EconStor >
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim >
ZEW Discussion Papers >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/24709
  
Title:The Determinants of Capital Structure: Some Evidence from Banks PDF Logo
Authors:Heider, Florian
Gropp, Reint Eberhard
Issue Date:2008
Series/Report no.:ZEW Discussion Papers 08-015
Abstract:This paper documents that standard cross-sectional determinants of firm leverage also apply to the capital structure of large banks in the United States and Europe. We find a remarkable consistency in sign, significance and economic magnitude. Like non-financial firms, banks appear to have stable capital structures at levels that are specific to each individual bank. The results suggest that capital requirements may only be of second-order importance for banks? capital structures and confirm the robustness of current corporate finance findings in a holdout sample of banks.
Subjects:capital structure
corporate finance
leverage
bank capital
banking regulation
JEL:G32
G21
Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers
Publikationen von Forscherinnen und Forschern des ZEW

Files in This Item:
File Description SizeFormat
dp08015.pdf451.29 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/24709

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.