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3 essays on universal banking.

Ross, David G.

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3 essays on universal banking.

Record Type:	Language materials, printed : Monograph/item
Title/Author:	3 essays on universal banking./
Author:	Ross, David G.
Description:	163 p.
Notes:	Adviser: Bernard Yeung.
Contained By:	Dissertation Abstracts International68-08A.
Subject:	Business Administration, Banking. -
Online resource:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3282262
ISBN:	9780549211747

3 essays on universal banking.
Ross, David G.

3 essays on universal banking. - 163 p.

Adviser: Bernard Yeung.

Thesis (Ph.D.)--New York University, Graduate School of Business Administration, 2007.

This dissertation comprises three essays, two theoretical and one empirical. The focus is on intermediary behavior and performance, specifically with respect to the scope of an intermediary's activities.

ISBN: 9780549211747Subjects--Topical Terms:

1018458
Business Administration, Banking.

3 essays on universal banking.
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008 110831s2007 ||||||||||||||||| ||eng d
020 $a 9780549211747
035 $a (UMI)AAI3282262
035 $a AAI3282262
040 $a UMI $c UMI
100 1 $a Ross, David G. $3 1286550
245 1 0 $a 3 essays on universal banking.
300 $a 163 p.
500 $a Adviser: Bernard Yeung.
500 $a Source: Dissertation Abstracts International, Volume: 68-08, Section: A, page: 3523.
502 $a Thesis (Ph.D.)--New York University, Graduate School of Business Administration, 2007.
520 $a This dissertation comprises three essays, two theoretical and one empirical. The focus is on intermediary behavior and performance, specifically with respect to the scope of an intermediary's activities.
520 $a Essay 1: On bankers and their incentives under universal banking. In the absence of agency, scope economies in the combination of lending with other forms of financial intermediation may enable multitasking "universal bankers" to provide intermediation services more efficiently than specialist commercial and investment bankers. But the incentives of a multitasking banker are different from those of a specialist. This chapter develops a multitasking principal-agent model of universal banking to study these incentive effects and identify what activities are optimally combined with lending and under what circumstances.
520 $a Essay 2: On the choice between discretionary and non-discretionary lending. A lender may choose between using hard, quantifiable information to make lending decisions centrally (non-discretionary lending) and relying on the judgment of loan officers, who use soft information (discretionary lending). This chapter studies how this choice affects, and is affected by, prevailing economic and competitive conditions.
520 $a Essay 3: The "dominant bank effect": how high lender reputation affects the information content and terms of bank loans. Three large banks control over half of the US commercial loan market by volume through the syndication process. Using two estimation procedures to control for the endogeneity of lender-borrower matching, this chapter shows that the borrower stock price response to a loan announcement is substantially more favorable if one of these dominant banks is the lender but can be reduced by conflicts with securities underwriting. The chapter then shows that these banks charge lower interest rates and are more likely to lend without the protection of a borrowing base, suggesting that the "dominant bank effect" arises from superior screening and monitoring ability.
590 $a School code: 0868.
650 4 $a Business Administration, Banking. $3 1018458
650 4 $a Business Administration, Management. $3 626628
650 4 $a Economics, Finance. $3 626650
690 $a 0454
690 $a 0508
690 $a 0770
710 2 $a New York University, Graduate School of Business Administration. $3 1025676
773 0 $t Dissertation Abstracts International $g 68-08A.
790 $a 0868
790 1 0 $a Yeung, Bernard, $e advisor
791 $a Ph.D.
792 $a 2007
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=3282262