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Publisher: Springer-Verlag (Total: 2574 journals)

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Showing 1 - 200 of 2574 Journals sorted by number of followers
Intl. J. on Digital Libraries     Hybrid Journal   (Followers: 757, SJR: 0.441, CiteScore: 2)
Information Retrieval     Hybrid Journal   (Followers: 658, SJR: 0.352, CiteScore: 2)
Trends in Organized Crime     Hybrid Journal   (Followers: 525, SJR: 0.26, CiteScore: 1)
Crime, Law and Social Change     Hybrid Journal   (Followers: 485, SJR: 0.357, CiteScore: 1)
J. of Police and Criminal Psychology     Hybrid Journal   (Followers: 431, SJR: 0.35, CiteScore: 1)
Diabetologia     Hybrid Journal   (Followers: 321, SJR: 3.228, CiteScore: 5)
Innovative Higher Education     Hybrid Journal   (Followers: 307, SJR: 0.586, CiteScore: 1)
Natural Hazards     Hybrid Journal   (Followers: 289, SJR: 0.767, CiteScore: 2)
Gyroscopy and Navigation     Hybrid Journal   (Followers: 237, SJR: 0.292, CiteScore: 1)
Biodiversity and Conservation     Open Access   (Followers: 218, SJR: 1.243, CiteScore: 3)
Dysphagia     Hybrid Journal   (Followers: 184, SJR: 0.99, CiteScore: 2)
Pharmaceutical Research     Hybrid Journal   (Followers: 177, SJR: 1.077, CiteScore: 3)
Higher Education     Hybrid Journal   (Followers: 177, SJR: 1.782, CiteScore: 2)
Archives and Museum Informatics     Hybrid Journal   (Followers: 169, SJR: 0.101, CiteScore: 0)
European J. of Information Systems     Hybrid Journal   (Followers: 161, SJR: 1.628, CiteScore: 4)
Crime Prevention and Community Safety     Hybrid Journal   (Followers: 153, SJR: 0.268, CiteScore: 1)
Space Science Reviews     Hybrid Journal   (Followers: 95, SJR: 3.262, CiteScore: 7)
J. of Autism and Developmental Disorders     Hybrid Journal   (Followers: 86, SJR: 1.81, CiteScore: 4)
Intensive Care Medicine     Hybrid Journal   (Followers: 74, SJR: 3.293, CiteScore: 4)
Education and Information Technologies     Hybrid Journal   (Followers: 72, SJR: 0.403, CiteScore: 1)
Ethics and Information Technology     Hybrid Journal   (Followers: 70, SJR: 0.512, CiteScore: 2)
Archival Science     Hybrid Journal   (Followers: 68, SJR: 0.745, CiteScore: 2)
Applied Microbiology and Biotechnology     Hybrid Journal   (Followers: 67, SJR: 1.182, CiteScore: 4)
European J. of Law and Economics     Hybrid Journal   (Followers: 63, SJR: 0.375, CiteScore: 1)
Marine Biology     Hybrid Journal   (Followers: 62, SJR: 1.085, CiteScore: 2)
Landscape Ecology     Hybrid Journal   (Followers: 62, SJR: 1.858, CiteScore: 4)
J. of Archaeological Method and Theory     Hybrid Journal   (Followers: 62, SJR: 2.014, CiteScore: 3)
Educational Technology Research and Development     Partially Free   (Followers: 61)
Climatic Change     Open Access   (Followers: 61, SJR: 2.035, CiteScore: 4)
J. of Information Technology     Hybrid Journal   (Followers: 60, SJR: 1.752, CiteScore: 4)
Research in Higher Education     Hybrid Journal   (Followers: 58, SJR: 1.702, CiteScore: 2)
Advances in Data Analysis and Classification     Hybrid Journal   (Followers: 58, SJR: 1.09, CiteScore: 1)
Oecologia     Hybrid Journal   (Followers: 57, SJR: 1.695, CiteScore: 3)
