scholarly journals The Role of Stability and Ownership Structure in Determining the Efficiency of US Bank Holding Companies

2019 ◽  
Vol 11 (2) ◽  
pp. 19-44
Author(s):  
Samar Jameel Kalyal ◽  
Dawood Ashraf ◽  
Asfia Obaid
Keyword(s):  
Ownership Structure ◽  
Bank Holding Companies ◽  
Holding Companies

BANK EARNINGS MANAGEMENT AND DIVIDEND POLICY UNDER AGENCY PROBLEM CONTEXTS

2020 ◽  
Vol 15 (02) ◽  
pp. 2050005
Author(s):  
DUNG VIET TRAN
Keyword(s):  
Earnings Management ◽  
Information Asymmetry ◽  
Dividend Policy ◽  
Bank Holding Companies ◽  
Holding Companies ◽  
Additional Information ◽  
Discretionary Behaviors ◽  
The Impact ◽  
High Information

Using a large sample of U.S. bank holding companies (BHC) from 2000:Q1–2017:Q4, we investigate the impacts of dividend policy to bank earnings management, and document that banks that pay dividends tend to be less opaque than banks that do not pay dividends. The dividend policy not only impacts the conditional average earnings management of banks, but also exerts influence on their dispersion. The impact of dividend policy appears to be more profound for highly opaque banks. We identify different conditions that motivate different discretionary behaviors of banks, which allows us to better observe different managerial motives between dividend-paying and dividend-non-paying banks. Under high information asymmetry context, there is valuably additional information conveyed by paying dividends, and it follows that the role of dividends as a means of conveying information is more pronounced. For banks subject to high agency problems, paying dividends make them to be less opaque through reducing the discretionary behaviors.

The Role of Bank Capital in Bank Holding Companies’ Decisions

2015 ◽  
Vol 15 (57) ◽  
pp. 1 ◽  
Author(s):  
Adolfo Barajas ◽  
Thomas Cosimano ◽  
Dalia Hakura ◽  
Sebastian Roelands ◽  
◽  
...  
Keyword(s):  
Bank Capital ◽  
Bank Holding Companies ◽  
Holding Companies

Subjects of privatisation in catering and tourism and the development strategy of the Republic of Croatia

1995 ◽  
Vol 1 (2) ◽  
pp. 393-412
Author(s):  
Jože Perić
Keyword(s):  
Development Strategy ◽  
Ownership Structure ◽  
Foreign Capital ◽  
The State ◽  
Main Role ◽  
Holding Companies ◽  
Role Of The State ◽  
The Development Strategy ◽  
The Republic

After the first phase of privatization - transformation of ownership - the ownership structure in catering and tourism has been established with the dominant share of the State funds (The CPF and The PF) and of small shareholders. The present ownership structure cannot survive as incompatible to market economy. The lack of the development strategy and privatization strategy are unfavourable for the optimalisation of the ownership structure. However, it is possible to consider some process changes in respect to the subjects of privatization. The CFP will gradually disappear and the number and share amount of small shareholders will decrease considerably. New forms of private capital will appear - holding companies, family and individual capitals of different size and organization. From the aspect of needed strategy, it is necessary to accept the dynamics, aims of privatization and the increase of foreign capital. Catering and tourism need to be adapted for further privatization (recovery and reconstruction). In respect to the optimal ownership structure and possible strategic interests (investment possibilities, Diaspora, small shareholders) market rules and the main role of the State in further process of privatization must be considered.

Big Banks, Idiosyncratic Volatility, and Systemic Risk

2017 ◽  
Vol 107 (5) ◽  
pp. 603-607 ◽  
Author(s):  
Ricardo T. Fernholz ◽  
Christoffer Koch
Keyword(s):  
Systemic Risk ◽  
Idiosyncratic Volatility ◽  
Bank Holding Companies ◽  
Power Law Distribution ◽  
Holding Companies ◽  
Aggregate Risk ◽  
Asset Volatilities ◽  
Changing Role ◽  
Obvious Source

Starting in the 1990s, US bank assets grew more concentrated among a few large institutions. We explore the changing role of idiosyncratic volatility as a shaping force of the bank asset power law distribution. Our results reveal that idiosyncratic asset volatilities for bank-holding companies declined since the 1990s. To the extent that firm-specific shocks can have significant macroeconomic consequences, this result implies that even as one obvious source of aggregate risk and contagion--bank asset concentration--has increased, another important source--idiosyncratic volatility--has diminished.

The Role of Bank Capital in Bank Holding Companies’ Decisions

2015 ◽  
Author(s):  
Adolfo Barajas ◽  
Thomas F. Cosimano ◽  
Dalia Hakura ◽  
Sebastian Roelands
Keyword(s):  
Bank Capital ◽  
Bank Holding Companies ◽  
Holding Companies
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