Bank Capital Structure and Procyclicality of Leverage

Table Of Contents

• Cover
• Title
• Copyright
• About the author(s)/editor(s)
• About the book
• This eBook can be cited
• Table of Contents
• List of Tables
• List of Figures
• Abbreviations
• 1 Introduction
• 2 Procyclicality
• 2.1 Definition of procyclicality
• 2.2 Causes of procyclicality
• 2.2.1 Deviations from the efficient market hypothesis
• 2.2.2 Credit rating agencies
• 2.2.3 Economic policy
• 2.2.4 Basel II and procyclicality
• 2.2.5 Fair value accounting
• 2.2.6 Leverage
• 3 The determinants of bank capital structure
• 3.1 Definition of capital structure
• 3.2 Theories of capital structure
• 3.2.1 Modigliani and Miller Irrelevance Theory
• 3.2.2 Trade-Off Theory
• 3.2.3 Pecking Order Theory
• 3.2.4 Agency Theory
• 3.3 Empirical research on the determination of capital structure
• 3.3.1 Determinants of firms capital structure
• 3.3.2 Determinants of banks capital structure
• 4 Research design
• 4.1 Procyclicality of leverage
• 4.1.1 Data and sample selection
• 4.1.2 The variables
• 4.1.2.1 The dependent variables
• 4.1.2.2 The explanatory variable
• 4.1.2.3 The control variables
• 4.1.3 Descriptive statistics
• 4.1.4 Empirical research model
• 4.1.4.1 First model
• 4.1.4.2 Second model
• 4.1.4.3 Third model
• 4.1.4.4 Fourth and fifth models
• 4.1.4.5 Sixth model
• 4.1.4.6 Seventh model
• 4.1.4.7 Eighth model
• 4.1.5 Data analysis and results
• 4.2 Determinants of leverage
• 4.2.1 Data and sample selection
• 4.2.2 The variables
• 4.2.2.1 Size
• 4.2.2.2 Collateral
• 4.2.2.3 Profit
• 4.2.2.4 Inflation
• 4.2.2.5 Gross domestic product
• 4.2.2.6 Money supply
• 4.2.2.7 Exchange rate
• 4.2.2.8 Number of banks
• 4.2.3 Descriptive statistics
• 4.2.4 Empirical research model
• 4.2.5 Data analysis and results
• 5 Conclusion
• 6 References