J. of the Indian Society of Remote Sensing     Hybrid Journal   (Followers: 57, SJR: 0.337, CiteScore: 1)
J. of Experimental Criminology     Hybrid Journal   (Followers: 57, SJR: 2.639, CiteScore: 4)
Machine Learning     Hybrid Journal   (Followers: 57, SJR: 0.695, CiteScore: 3)
Earth, Moon, and Planets     Hybrid Journal   (Followers: 57, SJR: 0.63, CiteScore: 1)
J. of Business Ethics     Hybrid Journal   (Followers: 56, SJR: 1.276, CiteScore: 3)
Experimental Techniques     Hybrid Journal   (Followers: 56, SJR: 0.296, CiteScore: 1)
Intl. J. for Philosophy of Religion     Hybrid Journal   (Followers: 56, SJR: 0.354, CiteScore: 0)
Cambridge journal of evidence-based policing     Hybrid Journal   (Followers: 54)
Applied Composite Materials     Hybrid Journal   (Followers: 53, SJR: 0.58, CiteScore: 2)
Advances in Polymer Science     Hybrid Journal   (Followers: 49, SJR: 1.04, CiteScore: 3)
J. of Earth System Science     Open Access   (Followers: 49, SJR: 0.366, CiteScore: 1)
Intl. J. of Historical Archaeology     Hybrid Journal   (Followers: 49, SJR: 0.427, CiteScore: 1)
J. of Archaeological Research     Hybrid Journal   (Followers: 48, SJR: 2.159, CiteScore: 4)
European J. of Applied Physiology     Hybrid Journal   (Followers: 47, SJR: 1.186, CiteScore: 2)
Memory & Cognition     Hybrid Journal   (Followers: 47, SJR: 1.379, CiteScore: 2)
J. of Astrophysics and Astronomy     Open Access   (Followers: 47, SJR: 0.266, CiteScore: 0)
Environmental Management     Open Access   (Followers: 47, SJR: 0.921, CiteScore: 2)
Canadian J. of Anesthesia/J. canadien d'anesthésie     Hybrid Journal   (Followers: 46, SJR: 0.908, CiteScore: 2)
Contemporary Political Theory     Hybrid Journal   (Followers: 46, SJR: 0.331, CiteScore: 0)
Applied Biochemistry and Biotechnology     Hybrid Journal   (Followers: 44, SJR: 0.571, CiteScore: 2)
Bulletin of Materials Science     Open Access   (Followers: 43, SJR: 0.31, CiteScore: 1)
J. of Family Violence     Hybrid Journal   (Followers: 43, SJR: 0.679, CiteScore: 1)
Astrophysics and Space Science     Hybrid Journal   (Followers: 43, SJR: 0.616, CiteScore: 1)
Metallurgical and Materials Transactions A     Hybrid Journal   (Followers: 42, SJR: 1.093, CiteScore: 2)
Comparative European Politics     Hybrid Journal   (Followers: 42, SJR: 1.24, CiteScore: 2)
Demography     Hybrid Journal   (Followers: 41, SJR: 2.345, CiteScore: 3)
Foundations of Physics     Hybrid Journal   (Followers: 41, SJR: 0.454, CiteScore: 1)
J. of Intl. Business Studies     Hybrid Journal   (Followers: 41, SJR: 5.198, CiteScore: 7)
Water Resources Management     Open Access   (Followers: 40, SJR: 1.185, CiteScore: 3)
Qualitative Sociology     Hybrid Journal   (Followers: 40, SJR: 0.984, CiteScore: 1)
Advances in Atmospheric Sciences     Hybrid Journal   (Followers: 40, SJR: 0.956, CiteScore: 2)
Intl. J. of Earth Sciences     Hybrid Journal   (Followers: 40, SJR: 1.125, CiteScore: 2)
Data Mining and Knowledge Discovery     Hybrid Journal   (Followers: 40, SJR: 0.864, CiteScore: 4)
Mindfulness     Hybrid Journal   (Followers: 39, SJR: 1.132, CiteScore: 3)
Environment, Development and Sustainability     Hybrid Journal   (Followers: 39, SJR: 0.392, CiteScore: 1)
European Political Science     Hybrid Journal   (Followers: 39, SJR: 0.25, CiteScore: 0)
