Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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The negative coefficient of risk on leverage, both in market and book values, is in line
with standard corporate finance arguments, but also consistent with the regulatory view. In its
pure form, in which regulation constitutes the overriding departure from the Modigliani and
Miller irrelevance proposition, a regulator could force riskier banks to hold more book equity.
In that regard, omitting risk from the standard leverage regression (1) would result in spurious
significance of the remaining variables. The results in Table VII show this is not the case.
Risk does not drive out the other variables. An F-test on the...
Nội dung trích xuất từ tài liệu:
Working PaPer SerieS no 1075 / July 2009: Bank riSk anD MoneTary PoliCy
