DOMESTIC LENDING IN HOLDING COMPANIES: THEORY AND PRACTICE

The economics of lending with joint liability: theory and practice

Institutions that rely on joint liability to facilitate lending to the poor have a long history and are now a common feature of many developing countries. Economists have proposed several theories of joint-liability lending that stress various aspects of its informational and enforcement advantages over other forms of lending. This paper analyzes how joint-liability lending promotes screening, ...

Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice

Measuring the performance of financial holding companies

Measuring the performance of financial holding companies Chuang-Min Chao a , Ming-Miin Yu b & Mu-Chen Chen c a Department of Business Management , National Taipei University of Technology , No. 1, Section 3, Chung-Hsiao E. Road, Taipei, 105, Taiwan, Republic of China b Department of Transportation and Navigation Science , National Taiwan Ocean University , No. 2, Pei-Ning Road, Keelung, 20224, ...

The Management Structure of Russian Holding Companies

Contrary to the expectations of the neo-liberal theorists of ‘shock therapy’, the collapse of the soviet system did not lead to the rapid and spontaneous development of the institutions and practices typical of a capitalist market economy. This led some critics to doubt whether Russia was in transition to capitalism at all. Michael Burawoy, for example, has characterised the developmental traje...

Public Disclosure, Risk, and Performance at Bank Holding Companies

This paper examines the relationship between the amount of information disclosed by bank holding companies (BHCs) and their subsequent risk profile and performance. Using data from the annual reports of BHCs with large trading operations, we construct an index of publicly disclosed information about the BHCs’ forward-looking estimates of market risk exposure in their trading and market-making a...