Economia Politica     Hybrid Journal   (Followers: 38, SJR: 0.277, CiteScore: 1)
Experimental Astronomy     Hybrid Journal   (Followers: 38, SJR: 0.908, CiteScore: 2)
Metal Science and Heat Treatment     Hybrid Journal   (Followers: 38, SJR: 0.279, CiteScore: 0)
Solar Physics     Hybrid Journal   (Followers: 37, SJR: 1.517, CiteScore: 3)
European J. of Health Economics     Hybrid Journal   (Followers: 37, SJR: 1.153, CiteScore: 2)
Scientometrics     Hybrid Journal   (Followers: 37, SJR: 1.125, CiteScore: 3)
IMF Economic Review     Hybrid Journal   (Followers: 37, SJR: 3.287, CiteScore: 2)
Climate Dynamics     Hybrid Journal   (Followers: 37, SJR: 2.445, CiteScore: 4)
Environmental Monitoring and Assessment     Hybrid Journal   (Followers: 37, SJR: 0.589, CiteScore: 2)
Aquatic Ecology     Hybrid Journal   (Followers: 37, SJR: 0.656, CiteScore: 2)
Educational Psychology Review     Hybrid Journal   (Followers: 37, SJR: 2.204, CiteScore: 4)
J. of World Prehistory     Hybrid Journal   (Followers: 36, SJR: 2.022, CiteScore: 3)
J. of Quantitative Criminology     Hybrid Journal   (Followers: 36, SJR: 3.562, CiteScore: 4)
Behavioral Ecology and Sociobiology     Hybrid Journal   (Followers: 36, SJR: 1.323, CiteScore: 2)
JOM J. of the Minerals, Metals and Materials Society     Hybrid Journal   (Followers: 36, SJR: 1.054, CiteScore: 2)
European J. of Nutrition     Hybrid Journal   (Followers: 35, SJR: 1.408, CiteScore: 3)
Annals of Finance     Hybrid Journal   (Followers: 35, SJR: 0.579, CiteScore: 1)
Advances in Health Sciences Education     Hybrid Journal   (Followers: 35, SJR: 1.64, CiteScore: 2)
Biotechnology Letters     Hybrid Journal   (Followers: 34, SJR: 0.621, CiteScore: 2)
Forensic Science, Medicine, and Pathology     Hybrid Journal   (Followers: 33, SJR: 0.695, CiteScore: 1)
Child and Adolescent Social Work J.     Hybrid Journal   (Followers: 33, SJR: 0.444, CiteScore: 1)
Plant Ecology     Hybrid Journal   (Followers: 32, SJR: 0.914, CiteScore: 2)
Political Behavior     Hybrid Journal   (Followers: 32, SJR: 2.708, CiteScore: 2)
Reviews in Fish Biology and Fisheries     Open Access   (Followers: 32, SJR: 1.8, CiteScore: 4)
Analytical and Bioanalytical Chemistry     Hybrid Journal   (Followers: 32, SJR: 0.978, CiteScore: 3)
Metallurgical and Materials Transactions B     Hybrid Journal   (Followers: 32)
European J. of Epidemiology     Hybrid Journal   (Followers: 32, SJR: 3.228, CiteScore: 6)
Der Onkologe     Hybrid Journal   (Followers: 32, SJR: 0.119, CiteScore: 0)
Ecosystems     Hybrid Journal   (Followers: 32, SJR: 2.081, CiteScore: 4)
Australian Educational Researcher     Hybrid Journal   (Followers: 31, SJR: 0.675, CiteScore: 1)
Italian Economic J.     Hybrid Journal   (Followers: 31, SJR: 0.181, CiteScore: 0)
J. of the American Society for Mass Spectrometry     Hybrid Journal   (Followers: 31, SJR: 1.058, CiteScore: 3)
Accreditation and Quality Assurance: J. for Quality, Comparability and Reliability in Chemical Measurement     Hybrid Journal   (Followers: 31, SJR: 0.316, CiteScore: 1)
Intl. Politics     Hybrid Journal   (Followers: 31, SJR: 0.728, CiteScore: 1)
Academic Psychiatry     Full-text available via subscription   (Followers: 30, SJR: 0.53, CiteScore: 1)
