The Dark Side Of Bank Firm Relationships

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The Dark Side of Bank-Firm Relationships

Author : Massimo Massa
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis The Dark Side of Bank-Firm Relationships by : Massimo Massa

Download or read book The Dark Side of Bank-Firm Relationships written by Massimo Massa and published by . This book was released on 2015 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the trade-off between liquidity and monitoring implicit in the bank-firm relationship. By virtue of their lending activity, banks have privileged access to inside information about the companies and their monitoring role helps them mitigate the managers' risk-taking behavior. However, banks can also act as an quot;insiderquot; and exploit this privileged information in the financial markets. We show that a more exclusive and geographically closer relationship with the lender increases the illiquidity of the stock of the borrowing firm and reduces both, its trading volume as well as its aggregate volatility. We explain the reduction in volatility in terms of lower incentives for the mangers to take on risk. The fact that firms borrowing from closer banks reward their mangers with less options- or equity-based compensation (as opposed to fixed compensation) supports our claim about reduced risk-taking. Simultaneously, however, a more exclusive relationship with the banks leads to a higher options- and equity-based compensation. Next, focusing on the effect upon firm value, we show that the extent of information asymmetry inherent in the lending relationship - captured here by the proximity to the banks - negatively affects firm value. On the other hand, the power of the bank derived from its role as a monitor - captured in our case by the exclusivity of the lending relationship - positively affects firm value. Overall, we illustrate a new quot;corporate governancequot; channel and our findings provide a fresh perspective on how lending relationships affect the firm.

The Dark Side of CRM

Author : Bang Nguyen
Publisher : Routledge
ISBN 13 : 1317622006
Total Pages : 323 pages
Book Rating : 4.3/5 (176 download)

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Book Synopsis The Dark Side of CRM by : Bang Nguyen

Download or read book The Dark Side of CRM written by Bang Nguyen and published by Routledge. This book was released on 2015-09-04 with total page 323 pages. Available in PDF, EPUB and Kindle. Book excerpt: Customers are treated badly. Not all customers. Not always. But many are and often. Some customers are bad. They treat firms badly. Firms have to react. Employees and customers endure the consequences. Such bad behaviours, by firms and customers, have consequences for perceptions of trust and fairness, for endorsements and referrals, for repeat purchasing and loyalty, and ultimately for a firm’s profitability and RoI. The management of customer relationships is core to the success and even survival of the firm. As The Dark Side of CRM explores, this is an area fraught with difficulties, duplicitous practice and undesirable behaviours. These need acknowledging, mitigating and controlling. This book is the first of its kind to define these dark sides, exploring also how firms and policy-makers might address such behaviours and manage them successfully. With contributions from many of the leading exponents globally of CRM and understanding customers, The Dark Side of CRM is essential reading for students, researchers and practitioners interested in managing customers, relationship marketing and CRM, as well as social media and marketing strategy.

Are Bank-Firm Relationship and Political Connection Substitutes Or Complements? How Does Firms Maximize Credit Availability

Author : Frederic Lobez
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Are Bank-Firm Relationship and Political Connection Substitutes Or Complements? How Does Firms Maximize Credit Availability by : Frederic Lobez

Download or read book Are Bank-Firm Relationship and Political Connection Substitutes Or Complements? How Does Firms Maximize Credit Availability written by Frederic Lobez and published by . This book was released on 2018 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether the bank-firm relationship and political connections are the substitutes, or the complements is the well-researched question on an empirical research level on credit availability. This paper studies the influences of the bank-firm relationship and political connection on firm's access to credit using a hand-collected dataset of Vietnamese small and medium-sized enterprises (SMEs). The results indicate that there is a complementary link between the bank-firm relationship (length of relationship with the main bank and the number of banks) and political connection in terms of maximising firms' credit availability. This research has relevant policy implications for emerging economies characterised by risks of the local government corruption. The policy-makers should prefer the transaction banking system to the relationship banking system. This matter is the dark side of the bank-firm relationship.

