Počet záznamů: 1
The formation of hidden negative capital in banking
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$a Kostrov, Alexander $4 aut 245 14
$a The formation of hidden negative capital in banking : $b a product mismatch hypothesis / $c Alexander Kostrov, Mikhail Mamonov 264 -1
$a Prague : $b CERGE-EI, $c 2019 300 $a 41 stran : $b ilustrace ; $c 21 cm 336 $a text $b txt $2 rdacontent 337 $a bez média $b n $2 rdamedia 338 $a svazek $b nc $2 rdacarrier 490 1-
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$a "This paper investigates the phenomenon of hidden negative capital (HNC) associated with bank failures and introduces a product mismatch hypothesis to explain the formation of HNC. Given that troubled banks tend to hide negative capital in financial statements from regulators to keep their licenses, we attempt to capture this gambling behavior by evaluating product mismatches reflecting disproportions between the allocation of bank assets and the sources of funding. We manually collect unique data on HNC and test our hypothesis using U.S. and Russian banking statistics for the 20042017 period (external validity argument). To manage the sample selection concerns, we apply the Heckman selection approach. Our results clearly indicate that product mismatch matters and works similarly in both U.S. and Russian banking systems. Specifically, an increase in mismatch has two effects: it leads to a higher probability that a bank’s capital is negative and raises the conditional size of the bank’s HNC. Further, we demonstrate that the mismatch effect is heterogeneous with respect to bank size being at least partially consistent with the informational asymmetry view. Our results may facilitate improvements in the prudential regulation of banking activities in other countries that share similar features with either the U.S. or Russian banking systems." In KOSTROV, Alexander. The formation of hidden negative capital in banking: a product mismatch hypothesis. Prague: CERGE-EI, 2019. 41 stran. Working paper series, 636. ISBN 978-80-7343-443-4. $c okcz $u https://www.obalkyknih.cz/view?nbn=cnb003087481 $2 OKCZ - ANOTACE Z WEBU 546 $a České a anglické resumé 650 07
$a bankovní management $7 ph436056 $2 czenas 650 07
$a asymetrické informace $7 ph556252 $2 czenas 650 07
$a bankovní regulace $7 ph118751 $2 czenas 650 07
$a bankovní dohled $7 ph118750 $2 czenas 655 -7
$a studie $7 fd133597 $2 czenas 700 1-
$a Mamonov, Michail Jevgen‘jevič $7 jo20191053923 $4 aut 830 -0
$a Working paper series (CERGE-EI) ; $v 636 910 $a CBA001 FMT BK
Počet záznamů: 1