Boundary-Layer Meteorology     Hybrid Journal   (Followers: 30, SJR: 1.262, CiteScore: 2)
Resonance     Hybrid Journal   (Followers: 29, SJR: 0.15, CiteScore: 0)
Motivation and Emotion     Hybrid Journal   (Followers: 29, SJR: 1.136, CiteScore: 2)
Transportation     Hybrid Journal   (Followers: 29, SJR: 1.911, CiteScore: 3)
J. of Population Economics     Hybrid Journal   (Followers: 29, SJR: 1.574, CiteScore: 2)
AAPS J.     Hybrid Journal   (Followers: 29, SJR: 1.118, CiteScore: 4)
Information Systems Frontiers     Hybrid Journal   (Followers: 29, SJR: 0.821, CiteScore: 4)
Clinical Social Work J.     Hybrid Journal   (Followers: 29, SJR: 0.498, CiteScore: 1)
American J. of Community Psychology     Hybrid Journal   (Followers: 29, SJR: 1.329, CiteScore: 2)
J. of Economic Growth     Hybrid Journal   (Followers: 29, SJR: 5.529, CiteScore: 5)
Current Diabetes Reports     Hybrid Journal   (Followers: 29, SJR: 1.618, CiteScore: 4)
GPS Solutions     Hybrid Journal   (Followers: 29, SJR: 1.674, CiteScore: 5)
ADHD Attention Deficit and Hyperactivity Disorders     Hybrid Journal   (Followers: 28, SJR: 0.72, CiteScore: 2)
Knee Surgery, Sports Traumatology, Arthroscopy     Hybrid Journal   (Followers: 28, SJR: 1.845, CiteScore: 3)
CEAS Aeronautical J.     Hybrid Journal   (Followers: 28, SJR: 0.248, CiteScore: 1)
Environmental Earth Sciences     Hybrid Journal   (Followers: 28, SJR: 0.552, CiteScore: 2)
J. of Risk and Uncertainty     Hybrid Journal   (Followers: 28, SJR: 1.471, CiteScore: 2)
J. of Happiness Studies     Hybrid Journal   (Followers: 28, SJR: 0.827, CiteScore: 2)
Flow, Turbulence and Combustion     Hybrid Journal   (Followers: 28, SJR: 0.934, CiteScore: 2)
Microsystem Technologies     Hybrid Journal   (Followers: 27, SJR: 0.346, CiteScore: 1)
IIC - Intl. Review of Intellectual Property and Competition Law     Hybrid Journal   (Followers: 27, SJR: 0.28, CiteScore: 0)
Law and Philosophy     Hybrid Journal   (Followers: 27, SJR: 0.471, CiteScore: 1)
Landslides     Hybrid Journal   (Followers: 27, SJR: 1.802, CiteScore: 4)
Astrophysics     Hybrid Journal   (Followers: 27, SJR: 0.225, CiteScore: 0)
Intl. J. of Information Security     Hybrid Journal   (Followers: 27, SJR: 0.555, CiteScore: 3)
Educational Assessment, Evaluation and Accountability     Hybrid Journal   (Followers: 26, SJR: 0.599, CiteScore: 1)
Higher Education Policy     Hybrid Journal   (Followers: 26, SJR: 0.652, CiteScore: 1)
J. of Ornithology     Hybrid Journal   (Followers: 26)
J. of Analytical Chemistry     Hybrid Journal   (Followers: 26, SJR: 0.265, CiteScore: 1)
J. of Financial Services Research     Hybrid Journal   (Followers: 26, SJR: 1.31, CiteScore: 1)
Applied Physics B: Lasers and Optics     Hybrid Journal   (Followers: 26, SJR: 0.74, CiteScore: 2)
Aquaculture Intl.     Hybrid Journal   (Followers: 26, SJR: 0.591, CiteScore: 2)
J. of Computational Neuroscience     Hybrid Journal   (Followers: 25, SJR: 0.888, CiteScore: 2)
J. of Banking Regulation     Hybrid Journal   (Followers: 25, SJR: 0.22, CiteScore: 0)
J. of Thermal Analysis and Calorimetry     Hybrid Journal   (Followers: 25, SJR: 0.587, CiteScore: 2)
Water, Air, & Soil Pollution     Open Access   (Followers: 25, SJR: 0.589, CiteScore: 2)
