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The Determinants of Bank Capital Structure (Gropp R., Heider F.)

Bank Lending Regulation

Abstract This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude. Like non-financial firms, banks appear to have stable capital structures at levels that are specific to each individual bank. The results suggest that capital requirements may only be of second-order importance for banks' capital structures and confirm the robustness of current corporate finance findings in a holdout sample of banks.
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Libref/ Gropp R., Heider F. (2009) “The Determinants of Bank Capital Structure”, September 2009, pp. 1-50
© Программирование — Александр Красильников, 2008
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