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The Competitive Environment Of Community Banking And The Potential Impact On Microenterprise Entrepreneurs' Access To Bank Financing, Robert D. Morrison
The Competitive Environment Of Community Banking And The Potential Impact On Microenterprise Entrepreneurs' Access To Bank Financing, Robert D. Morrison
Theses and Dissertations
Over the past 35 years, Great Depression era regulatory restrictions on the geographic area of operation and the scope of financial services banks can offer have change significantly. These changes fueled a surge of merger activity and resulted in a 70% decrease in the number of bank charters by 2015. Currently, community banks hold only 14% of bank assets in the US; nonetheless, they play an important role in the US economy because they continue to provide the majority of funding to small businesses. This study finds that over 83% of bank failures occurred in metropolitan areas despite the distribution …
Three Essays In Banking: Corporate Governance, Internationalization, And Government Bailouts, Raluca A. Roman
Three Essays In Banking: Corporate Governance, Internationalization, And Government Bailouts, Raluca A. Roman
Theses and Dissertations
This dissertation extends a growing literature on banking and finance by investigating bank corporate governance, internationalization, and bailouts. The first essay conducts the first assessment of shareholder activism in banking and its effects on risk and performance. Activism can create value and be an effective monitoring mechanism for banks, but it may also be a destabilizing mechanism, as maximizing shareholder value may cause financial instability. We focus on the conflicts among bank shareholders, managers, and creditors (e.g., regulators, deposit insurers, taxpayers, depositors). We find activism may generally be a destabilizing force, increasing bank risk-taking, but creating market value for shareholders, …