Intl. J. of Sexuality and Gender Studies     Hybrid Journal   (Followers: 25)
Review of Accounting Studies     Hybrid Journal   (Followers: 25, SJR: 2.757, CiteScore: 2)
Public Choice     Hybrid Journal   (Followers: 25, SJR: 0.991, CiteScore: 1)
J. of Nutrition, Health and Aging     Hybrid Journal   (Followers: 25, SJR: 1.249, CiteScore: 3)
Continental Philosophy Review     Partially Free   (Followers: 25, SJR: 0.145, CiteScore: 0)
Human Rights Review     Hybrid Journal   (Followers: 25, SJR: 0.175, CiteScore: 1)
European Business Organization Law Review (EBOR)     Full-text available via subscription   (Followers: 25, SJR: 0.409, CiteScore: 1)
Acta Mechanica     Hybrid Journal   (Followers: 25, SJR: 1.04, CiteScore: 2)
Human Ecology     Open Access   (Followers: 25, SJR: 0.752, CiteScore: 2)
Evolutionary Biology     Hybrid Journal   (Followers: 25, SJR: 0.81, CiteScore: 2)
European J. of Clinical Microbiology & Infectious Diseases     Hybrid Journal   (Followers: 25, SJR: 1.312, CiteScore: 3)
Russian Aeronautics (Iz VUZ)     Hybrid Journal   (Followers: 24, SJR: 0.136, CiteScore: 0)
Meteorology and Atmospheric Physics     Hybrid Journal   (Followers: 24, SJR: 0.543, CiteScore: 1)
The European Physical J. D - Atomic, Molecular, Optical and Plasma Physics     Hybrid Journal   (Followers: 24, SJR: 0.387, CiteScore: 1)
Wetlands     Hybrid Journal   (Followers: 24, SJR: 0.755, CiteScore: 2)
Mechanics of Composite Materials     Hybrid Journal   (Followers: 24, SJR: 0.313, CiteScore: 1)
J. of Public Health Policy     Partially Free   (Followers: 24, SJR: 0.715, CiteScore: 1)
World J. of Surgery     Hybrid Journal   (Followers: 24, SJR: 1.359, CiteScore: 2)
J. of Chemical Sciences     Partially Free   (Followers: 24, SJR: 0.352, CiteScore: 1)
Experimental Economics     Hybrid Journal   (Followers: 24, SJR: 2.276, CiteScore: 2)
J. of Pharmacokinetics and Pharmacodynamics     Hybrid Journal   (Followers: 24, SJR: 0.784, CiteScore: 2)
Biological Invasions     Hybrid Journal   (Followers: 24, SJR: 1.514, CiteScore: 3)
Experimental Mechanics     Hybrid Journal   (Followers: 24, SJR: 0.947, CiteScore: 2)
Breast Cancer Research and Treatment     Hybrid Journal   (Followers: 24, SJR: 2.066, CiteScore: 4)
Intl. J. of Mental Health and Addiction     Hybrid Journal   (Followers: 24, SJR: 0.49, CiteScore: 1)
Intl. J. of Science and Mathematics Education     Hybrid Journal   (Followers: 24, SJR: 0.737, CiteScore: 1)
Russian J. of Non-Ferrous Metals     Hybrid Journal   (Followers: 23, SJR: 0.281, CiteScore: 1)
J. of Materials Science     Hybrid Journal   (Followers: 23, SJR: 0.807, CiteScore: 3)
Breast Cancer     Hybrid Journal   (Followers: 23, SJR: 0.653, CiteScore: 2)
Diabetes Therapy     Open Access   (Followers: 23, SJR: 1.094, CiteScore: 3)
Canadian J. of Public Health     Hybrid Journal   (Followers: 23, SJR: 0.609, CiteScore: 1)
Critical Criminology     Hybrid Journal   (Followers: 23, SJR: 0.34, CiteScore: 1)
J. of Materials Engineering and Performance     Hybrid Journal   (Followers: 23, SJR: 0.611, CiteScore: 2)
Fluid Dynamics     Hybrid Journal   (Followers: 23, SJR: 0.345, CiteScore: 1)
Animal Cognition     Hybrid Journal   (Followers: 23, SJR: 1.389, CiteScore: 3)
Erkenntnis     Hybrid Journal   (Followers: 23, SJR: 1.502, CiteScore: 1)