Dark Towers

Author : David Enrich
Publisher : HarperCollins
ISBN 13 : 0062878824
Total Pages : 475 pages
Book Rating : 4.0/5 (628 download)

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Book Synopsis Dark Towers by : David Enrich

Download or read book Dark Towers written by David Enrich and published by HarperCollins. This book was released on 2020-02-18 with total page 475 pages. Available in PDF, EPUB and Kindle. Book excerpt: #1 WALL STREET JOURNAL BESTSELLER * NEW YORK TIMES BESTSELLER New York Times finance editor David Enrich's explosive exposé of the most scandalous bank in the world, revealing its shadowy ties to Donald Trump, Putin's Russia, and Nazi Germany “A jaw-dropping financial thriller” —Philadelphia Inquirer On a rainy Sunday in 2014, a senior executive at Deutsche Bank was found hanging in his London apartment. Bill Broeksmit had helped build the 150-year-old financial institution into a global colossus, and his sudden death was a mystery, made more so by the bank’s efforts to deter investigation. Broeksmit, it turned out, was a man who knew too much. In Dark Towers, award-winning journalist David Enrich reveals the truth about Deutsche Bank and its epic path of devastation. Tracing the bank’s history back to its propping up of a default-prone American developer in the 1880s, helping the Nazis build Auschwitz, and wooing Eastern Bloc authoritarians, he shows how in the 1990s, via a succession of hard-charging executives, Deutsche made a fateful decision to pursue Wall Street riches, often at the expense of ethics and the law. Soon, the bank was manipulating markets, violating international sanctions to aid terrorist regimes, scamming investors, defrauding regulators, and laundering money for Russian oligarchs. Ever desperate for an American foothold, Deutsche also started doing business with a self-promoting real estate magnate nearly every other bank in the world deemed too dangerous to touch: Donald Trump. Over the next twenty years, Deutsche executives loaned billions to Trump, the Kushner family, and an array of scandal-tarred clients, including convicted sex offender Jeffrey Epstein. Dark Towers is the never-before-told saga of how Deutsche Bank became the global face of financial recklessness and criminality—the corporate equivalent of a weapon of mass destruction. It is also the story of a man who was consumed by fear of what he’d seen at the bank—and his son’s obsessive search for the secrets he kept.

The Economics of Interfirm Networks

Author : Tsutomu Watanabe
Publisher : Springer
ISBN 13 : 4431553908
Total Pages : 265 pages
Book Rating : 4.4/5 (315 download)

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Book Synopsis The Economics of Interfirm Networks by : Tsutomu Watanabe

Download or read book The Economics of Interfirm Networks written by Tsutomu Watanabe and published by Springer. This book was released on 2015-06-02 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is one of the first comprehensive works to fill the knowledge gap resulting from the limited number of empirical studies on interfirm networks. The in-depth empirical research presented here is based on a massive transaction relationship database of approximately 400,000 Japanese firms. This volume, unlike others, focuses on the role of interfirm networks in three different fields: (1) macroeconomic activities, (2) economic geography and firm dynamics, and (3) firm–bank relationships. The database for this work is constructed in collaboration with Japan's largest credit research company, Teikoku Data Bank, and covers a substantial portion of Japanese firms with information on firms' transaction partners, shareholders, financial institutions, and other attributes, including their locations and performance. Networks prevail in many aspects of economic activities and play a major role in explaining a wide variety of economic phenomena from business cycles to knowledge spillovers, which has motivated economists to produce a number of excellent works. In the policy arena, there has been a growing concern on the vulnerabilities of networks based on the casual observation that idiosyncratic shocks on firms can be amplified through inter-firm connections and leads to a systemic crisis. Typical examples are the manufacturing supply-chain networks in the automobile and electronics industries which propagated regionally concentrated shocks (the Great East Japan Earthquake and floods in Thailand in 2011) into global ones. An abundance of theoretical literature on the formation and functions of networks is available already. This book breaks new ground, however, and provides an excellent opportunity for the reader to gain a more integrated understanding of the role of networks in the economy. The Economics of Interfirm Networks will be of special interest to economists and practitioners seeking empirical and quantitative knowledge on interfirm and firm–bank networks.

Microeconometrics of Banking

Author : Hans Degryse
Publisher : Oxford University Press, USA
ISBN 13 : 0195340477
Total Pages : 249 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Microeconometrics of Banking by : Hans Degryse

Download or read book Microeconometrics of Banking written by Hans Degryse and published by Oxford University Press, USA. This book was released on 2009 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title provides a compendium to recent work in empirical banking. It follows the structure in 'The Microeconomics of Banking' by Xavier Freixas and Jean Charles Rochet in arranging the relevant methodologies, applications and results to achieve a coherent synthesis between available theory and supporting empirics.

