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Author: Ross N. Dickens
Publisher: Routledge
Published: 2019-06-04
Total Pages: 256
ISBN-13: 1136793887
DOWNLOAD EBOOKFirst published in 1996. Routledge is an imprint of Taylor & Francis, an informa company.
Author: Ross N. Dickens
Publisher: Routledge
Published: 2019-06-04
Total Pages: 187
ISBN-13: 1136793879
DOWNLOAD EBOOKFirst published in 1996. Routledge is an imprint of Taylor & Francis, an informa company.
Author: William J. Baumol
Publisher: Houghton Mifflin Harcourt P
Published: 1988
Total Pages: 578
ISBN-13:
DOWNLOAD EBOOKAuthor: H. Kent Baker
Publisher: John Wiley & Sons
Published: 2009-05-04
Total Pages: 552
ISBN-13: 0470455802
DOWNLOAD EBOOKDividends And Dividend Policy As part of the Robert W. Kolb Series in Finance, Dividends and Dividend Policy aims to be the essential guide to dividends and their impact on shareholder value. Issues concerning dividends and dividend policy have always posed challenges to both academics and professionals. While all the pieces to the dividend puzzle may not be in place yet, the information found here can help you gain a firm understanding of this dynamic discipline. Comprising twenty-eight chapters—contributed by both top academics and financial experts in the field—this well-rounded resource discusses everything from corporate dividend decisions to the role behavioral finance plays in dividend policy. Along the way, you'll gain valuable insights into the history, trends, and determinants of dividends and dividend policy, and discover the different approaches firms are taking when it comes to dividends. Whether you're a seasoned financial professional or just beginning your journey in the world of finance, having a firm understanding of the issues surrounding dividends and dividend policy is now more important than ever. With this book as your guide, you'll be prepared to make the most informed dividend-related decisions possible—even in the most challenging economic conditions. The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals.
Author: Jacob A. Bikker
Publisher:
Published: 2005
Total Pages: 88
ISBN-13: 9783902109279
DOWNLOAD EBOOKThis paper brings to the forefront the assumptions that we make when focussing on a particular type of explanation for bank profitability. We evaluate a broad field of research by introducing a general framework for a profit maximizing bank and demonstrate how different types of models can be fitted into this framework. Next, we present an overview of the current major trends in European banking and relate them to each model's assumptions, thereby shedding light on the relevance, timeliness and shelf life of the different models. This way, we arrive at a set of recommendations for a future research agenda. We advocate a more prominent role for output prices, and suggest a modification of the intermediation approach. We also suggest ways to more clearly distinguish between market power and effciency, and explain why we need time-dependent models. Finally, we propose the application of existing models to different size classes and sub-markets. Throughout we emphasize the benefits from applying several, complementary models to overcome the identification problems that we observe in individual models.
Author: Mr.Federico J Diez
Publisher: International Monetary Fund
Published: 2019-04-26
Total Pages: 42
ISBN-13: 1498311636
DOWNLOAD EBOOKUsing a new firm-level dataset on private and listed firms from 20 countries, we document five stylized facts on market power in global markets. First, competition has declined around the world, measured as a moderate increase in average firm markups during 2000- 2015. Second, the markup increase is driven by already high-markup firms (top decile of the markup distribution) that charge increasing markups. Third, markups increased mostly among advanced economies but not in emerging markets. Fourth, there is a non-monotonic relation between firm size and markups that is first decreasing and then increasing. Finally, the increase is mostly driven by increases within incumbents and also by market share reallocation towards high-markup entrants.
Author:
Publisher:
Published: 1996
Total Pages: 1350
ISBN-13:
DOWNLOAD EBOOKAuthor: Mr.Giovanni Dell'Ariccia
Publisher: International Monetary Fund
Published: 1998-06-01
Total Pages: 32
ISBN-13: 145195154X
DOWNLOAD EBOOKThe paper analyzes the effects of informational asymmetries on the market structure of the banking industry in a multi-period model of spatial competition. All lenders face uncertainty with regard to borrowers’ creditworthiness, but, in the process of lending, incumbent banks gather proprietary information about their clients, acquiring an advantage over potential entrants. These informational asymmetries are an important determinant of the industry structure and may represent a barrier to entry for new banks. The paper shows that, in contrast with traditional models of horizontal differentiation, the steady-state equilibrium is characterized by a finite number of banks even in the absence of fixed costs.
Author: Christopher Gan
Publisher: MDPI
Published: 2021-09-03
Total Pages: 142
ISBN-13: 3036509402
DOWNLOAD EBOOKThe existence of financial intermediaries is arguably an artifact of information asymmetry. Beyond simple financial transactions, financial intermediation provides a mechanism for information transmission, which can reduce the degree of information asymmetry and consequently increase market efficiency. During the process of information transmission, the bank is able to provide unique services in the production and exchange of information. Therefore, banks have comparative advantages in information production, transmission, and utilisation. This book provides an overview of commercial banking and includes empirical methods in banking such risk and bank performance, capital regulation, bank competition and foreign bank entry, bank regulation on bank performance, and capital adequacy and deposit insurance.
Author: Joseph F. Sinkey
Publisher:
Published: 1998
Total Pages: 1000
ISBN-13:
DOWNLOAD EBOOKFor junior-senior/MBA-level courses in Commercial Banking, Commercial Bank Management, Management of Financial Institutions, Financial Institutions and Markets. Established as the market-leader for more than 12 years, this thoroughly revised text describes both the theory and practice of commercial banking from a financial-management perspective. Focusing on the dynamic and rapidly changing financial-services industry, it explores modern financial management decision-making and highlights the importance of adapting to change and creating value as the way for firms to succeed.