Ethical Theory and Moral Practice     Hybrid Journal   (Followers: 23, SJR: 0.402, CiteScore: 1)
European Spine J.     Hybrid Journal   (Followers: 23, SJR: 1.535, CiteScore: 2)
Behavior Research Methods     Hybrid Journal   (Followers: 22, SJR: 2.099, CiteScore: 4)
J. of Public Health     Hybrid Journal   (Followers: 22, SJR: 0.265, CiteScore: 1)
Archaeological and Anthropological Sciences     Hybrid Journal   (Followers: 22, SJR: 1.052, CiteScore: 2)
Eating and Weight Disorders - Studies on Anorexia, Bulimia and Obesity     Hybrid Journal   (Followers: 22, SJR: 0.572, CiteScore: 2)
Electrical Engineering     Hybrid Journal   (Followers: 22, SJR: 0.323, CiteScore: 1)
Cancer Immunology, Immunotherapy     Hybrid Journal   (Followers: 22, SJR: 1.899, CiteScore: 5)
Astronomy and Astrophysics Review     Hybrid Journal   (Followers: 22, SJR: 3.385, CiteScore: 5)
American J. of Psychoanalysis     Hybrid Journal   (Followers: 22, SJR: 0.314, CiteScore: 0)
Current Microbiology     Hybrid Journal   (Followers: 22, SJR: 0.562, CiteScore: 1)
Science & Education     Hybrid Journal   (Followers: 22)
Applied Solar Energy     Hybrid Journal   (Followers: 22, SJR: 0.225, CiteScore: 0)
Environmental and Resource Economics     Hybrid Journal   (Followers: 22, SJR: 1.186, CiteScore: 2)
Chromatographia     Hybrid Journal   (Followers: 22, SJR: 0.514, CiteScore: 1)
Heat and Mass Transfer     Hybrid Journal   (Followers: 22, SJR: 0.448, CiteScore: 1)
Netherlands Intl. Law Review     Full-text available via subscription   (Followers: 22, SJR: 0.274, CiteScore: 0)
Human Nature     Hybrid Journal   (Followers: 22, SJR: 1.092, CiteScore: 2)
Coral Reefs     Hybrid Journal   (Followers: 21, SJR: 1.307, CiteScore: 3)
Hydrogeology J.     Hybrid Journal   (Followers: 21, SJR: 0.886, CiteScore: 2)
Astronomy Letters     Hybrid Journal   (Followers: 21, SJR: 0.452, CiteScore: 1)
African Archaeological Review     Hybrid Journal   (Followers: 21, SJR: 0.862, CiteScore: 1)
Advances in Computational Mathematics     Hybrid Journal   (Followers: 21, SJR: 0.812, CiteScore: 1)
Artificial Intelligence Review     Hybrid Journal   (Followers: 21, SJR: 0.833, CiteScore: 4)

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Similar Journals
Journal Cover
Journal of Financial Services Research
Journal Prestige (SJR): 1.31
Citation Impact (citeScore): 1
Number of Followers: 26  
  Hybrid Journal Hybrid journal (It can contain Open Access articles)
ISSN (Print) 1573-0735 - ISSN (Online) 0920-8550
Published by Springer-Verlag Homepage  [2574 journals]
  • Few Large with Many Small: Banks Size Distribution and Cross-Border
           Financial Linkages
    • Abstract: We estimate the effect of the distribution of banks by asset size on a country’s propensity to engage in cross-border banking. Countries where the distribution of banks by asset size is more skewed to the right (with few large and many small banks) lend more abroad and are recipients of more funds from foreign banks. This is consistent with the fact that large banks, with easier access to the international financial markets, act as a hub for smaller banks and at the same time stand out as safer too-big-to fail counterparts for foreign partners.