Japan's Bubble, Deflation, and Long-term Stagnation

Author : Kōichi Hamada
Publisher : MIT Press
ISBN 13 : 0262014890
Total Pages : 435 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Japan's Bubble, Deflation, and Long-term Stagnation by : Kōichi Hamada

Download or read book Japan's Bubble, Deflation, and Long-term Stagnation written by Kōichi Hamada and published by MIT Press. This book was released on 2011 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: New perspectives on Japan's "lost decade" viewed in the context of recent financial turmoil.

The Economics of Banking

Author : Jin Cao
Publisher : Routledge
ISBN 13 : 1000465446
Total Pages : 677 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis The Economics of Banking by : Jin Cao

Download or read book The Economics of Banking written by Jin Cao and published by Routledge. This book was released on 2021-11-04 with total page 677 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wide coverage of different perspectives of banking, the book presents classical microeconomic thoeries of banking, but also covers central banking, financial frictions and banking-macro linkages, banking regulation in theory and practice etc., giving students a rounded picture of the world of banking, and also allowing instructors to design and create their own courses with different emphases A self-contained textbook making “linear” progress through chapters. Banking is all about imperfect market, market failure and frictions, therefore, market friction is the key to making progress throughout the book. Necessary elements from contract theory, game theory, dynamic macroeconomics and mathematical techniques will be provided through boxes and appendices, making the textbook self-contained An up-to-date textbook that presents both state-of-the-art research and the evolving reality, an evidence-based textbook that connects theory and practice.

The Effects of Bank Mergers on Credit Availability

Author : Emilia Bonaccorsi di Patti
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.X/5 (4 download)

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Book Synopsis The Effects of Bank Mergers on Credit Availability by : Emilia Bonaccorsi di Patti

Download or read book The Effects of Bank Mergers on Credit Availability written by Emilia Bonaccorsi di Patti and published by . This book was released on 2004 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Adapting to Change

Author : Egidio Palmieri
Publisher : Springer Nature
ISBN 13 : 3031502655
Total Pages : 209 pages
Book Rating : 4.0/5 (315 download)

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Book Synopsis Adapting to Change by : Egidio Palmieri

Download or read book Adapting to Change written by Egidio Palmieri and published by Springer Nature. This book was released on 2024-01-11 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the evolving dynamics between banks and firms within the context of alternative finance and Environmental, Social, and Governance (ESG) integration. The book contributes to understanding the bank-firm relationship in light of the changing financial landscape and its implications for sustainable development. The book employs an empirical analysis to examine the bank-firm relationship in the context of alternative finance and ESG performance to assess firms’ riskiness, access to funds and cost of capital. The book addresses research gaps by comprehensively analysing the impact of alternative finance and ESG on the bank-firm relationship. It assists banks in adapting their financing practices and policies to align with emerging trends, and it offers insights for banks to evaluate and mitigate ESG-related risks effectively. It provides policy implications for promoting responsible lending, supporting the growth of alternative finance, and incentivising ESG integration in the financial sector. Ultimately, it contributes to formulating policies that foster a sustainable and inclusive financial system, and will be of interest to professionals and researchers in finance, alternative finance, and sustainable finance.

The Dark Side 2

Author : Pauline Fatien Diochon
Publisher : Routledge
ISBN 13 : 1351277103
Total Pages : 242 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis The Dark Side 2 by : Pauline Fatien Diochon

Download or read book The Dark Side 2 written by Pauline Fatien Diochon and published by Routledge. This book was released on 2017-09-08 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second collection of outstanding shortlisted contributions from the Critical Management Studies (CMS) Interest Group of the Academy of Management (AOM) Dark Side" case-writing competition continues to go where other business case studies fear to tread.There are very many case studies of business best practice when engaging with social, environmental and ethical issues. But when educators look for resources to illustrate to students the more typical examples of bad – let alone scandalous – practices of some firms, the cupboard is almost entirely bare. And yet there is a critical need for business educators to expose students and managers to such issues to understand the different multifaceted phenomena of our late capitalist era; to support critical, reflective moral development; and to reflect and understand the complexities of organizational life. To argue that such cases deal with the bad apples in an otherwise functioning system misses the point. Whether focusing on the phone-hacking scandals at national newspapers, the influence of big pharma companies on clinical trials, the Bhopal tragedy or the use of child labour in the garment industry, the problems discussed are of major importance and in many cases have been demonstrated to be common practice for particular companies. Good news they are not, but all are stimulating and present students with dilemmas and decisions to make in a myriad of ways.Each of these 14 selected cases from 2009–2012 has been thoroughly documented, peer-reviewed and edited. They cover four continents (Asia, the Americas, Europe, and Oceania) and both business and public organizations. The industries covered range from extractive industries, the energy industry, consumer products, pulp and paper, movies, media, municipal affairs, academia, banking, and the drug industry. The book is split into three sections: 'Community and Environment'; 'Human Rights and Business'; and 'Ethics and Policy'.Online Teaching Notes to accompany each chapter are available on request with the purchase of the book.

