| 书目名称 | Too-Big-to-Fail in Banking |
| 副标题 | Impact of G-SIB Desi |
| 编辑 | Tom Filip Lesche |
| 视频video | |
| 丛书名称 | Finanzwirtschaft, Banken und Bankmanagement I‘Finance, Banks and Bank Management |
| 图书封面 |  |
| 描述 | This book provides a comprehensive summary of the latest academic research on the important topic of too-big-to-fail (TBTF) in banking. It explains TBTF from various perspectives including the range of regulatory measures proposed to counter TBTF, most notably the globally accepted regulation of global-systemically important banks (G-SIBs) and its main tool of capital surcharges. The empirical analysis quantifies the shareholder value of the G-SIB attribution by using quarterly observations from more than 750 global banks between Q2 2008 and Q3 2015. The main finding is that G-SIBs are confronted with a substantial relative valuation discount compared to non-G-SIBs. From the end of 2011 until the end of 2015, a stable discount of 0.6x–0.8x price-to-tangible common equity (P/TCE) is statistically highly significant. The results suggest that the G-SIB designation effect, which positively impacts G-SIBs’ share prices because of funding benefits from IGGs, is dominated by the regulatory G-SIB burden effect, which negatively impacts G-SIBs’ share prices because of lower profitability due to capital surcharges and other regulatory requirements placed on G-SIBs. The findings re-open the d |
| 出版日期 | Book 2021 |
| 关键词 | Banks; Too-Big-To-Fail; Regulation; Global Systemically Important Bank; Valuation; Price-to-Book Value Ra |
| 版次 | 1 |
| doi | https://doi.org/10.1007/978-3-658-34182-4 |
| isbn_softcover | 978-3-658-34181-7 |
| isbn_ebook | 978-3-658-34182-4Series ISSN 2524-6429 Series E-ISSN 2524-6437 |
| issn_series | 2524-6429 |
| copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Fachmedien Wies |
发表于 2025-3-21 18:26:28