      PubDate: 2019-11-15
  • The LOLR Policy and its Signaling Effect in a Time of Crisis
    • Abstract: When a government implements an LOLR policy during a crisis, creditors can infer a bank’s quality by whether the bank borrows government loans. We establish a formal model to study an LOLR policy in the presence of this signaling effect. We find that three equilibria exist: a separating equilibrium where only low quality banks borrow from the government and two pooling equilibria where both high and low quality banks do and do not borrow from the government. Further, we find that the government’s lending rate serves an important signaling role and that hiding the identity of the banks that borrow government loans tends to encourage banks to do so. We also find two welfare effects of the LOLR policy: the liquidation cost saving and moral hazard. Depending on which effect dominates, the optimal LOLR policy differs.
      PubDate: 2019-10-29
  • International Evidence on the Determinants of Domestic Sovereign Debt Bank
    • Abstract: In this paper, we examine the determinants of bank holdings of domestic sovereign debt with a panel dataset of 295 banks in 35 countries between 2002 and 2013. The findings indicate that the structure of bank ownership (domestic, foreign, or government ownership), the quality of governance, and the level of financial development of the countries in which banks operate all determine the level of home bias. Specifically, we find that domestic banks tend to hold more domestic sovereign debt relative to their foreign counterparts. We also provide evidence that home bias is even stronger when the domestic bank is controlled by its government. Moreover, home bias increases when government bonds are more risky, home governments are less effective, and when banking systems are less financially developed. Overall, we find that banks’ home bias in holding sovereign debt is an international phenomenon that is determined by both bank- and country-specific factors.
      PubDate: 2019-10-18
  • Credit Value Adjustment with Market-implied Recovery
    • Abstract: We present a model for CVA calculation in which the recovery rate is inferred from the term structure of CDS spreads. The negative relation between recovery rates and default probabilities induces a substantial underestimation of the CVA when constant recovery is assumed. That underestimation prevails for both unilateral and bilateral CVA as well as for the CVA capital charge. The underestimation gets more severe as the horizon of the position increases. Our CVA model with market-implied recovery also offers a way to capture correlation effects between the level of exposure and counterparty risk.
      PubDate: 2019-10-01
  • Observables and Residuals: Exploring Cross-Border Differences in SME
           Borrowing Costs
    • Abstract: Cross-country comparisons of average loan interest rates, often carried out using statistics provided by national and international authorities, should be accompanied by strong caveats. If underlying compositional differences in loans, borrowers or lenders are unaccounted for, claims of over/under-pricing may be unfounded. In this paper, we propose a simple methodology that compares interest rates between countries after controlling for such differences. We apply our method to loan-level data from three Irish banks lending to Small and Medium Enterprises (SMEs) in both Ireland and the UK. We find that controlling for such factors reduces the the cross-country interest rate premium significantly. We attribute any remaining interest rate “gap” to overall lending market conditions – for example, to differences in the recoverability of collateral, the level of competition among banks, the aggregate perception of risk, or banks’ expectations on the relative movements in policy rates and exchange rates between the UK and the euro area.
      PubDate: 2019-10-01
  • Can the Book-to-Market Ratio Signal Banks’ Earnings and Default
           Risk' Evidence Around the Great Recession
    • Abstract: We examine the association between the book-to-market (B/M) ratio and the subsequent earnings and default risk of US banks in the period around the Great Recession. We find that banks with higher B/M ratios have consistently lower future earnings and greater earnings volatility. In addition, these banks have higher loan delinquency, more charge-offs, and lower Z-scores. We show that the B/M ratio signals information about a bank’s earnings and default risk about four to nine quarters before actual poor performance. Thus, the results show that the B/M ratio can provide advance signals for market monitoring of banks.
