Social and Behavioral Sciences Commons^™

The Sources Of Financial Profit: A Theoretical And Empirical Investigation Of The Transformation Of Banking In The Us, Iren G. Levina

Open Access Dissertations

The last thirty years in the US have been characterized by rising financial profits as a share of total profits and the growth of banking activities yielding non-interest income. These developments pose two questions. First, what are the social relations enabling and sustaining financial profits and what are their macroeconomic sources? Second, what do these trends imply for the nature of banking and what kind of theory of banking can capture them? This study addresses these questions and makes four contributions. First, a Marxist theory of banking is developed to capture the transformation of banking drawing on two characteristics: first, …

A Study Of Failures In The Us Banking Industry, Joseph Trendowski

Theses and Dissertations in Business Administration

This dissertation studies failures in the U.S. banking industry following the 2008 financial crisis. The dissertation offers an exhaustive review of the organizational failure literature, and changes in the banking industry environment over the past century. It takes three theoretical perspectives - institutional, industrial organization and resource-based view- to analyze failures in the banking industry.

The review and analysis allows me to trace the roots of recent bank failures to external (institutional, competitive) and internal (resource structure, strategy, risk) factors, and propose several hypotheses linking such factors with failures. The hypotheses are tested using a data-set that included all bank …

Financial Development And Economic Growth In Kentucky Counties, John D. Conley

Theses and Dissertations--Agricultural Economics

There is a broad literature on the finance-growth nexus in the macroeconomics literature. Is there evidence for the finance-growth nexus at the sub-national region? If so, can macroeconomic finance and growth methods be extended to sub-national regions? Joseph Schumpeter argued that banks promote economic growth by choosing which projects to fund, by mobilizing underutilized capital, by managing risk and by monitoring managers.

This dissertation proposes a modified Martin and Ottaviano (2001) model that allows for borrowing to form new firms or to expand existing firms. The model shows that if borrowing across regional lines is costly, above and beyond the …