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 similarity in sign and significance of the estimated coefficients for banks’ leverage
to the standard corporate finance regression suggests that a pure regulatory view does not
apply to banks’ capital structure. But can the results be explained by banks holding buffers of
discretionary capital in order to avoid violating regulatory thresholds? Recall from Table IV
that banks with higher market-to-book ratios, higher profits and that pay dividends should
hold less discretionary capital since they can be expected to face lower costs of issuing equity.
However, these banks hold more discretionary capital. Moreover, collateral matters for the
banks in...
Nội dung trích xuất từ tài liệu:
WORKING PAPER SERIES NO 868 / FEBRUARY 2008: PURDAH ON THE RATIONALE FOR CENTRAL BANK SILENCE AROUND POLICY MEETINGS
