| 書目名稱 | Too-Big-to-Fail in Banking | | 副標(biāo)題 | Impact of G-SIB Desi | | 編輯 | Tom Filip Lesche | | 視頻video | http://file.papertrans.cn/926/925886/925886.mp4 | | 叢書名稱 | Finanzwirtschaft, Banken und Bankmanagement I‘Finance, Banks and Bank Management | | 圖書封面 |  | | 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 | | 關(guān)鍵詞 | 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 |
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