Universal Banks and Equity Investment (notice n° 545206)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01088cam a2200157 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250121113630.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Lepetit, Lætitia |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Universal Banks and Equity Investment |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2003.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 3 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | This paper analyses the implications of bank equity investment in firms on the stability of the banking system under conditions of asymmetric information and moral hazard. We show that there exists a “U-shaped” relationship between the risk of the universal and the investment banks’ asset and the level of their equity investment. Our theoretical and empirical results end up in favour of the choice of the European, Japan and American regulators who forbid banks from exceeding a threshold of equity investment. Such regulation must prevent banks to take excessive risks.Classification JEL: G21, G24, G28 |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Revue économique | 54 | 4 | 2003-07-01 | p. 857-885 | 0035-2764 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/journal-revue-economique-2003-4-page-857?lang=en&redirect-ssocas=7080">https://shs.cairn.info/journal-revue-economique-2003-4-page-857?lang=en&redirect-ssocas=7080</a> |
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