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The Determinants of Bank Interest Margins: Theory and Empirical Evidence
This paper has developed a model of bank margins or spreads in which the bank is viewed as a risk-averse dealer. It was demonstrated that an interest spread or margin would always exist, and thatExpand
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Lending Relationships and Loan Contract Terms
We find that repeated borrowing from the same lender translates into a 10--17 bps lowering of loan spreads and that relationships are especially valuable when borrower transparency is low. TheseExpand
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Should Banks Be Diversified? Evidence from Individual Bank Loan Portfolios
We study empirically the effect of focus (specialization) vs. diversification on the return and the risk of banks using data from 105 Italian banks over the period 1993-1999. Specifically, we analyzeExpand
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The Determinants of Bank Interest Rate Margins: An International Study
Abstract This paper studies the determinants of bank net interest margins (NIMs) in six selected European countries and the US during the period 1988–1995 for a sample of 614 banks. We apply the HoExpand
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So What Do I Get? The Bank's View of Lending Relationships
While many empirical studies document borrower benefits of lending relationships, less is known about lender benefits. A relationship lender's informational advantage over a non-relationship lenderExpand
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The Impact of Institutional Ownership on Corporate Operating Performance
This paper examines the relationship between institutional investor involvement in and the operating performance of large firms. We confirm a significant relationship between a firm’s operating cashExpand
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Ownership Structure, Deregulation, and Bank Risk Taking
This paper investigates the relationship between bank ownership structure and risk taking. It is hypothesized that stockholder controlled banks have incentives to take higher risk than manageriallyExpand
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The Effects of Bank Mergers and Acquisitions on Small Business Lending
We examine the effects of bank M&As on small business lending using data on over 6,000 recent U.S. bank M&As. We are the first to decompose the impact of M&As into static effects from simply meldingExpand
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Financial Institutions Management: A Risk Management Approach
Part I Introduction Ch. 1 Why Are Financial Institutions Special? Appendix 1A The Financial Crisis: The Failure of Financial Services Institution Specialness (online) Appendix 1B Monetary PolicyExpand
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A Survey of Cyclical Effects in Credit Risk Measurement Models
We survey both academic and proprietary models to examine how macroeconomic and systematic risk effects are incorporated into measures of credit risk exposure. Many models consider the correlationExpand
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