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Full-Text Articles in Business
The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query
The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query
Elisabeta Pana
Using 189 commercial bank mergers between 1997 and 2004, we document a positive impact of the merger activity on bank liquidity creation. Consistent with the deposit insurance hypothesis, we find that banks with higher levels of deposit insurance create higher levels of liquidity around mergers. Furthermore, we document that the level of equity capital explains the change in liquidity creation around mergers for the sample of large acquirers. We show that for the sample of small acquirers there is a negative relationship between the level of economic growth and changes in liquidity creation around mergers.
Commercial Real Estate Concentrations, Elisabeta Pana
Commercial Real Estate Concentrations, Elisabeta Pana
Elisabeta Pana
No abstract provided.
Commercial Real Estate Lending Concentrations: New Evidence, Elisabeta Pana
Commercial Real Estate Lending Concentrations: New Evidence, Elisabeta Pana
Elisabeta Pana
This study documents the management of risk used by small banks with commercial real estate lending concentrations prior to the 2007-2009 financial crisis. We show that banks with commercial real estate concentrations traded interest rate risk for credit risk. The trade-off is accompanied by a higher leverage and liquidity risk. Our findings support the argument advanced by policymakers and academic researchers that the increased scrutiny over banks’ lending standards and risk management practices is justified.
Commercial Real Estate Concentrations: Evidence On The Survival Of Small Banks, Elisabeta Pana
Commercial Real Estate Concentrations: Evidence On The Survival Of Small Banks, Elisabeta Pana
Elisabeta Pana
This study examines the survival of small banks with commercial real estate concentrations over the 2006-2009 period. Using data on 4646 banks, I document that commercial real estate loan concentrations increase the hazard of disappearance. The analysis of bank-specific factors reveals that bank capitalization, liquidity, and asset quality play a significant role on bank survival. I also find evidence that small banks in the Pacific Southwest and South Atlantic regions are less likely to survive as separate entities.
The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query
The Impact Of Bank Mergers On Liquidity Creation, Elisabeta Pana, Jin Park, Tim Query
Elisabeta Pana
No abstract provided.
Credit Unions As Liquidity Creators, Elisabeta Pana, Tarun Mukherjee
Credit Unions As Liquidity Creators, Elisabeta Pana, Tarun Mukherjee
Elisabeta Pana
No abstract provided.