Too-big-to-fail in banking: impact of g-sib designation and regulation on relative equity valuations
Auteur :
Lesche, Tom Filip
Éditeur :
Springer Fachmedien Wiesbaden
ISBN :
9783658341817
Date de publication :
29 juin 2021
Dimensions :
24,0 x 16,8 cm
Langue :
Anglais
Pays d'origine :
Allemagne
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.