Corporate-Government Interplay: The Era of Industrial Aid Finance
In: Urban affairs quarterly, Volume 7, Issue 2, p. 219-241
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In: Urban affairs quarterly, Volume 7, Issue 2, p. 219-241
In: The journal of financial research: the journal of the Southern Finance Association and the Southwestern Finance Association, Volume 6, Issue 1, p. 67-81
ISSN: 1475-6803
AbstractThis paper addresses managerial motivation, stockholder motivation, organizational effects of affiliation, and the proper analytical approach to study bank holding companies. A consolidated entity viewpoint is employed. A valuation model is developed and empirically implemented in which important factors such as intra‐organizational effects, service fees, expanded debt capacity, and equity adjustments are considered. These factors have been ignored by conventional studies. In addition, this study's methodology extends considerably that of the prior studies incorporating a consolidated entity valuation approach. A valuation model, despite its requirements for highly specific empirical data, is generally superior over univariate, multivariate, and market models in assessing BHC performance.
In: Journal of economics and business, Volume 37, Issue 4, p. 311-325
ISSN: 0148-6195
In: Journal of economics and business, Volume 45, Issue 2, p. 143-158
ISSN: 0148-6195