: Measurement and Effects of Bank Level Uncertainty","authors":"Paul E. Soto","doi":"10.1007/s10693-020-00338-5","DOIUrl":"https://doi.org/10.1007/s10693-020-00338-5","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"59 1","pages":"1 - 45"},"PeriodicalIF":1.4,"publicationDate":"2020-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10693-020-00338-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45586038","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-06-05DOI: 10.1007/s10693-022-00384-1
M. Bijlsma, Carin van der Cruijsen, N. Jonker
{"title":"Consumer Willingness to Share Payments Data: Trust for Sale?","authors":"M. Bijlsma, Carin van der Cruijsen, N. Jonker","doi":"10.1007/s10693-022-00384-1","DOIUrl":"https://doi.org/10.1007/s10693-022-00384-1","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"64 1","pages":"41 - 80"},"PeriodicalIF":1.4,"publicationDate":"2020-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43134623","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-05-09DOI: 10.1007/s10693-020-00334-9
Theoharry Grammatikos, Nikolaos I. Papanikolaou
{"title":"Applying Benford’s Law to Detect Accounting Data Manipulation in the Banking Industry","authors":"Theoharry Grammatikos, Nikolaos I. Papanikolaou","doi":"10.1007/s10693-020-00334-9","DOIUrl":"https://doi.org/10.1007/s10693-020-00334-9","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"92 1","pages":"115 - 142"},"PeriodicalIF":1.4,"publicationDate":"2020-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10693-020-00334-9","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41272807","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We provide new estimates of the association between the level of capital and the cost of capital for US banks by using the implied cost of capital as a measure of the cost of equity and by factoring in the effect of the cost of debt. With the important exception of the largest banks, we find that the cost of equity declines when the level of capital increases. This negative association is stronger after the onset of the 2007–2008 financial crisis. Banks’ cost of debt also declines when the level of capital increases. However, the weighted average cost of capital (WACC) remains unaltered when capital increases. The analysis of a sample of large banks yields different results: there is no discernible association between the level of capital and the costs of equity and debt for large banks, and their WACC increases with the level of capital.
{"title":"An analysis of the potential impact of heightened capital requirements on banks’ cost of capital","authors":"T. Mantecón, Adel Almomen, H. Ren, Yi Zheng","doi":"10.2139/ssrn.3570265","DOIUrl":"https://doi.org/10.2139/ssrn.3570265","url":null,"abstract":"We provide new estimates of the association between the level of capital and the cost of capital for US banks by using the implied cost of capital as a measure of the cost of equity and by factoring in the effect of the cost of debt. With the important exception of the largest banks, we find that the cost of equity declines when the level of capital increases. This negative association is stronger after the onset of the 2007–2008 financial crisis. Banks’ cost of debt also declines when the level of capital increases. However, the weighted average cost of capital (WACC) remains unaltered when capital increases. The analysis of a sample of large banks yields different results: there is no discernible association between the level of capital and the costs of equity and debt for large banks, and their WACC increases with the level of capital.","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"1 1","pages":"1-44"},"PeriodicalIF":1.4,"publicationDate":"2020-04-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45290973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-24DOI: 10.1007/s10693-021-00371-y
T. Barry, L. Lepetit, F. Strobel, T. Tran
{"title":"Implications for Bank Risk when Directors are Related to Minority Shareholders","authors":"T. Barry, L. Lepetit, F. Strobel, T. Tran","doi":"10.1007/s10693-021-00371-y","DOIUrl":"https://doi.org/10.1007/s10693-021-00371-y","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"62 1","pages":"233-265"},"PeriodicalIF":1.4,"publicationDate":"2020-03-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47017842","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-03-06DOI: 10.1007/s10693-019-00328-2
David L. Hunter, Zhen Sun, K. Benson
{"title":"The Exclusive Role of Centralized Fund Family Management","authors":"David L. Hunter, Zhen Sun, K. Benson","doi":"10.1007/s10693-019-00328-2","DOIUrl":"https://doi.org/10.1007/s10693-019-00328-2","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"58 1","pages":"199 - 236"},"PeriodicalIF":1.4,"publicationDate":"2020-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10693-019-00328-2","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44672125","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-01-24DOI: 10.1007/s10693-019-00331-7
Joseph G. Haubrich
{"title":"How Cyclical Is Bank Capital?","authors":"Joseph G. Haubrich","doi":"10.1007/s10693-019-00331-7","DOIUrl":"https://doi.org/10.1007/s10693-019-00331-7","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"58 1","pages":"27 - 38"},"PeriodicalIF":1.4,"publicationDate":"2020-01-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10693-019-00331-7","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41624409","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-11-28DOI: 10.1007/s10693-019-00327-3
Joseph J. French, Juxin Yan, Y. Yasuda
{"title":"Relationships Matter: the Impact of Bank-Firm Relationships on Mergers and Acquisitions in Japan","authors":"Joseph J. French, Juxin Yan, Y. Yasuda","doi":"10.1007/s10693-019-00327-3","DOIUrl":"https://doi.org/10.1007/s10693-019-00327-3","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"56 1","pages":"259 - 305"},"PeriodicalIF":1.4,"publicationDate":"2019-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10693-019-00327-3","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47517533","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-11-15DOI: 10.1007/s10693-019-00325-5
G. B. Navaretti, G. Calzolari, A. Pozzolo, Maria Teresa Trentinaglia de Daverio
{"title":"Few Large with Many Small: Banks Size Distribution and Cross-Border Financial Linkages","authors":"G. B. Navaretti, G. Calzolari, A. Pozzolo, Maria Teresa Trentinaglia de Daverio","doi":"10.1007/s10693-019-00325-5","DOIUrl":"https://doi.org/10.1007/s10693-019-00325-5","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"56 1","pages":"229 - 258"},"PeriodicalIF":1.4,"publicationDate":"2019-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10693-019-00325-5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42960487","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-10-29DOI: 10.1007/s10693-019-00324-6
Mei Li, F. Milne, Junfeng Qiu
{"title":"The LOLR Policy and its Signaling Effect in a Time of Crisis","authors":"Mei Li, F. Milne, Junfeng Qiu","doi":"10.1007/s10693-019-00324-6","DOIUrl":"https://doi.org/10.1007/s10693-019-00324-6","url":null,"abstract":"","PeriodicalId":51503,"journal":{"name":"Journal of Financial Services Research","volume":"57 1","pages":"231 - 252"},"PeriodicalIF":1.4,"publicationDate":"2019-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1007/s10693-019-00324-6","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"52238325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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