1 option
Implications of Corporate Capital Structure Theory for Banking Institutions / Yair E. Orgler, Robert A. Taggart, Jr..
- Format:
- Book
- Author/Creator:
- Orgler, Yair E.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w0737.
- NBER working paper series no. w0737
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 1981.
- Summary:
- This paper applies some recent advances in corporate capital structure theory to the determination of optimal capital in banking. The effects of corporate and personal taxes, government regulation, the technology of producing deposit services and the costs of bankruptcy and agency problems are all discussed in the context of the U.S. commercial banking system. The analysis suggests explanations for why commercial banks tend to have relatively less capital than nonfinancial firms, why commercial bank leverage has tended to increase over time and why large banks tend to have relatively less capital than small banks.
- Notes:
- Print version record
- August 1981.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.