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Common ownership and bank stability: Evidence from the U.S. banking industry
16 references·1 citing·44 second hop
Common ownership and bank stability: Evidence from the U.S. banking industry (2020)Common ownership and bank stability: Evid…Bank Competition and Stability: Cross-Country Heterogeneity (2011)Bank Competition and Stabilit…Forecasting Default with the Merton Distance to Default Model (2008)Forecasting Default with the …Bank Governance, Regulation, and Risk Taking (2008)Bank Governance, Regulation, …Bank Competition and Financial Stability (2008)Bank Competition and Financia…The Theory of Bank Risk Taking and Competition Revisited (2005)The Theory of Bank Risk Takin…How do family ownership, control and management affect firm value? (2005)How do family ownership, cont…Sulfur Dioxide Control by Electric Utilities: What Are the Gains from Trade? (2000)Sulfur Dioxide Control by Ele…Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough? (2000)Liberalization, Moral Hazard …Financial Contagion (2000)Financial ContagionOwnership Structure, Deregulation, and Bank Risk Taking (1990)Ownership Structure, Deregula…Bankruptcy, boards, banks, and blockholders (1990)Bankruptcy, boards, banks, an…Deposit Insurance, Risk, and Market Power in Banking (1988)Deposit Insurance, Risk, and …Bank Runs, Deposit Insurance, and Liquidity (1983)Bank Runs, Deposit Insurance,…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…Safety First and the Holding of Assets (1952)Safety First and the Holding …The bright side of common ownership: Evidence from bank transparency (2024)The bright side of common own…Expectation in Economics (1949)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Optimal Versus Naive Diversification: How Inefficient is the 1/ N Portfolio Strategy? (2007)On the Pricing of Corporate Debt: The Risk Structure of Interest Rates (1974)Forecasting Bankruptcy More Accurately: A Simple Hazard Model (2001)Credit Spreads and Business Cycle Fluctuations (2012)Uncertainty, Financial Frictions, and Investment Dynamics (2014)Predictably Unequal? The Effects of Machine Learning on Credit Markets (2021)Relationship Lending and Lines of Credit in Small Firm Finance (1995)The Effect of Credit Market Competition on Lending Relationships (1995)Bank concentration, competition, and crises: First results (2005)How does capital affect bank performance during financial crises? (2013)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression (1983)Financial Intermediation and Delegated Monitoring (1984)Financial intermediation and growth: Causality and causes (2000)Market Liquidity and Funding Liquidity (2008)A Monetary History of the United States, 1867-1960 (2017)The Nature of the Firm (1937)Separation of Ownership and Control (1983)Corporate financing and investment decisions when firms have information that investors do not have (1984)An Integrative Model Of Organizational Trust (1995)Large Shareholders and Corporate Control (1986)Law and Finance (1998)Macroeconomic and bank-specific determinants of non-performing loans in Greece: A comparative study of mortgage, business and consumer loan portfolios (2011)The Credit Crisis Around the Globe: Why Did Some Banks Perform Better? (2011)Socially Responsible Firms (2014)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Corporate Ownership Around the World (1999)Socioemotional Wealth and Business Risks in Family-controlled Firms: Evidence from Spanish Olive Oil Mills (2007)The Bind that Ties: Socioemotional Wealth Preservation in Family Firms (2011)Socioemotional Wealth in Family Firms (2012)Equilibrium in Competitive Insurance Markets: An Essay on the Economics of Imperfect Information (1976)Reputation Acquisition in Debt Markets (1989)A Monetary History of the United States 1867-1960 (1964)Liquidation Values and Debt Capacity: A Market Equilibrium Approach (1992)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Econometric measures of connectedness and systemic risk in the finance and insurance sectors (2012)Systemic Risk and Stability in Financial Networks (2015)
this work references cited by second hop

References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*11,230 cited
  • 1983Bank Runs, Deposit Insurance, and Liquidity9,760 cited
  • 2005How do family ownership, control and management affect firm value?4,190 cited
  • 2008Bank Governance, Regulation, and Risk Taking3,462 cited
  • 2000Financial Contagion3,419 cited
  • 1952Safety First and the Holding of Assets2,555 cited
  • 2000Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough?2,232 cited
  • 2008Forecasting Default with the Merton Distance to Default Model2,220 cited
  • 2005The Theory of Bank Risk Taking and Competition Revisited2,114 cited
  • 1988Deposit Insurance, Risk, and Market Power in Banking1,782 cited
  • 2000Sulfur Dioxide Control by Electric Utilities: What Are the Gains from Trade?1,244 cited
  • 2008Bank Competition and Financial Stability1,242 cited
  • 2011Bank Competition and Stability: Cross-Country Heterogeneity1,118 cited
  • 1990Bankruptcy, boards, banks, and blockholders1,088 cited

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1990
Ownership Structure, Deregulation, and Bank Risk Taking
1,031 cited

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  • 2024The bright side of common ownership: Evidence from bank transparency10 cited