The Dark Side of Valuation

Author : Aswath Damodaran
Publisher : FT Press
ISBN 13 : 0137036558
Total Pages : 604 pages
Book Rating : 4.1/5 (37 download)

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Book Synopsis The Dark Side of Valuation by : Aswath Damodaran

Download or read book The Dark Side of Valuation written by Aswath Damodaran and published by FT Press. This book was released on 2009-06-19 with total page 604 pages. Available in PDF, EPUB and Kindle. Book excerpt: Renowned valuation expert Aswath Damodaran reviews the core tools of valuation, examines today’s most difficult estimation questions and issues, and then systematically addresses the valuation challenges that arise throughout a firm’s lifecycle in The Dark Side of Valuation: Valuing Young, Distressed and Complex Businesses. In this thoroughly revised edition, he broadens his perspective to consider all companies that resist easy valuation, highlighting specific types of hard-to-value firms, including commodity firms, cyclical companies, financial services firms, organizations dependent on intangible assets, and global firms operating diverse businesses. He covers the entire corporate lifecycle, from “idea” and “nascent growth” companies to those in decline and distress, and offers specific guidance for valuing technology, human capital, commodity, and cyclical firms. ·

Contemporary Topics in Finance

Author : Iris Claus
Publisher : John Wiley & Sons
ISBN 13 : 1119565197
Total Pages : 400 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Contemporary Topics in Finance by : Iris Claus

Download or read book Contemporary Topics in Finance written by Iris Claus and published by John Wiley & Sons. This book was released on 2019-02-27 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature surveys presented in this edited volume provide readers with up-to-date reviews on eleven contemporary topics in finance. Topics include unconventional monetary policy, implicit bank guarantees, and financial fraud - all linked to the exceptional event of the Global Financial Crisis Explores how recent studies on inflation risk premia and finance and productivity have benefitted from new empirical methods and the availability of relevant data Demonstrates how angel investing, venture capital, relationship lending and microfinance have benefitted from increased research as they have become more seasoned Investigates crowdfunding and crypto-currencies which have both arisen from recent technological developments

The Economics of Imperfect Markets

Author : Giorgio Calcagnini
Publisher : Springer Science & Business Media
ISBN 13 : 3790821314
Total Pages : 237 pages
Book Rating : 4.7/5 (98 download)

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Book Synopsis The Economics of Imperfect Markets by : Giorgio Calcagnini

Download or read book The Economics of Imperfect Markets written by Giorgio Calcagnini and published by Springer Science & Business Media. This book was released on 2009-10-22 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is a collection of eleven papers concerned with the effects of market imperfections on the decision-making of economic agents and on economic policies that try to correct the inefficient market outcomes due to those imperfections. As a consequence, real and financial imperfections are related : economic decisions are simultaneously affected by imperfections present both in real and financial markets. Notwithstanding the obvious fact that market interdependence is not novel, scholar interests are typically concentrated on the specific relationship among economic decisions originating from particular imperfections. This explains why, in the case of perfect financial markets, we can speak of "the" us.

