Cargando…

Who Disciplines Bank Managers?

We bring to bear a hand-collected dataset of executive turnovers in U.S. banks to test the efficacy of market discipline in a 'laboratory setting' by analyzing banks that are less likely to be subject to government support. Specifically, we focus on a new face of market discipline: stakeho...

Descripción completa

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Maechler, Andrea M.
Otros Autores: Schaeck, Klaus, Cihák, Martin, Stolz, Stéphanie Marie
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2009.
Colección:IMF Working Papers.
Temas:
Acceso en línea:Texto completo

MARC

LEADER 00000cam a2200000Mu 4500
001 EBOOKCENTRAL_ocn870244706
003 OCoLC
005 20240329122006.0
006 m o d
007 cr |n|||||||||
008 140208s2009 dcu o 000 0 eng d
040 |a EBLCP  |b eng  |e pn  |c EBLCP  |d OCLCQ  |d YDXCP  |d OCLCQ  |d ZCU  |d MERUC  |d ICG  |d OCLCO  |d OCLCF  |d AU@  |d OCLCQ  |d DKC  |d OCLCQ  |d OCLCO  |d OCLCQ  |d OCLCO  |d OCLCL 
020 |a 9781452783352 
020 |a 1452783357 
029 1 |a AU@  |b 000053029875 
029 1 |a DEBBG  |b BV044178237 
029 1 |a DKDLA  |b 820010-katalog:ssib005149437 
035 |a (OCoLC)870244706 
050 4 |a HG1581  |b .C54 2009 
082 0 4 |a 338.23178 
049 |a UAMI 
100 1 |a Maechler, Andrea M. 
245 1 0 |a Who Disciplines Bank Managers? 
260 |a Washington :  |b International Monetary Fund,  |c 2009. 
300 |a 1 online resource (76 pages) 
336 |a text  |b txt  |2 rdacontent 
337 |a computer  |b c  |2 rdamedia 
338 |a online resource  |b cr  |2 rdacarrier 
490 1 |a IMF Working Papers ;  |v v. Working Paper No. 09/272 
588 0 |a Print version record. 
505 0 |a Cover Page; Title Page; Copyright Page; Contents; I. Introduction; II. Related Literature and Hypothesis; III. Methodology and Data; A. Methodology; B. Variable Selection; C. Dataset; 1. Histogram of Total Assets; 1. Descriptive Statistics, Differences of Means and Medians, and Correlations; IV. Bank Performance Prior to Executive Turnover; 2. Percentage Changes in Bank Performance Prior to Executive Turnover; V. Multivariate Analysis; 3. Conditional Logit Models for Different Sources of Discipine; 4. Key Variables of Interest by Percentile of Z-Score. 
505 8 |a 5. Changes in Bank Performance After Executive Turnovers (Treatment Group)6. Changes in Bank Performance After Executive Turnovers (Treatment and Control Group); 7. Changes in Bank Performance After Executive Turnovers (Matching on Propensity Scores, Treatment, and Control Group; VI. Conclusions; I. Measuring Bank Soundness Using the Z-Score; II. Overview of Data and Sources; III. Turnovers in Small and Medium Sized U.S. Banks 1990-2007; IV. Robustness Checks; References; Footnotes. 
520 |a We bring to bear a hand-collected dataset of executive turnovers in U.S. banks to test the efficacy of market discipline in a 'laboratory setting' by analyzing banks that are less likely to be subject to government support. Specifically, we focus on a new face of market discipline: stakeholders' ability to fire an executive. Using conditional logit regressions to examine the roles of debtholders, shareholders, and regulators in removing executives, we present novel evidence that executives are more likely to be dismissed if their bank is risky, incurs losses, cuts dividends, has a high charter. 
590 |a ProQuest Ebook Central  |b Ebook Central Academic Complete 
650 0 |a Banks and banking. 
650 0 |a Corporate governance. 
650 6 |a Gouvernement d'entreprise. 
650 7 |a Banks and banking  |2 fast 
650 7 |a Corporate governance  |2 fast 
700 1 |a Schaeck, Klaus. 
700 1 |a Cihák, Martin. 
700 1 |a Stolz, Stéphanie Marie. 
758 |i has work:  |a Who disciplines bank managers? (Text)  |1 https://id.oclc.org/worldcat/entity/E39PCH6PbqGmpkpCtmJBgBpWwC  |4 https://id.oclc.org/worldcat/ontology/hasWork 
776 0 8 |i Print version:  |a Maechler, Andrea M.  |t Who Disciplines Bank Managers?  |d Washington : International Monetary Fund, ©2009  |z 9781451874174 
830 0 |a IMF Working Papers. 
856 4 0 |u https://ebookcentral.uam.elogim.com/lib/uam-ebooks/detail.action?docID=1606008  |z Texto completo 
938 |a EBL - Ebook Library  |b EBLB  |n EBL1606008 
938 |a YBP Library Services  |b YANK  |n 11618286 
938 |a YBP Library Services  |b YANK  |n 12385297 
994 |a 92  |b IZTAP