The Value of Bank Capital and the Structure of the Banking Industry

• 成果类型: Article
• 署名作者: Allen, Franklin; Fulghieri, Paolo; Mehran, Hamid
• 署名单位: University of North Carolina; University of North Carolina Chapel Hill; University of Pennsylvania; Federal Reserve System - USA; Federal Reserve Bank - New York
• 刊物名称: REVIEW OF FINANCIAL STUDIES
• ISSN/ISSBN: 0893-9454
• DOI: 10.1093/rfs/hhr003
• 发表日期: 2011
• 页码: 971
• 关键词: Financial intermediation; Mutual funds; liquidity; models

摘要

The critical role played by financial institutions in the recent financial crises has generated renewed interest on the corporate finance of the banking firm and the impact of the banking sector on the real economy. This paper introduces the special issue of the Review of Financial Studies dedicated to The Value of Bank Capital and the Structure of the Banking Industry. The special issue combines papers presented at the conference on Corporate Finance of Financial Intermediaries in September 2006, which was jointly organized by the Federal Reserve Bank of New York, the Wharton Financial Institutions Center of the University of Pennsylvania, and the Review of Financial Studies, with other related papers. (JEL G21)