Corporate Governance, Enforcement and Financial Development

Author : Chen Ding
Publisher : Edward Elgar Publishing
ISBN 13 : 1781004811
Total Pages : 259 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis Corporate Governance, Enforcement and Financial Development by : Chen Ding

Download or read book Corporate Governance, Enforcement and Financial Development written by Chen Ding and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: ÔDing ChenÕs detailed institutional analysis of the development of the Chinese stock market brings the question of enforcement to centre stage. In doing so, she not only introduces readers to the particularities of the Chinese system; she also sheds new light on conventional debates about the law and economics of corporate governance.Õ Ð Andrew Johnston, University of Sheffield, UK ÔIn this book Dr Ding Chen has made an important theoretical contribution to our understanding of corporate governance in transitional economies and of corporate governance in China especially. Drawing upon the insights of New Institutional Economics theory she examines the interplay between formal and informal enforcement mechanisms relating to corporate governance in China. To support this argument the book breaks new ground by providing a comprehensive examination of enforcement actions in ChinaÕs stock market; her findings are at variance from conclusions found in other research, such as in the law and finance literature. Rather than simply imitating the dominant Anglo-American model of corporate governance, she argues that local conditions will greatly affect the choice of the most appropriate governance models. This has been especially so in China.Õ Ð Roman Tomasic, University of South Australia and Durham Law School, UK This important new book attempts to establish a fresh conceptual framework for the study of corporate governance by employing the new institutional economics of contract enforcement. This framework helps to clarify two critical issues including the role of law in financial development and whether there is an optimal corporate governance model that should be followed by countries attempting to develop their own stock markets. Applying this novel framework, the author conducts a comprehensive study on Chinese corporate governance and discovers that the Chinese stock market has rapidly expanded even in the absence of any effective institutions. She provides a credible explanation to this ÔChina puzzleÕ by arguing that the growth of the stock market is mainly driven by state guarantees, institutional rent seeking by state-owned companies, financial repression and investorsÕ speculation. Indeed, there is probably nowhere better to look than ChinaÕs stock market to assess the limits of the gradualist approach to financial development. As the book explains, the potential efficiency gains that could be created by a healthy, well-functioning stock market have been completely outweighed by the consideration of maintaining the existing political system. This book will appeal to scholars and students of economics and law with an interest in corporate governance, Chinese economic development and new institutional economics.

The Oxford Handbook of Banking

Author : Allen N. Berger
Publisher : Oxford University Press
ISBN 13 : 0192558080
Total Pages : 1328 pages
Book Rating : 4.1/5 (925 download)

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Book Synopsis The Oxford Handbook of Banking by : Allen N. Berger

Download or read book The Oxford Handbook of Banking written by Allen N. Berger and published by Oxford University Press. This book was released on 2019-10-31 with total page 1328 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Banking, Third Edition provides an overview and analysis of developments and research in this rapidly evolving field. Aimed at graduate students of economics, banking, and finance; academics; practitioners; regulators; and policy makers, it strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material. Split into five distinct parts The Oxford Handbook of Banking is a one-stop source of relevant research in banking. It examines the theory of banking, bank operations and performance, regulatory and policy perspectives, macroeconomic perspectives in banking, and international differences in banking structures and environments. Taking a global perspective it examines banking systems in the United States, China, Japan, Australia and New Zealand, Africa, the European Union, transition countries of Europe, and Latin America. Thematic issues covered include financial innovation and technological change; consumer and mortgage lending; Islamic banking; and how banks influence real economic activity. Fully revised and now including brand new chapters on a range of geographical regions, bank bailouts and bail-ins, and behavioral economics amongst many other topics, this third edition of The Oxford Handbook of Banking provides readers with insights to seminal and contemporary research in banking and an opportunity to learn about the diversity of financial systems around the world.

Routledge Handbook of Japanese Business and Management

Author : Parissa Haghirian
Publisher : Routledge
ISBN 13 : 1317859553
Total Pages : 421 pages
Book Rating : 4.3/5 (178 download)

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Book Synopsis Routledge Handbook of Japanese Business and Management by : Parissa Haghirian

Download or read book Routledge Handbook of Japanese Business and Management written by Parissa Haghirian and published by Routledge. This book was released on 2016-01-29 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Routledge Handbook of Japanese Business and Management provides a comprehensive overview of management and business processes and practices in Japanese companies. The contributors combine theoretical findings and research results with a practical and contemporary view on how corporations and firms are managed in Japan. The handbook is divided into eight sections covering: historical perspectives on Japanese management; structure and theory of the Japanese firm; the corporate environment in Japan; the Japanese work environment; the Japanese market; manufacturing and logistics; interaction and communication; the future of Japanese management. This book is an essential reference resource for students and scholars working on Japanese companies, the Japanese market-place, Japanese consumers, or management processes in the Japanese firm. The book also provides an interesting and informative read for managers who need to deepen their knowledge on Japanese business processes.