Bank control, takeovers and corporate governance in Germany

Article Abstract:

The control that German banks exercise, which are involved in hostile takeovers in the country, stems from their posts as chairmen of supervisory boards and the proxy votes which they can use on behalf of individual stockholders. As the Feldmuhle Nobel case shows, proxy votes offer banks with the capability to safeguard minority stockholders. When unified with voting right limitations, they can direct acquirors to buy almost all of the stocks of a prospective in the market prior to securing control.

Author: Mayer, Colin, Franks, Julian
Germany, Corporate governance, Tender offers (Securities), Tender offers

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Commercial bank net interest margins, default risk, interest-rate risk, and off-balance sheet banking

Article Abstract:

The study analyzed the relationship between bank net interest margins and interest-rate risk, default risk and off-balance sheet (OBS) banking using Bank Call Report data over the period 1989-1993. Evidence indicated a significant relationship between OBS activities, interest rate and liquidity risks. Sensitivity to interest rate risk is shown by super-regional and regional banks while default risk appears to have an impact on the net interest margins of money-center banks.

Author: Angbazo, Lazarus
Interest Rates, Asset & Risk Management, Risk (Economics), Default (Finance)

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The risk of foreign currency contingent claims at US commercial banks

Article Abstract:

The links between market based measures of risk and foreign currency contingent claims in US market banks, are examined.

Author: Chaudhry, Mukesh K., Christie-David, Rohan, Koch, Timothy W., Reichert, Alan K.
Currency options

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Subjects list: Research, Banking industry, Commercial banks
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