      PubDate: 2019-10-01
  • Western European Stakeholder Banks’ Loan Loss Accounting
    • Abstract: This study examines loan loss provisions (LLPs) in Western European banks over the 2004–2015 period. In particular, this study examines the discretionary cyclical component of LLPs and the timeliness of loan loss provisioning. Moreover, this study investigates the cyclicality of impaired loans. Banks are divided into four groups according to bank ownership type. The groups are commercial banks, cooperative banks, private savings banks and publicly owned savings banks. We thus study the implications of bank ownership type on banks’ loan loss accounting. The regression results suggest that, in general, provisions have a component that is unexplained by discretionary factors and that decreases during economic expansions and increases during recessions. However, in cooperative banks, this component is significantly smaller, suggesting that they do not decrease provisions because of, for example, over-optimism. Furthermore, stakeholder banks allocate provisions for the near-future expected losses whereas commercial banks do not. Finally, the impaired loans of savings banks are less sensitive to changes in the business cycle than those of commercial banks and cooperative banks.
      PubDate: 2019-10-01
  • Bank Transparency and the Market’s Perception of Bank Risk
    • Abstract: We investigate the effect of bank transparency on systematic and idiosyncratic risk in the stock market. Using the extent of individual banks’ timely recognition of expected loan losses and the amount of discretionary loan loss provisions as proxies for bank transparency, we find that more transparent banks are associated with lower idiosyncratic, and total, stock market risk. We also find that banks that use more discretionary loan loss provisions are associated with a lower ratio of systematic to idiosyncratic risk. In addition, the effect of bank transparency on stock market risk is mainly observed during the financial crisis period. Our results are robust to alternative transparency measures, the possibility of a non-linear relationship, and application of a dimensionality reduction procedure, and offer empirical evidence that providing more bank-specific information about loan portfolio risk mitigates uncertainty about a bank’s future events.
      PubDate: 2019-08-08
  • Predicting Loss Distributions for Small-Size Defaulted-Debt Portfolios
           Using a Convolution Technique that Allows Probability Masses to Occur at
           Boundary Points
    • Abstract: To predict the loss distribution of a small-size defaulted-debt portfolio, this research applies the central limit theorem (CLT) to predicted loss given default (LGD) distributions and exposures of defaulted-debts in the portfolio. However, when the portfolio size is not large enough, the results from using the CLT can lead to the wrong inference. To overcome this problem, we propose a convolution procedure that iteratively combines predicted LGD distributions and exposures of defaulted-debts in the portfolio together. Our convolution procedure allows predicted LGD distributions to have probability masses at boundary points. To illustrate the proposed procedure, we collect 4962 defaulted-debts from Moody’s Default and Recovery Database and use the censored transformed beta model to predict their LGD distributions. Using an expanding rolling window approach, our empirical results confirm that the proposed convolution procedure has better and more robust out-of-sample performance than its alternative based on the CLT, in the sense of yielding more accurate predicted loss distributions of defaulted-debt portfolios. Thus, it is useful for pricing and managing defaulted-debt portfolios.
      PubDate: 2019-08-01
  • Will Strangers Help you Enter' The Effect of Foreign Bank Presence on
           New Firm Entry
    • Abstract: We examine the effect of foreign bank presence on new firm entry in 83 economies over the 2005–2013 period. The empirical findings show that foreign bank presence exerts a positive and significant effect on firm entry. This effect subsides in countries with strong creditor rights, while it strengthens in economies with high depth of credit information sharing. In further analysis, we find that the type of credit information sharing provider matters. The positive effect of foreign bank presence on firm entry strengthens in the presence of a private credit bureau, whereas it is subdued in the presence of a public credit registry. Finally, we find some evidence that cultural and information sharing distance between home and host economies weakens the positive effect of foreign bank presence on firm entry. In terms of policy, attracting foreign banks while strengthening credit information sharing through private credit bureaus could benefit entrepreneurship in host economies.
      PubDate: 2019-08-01
  • Operational Risk and Risk Management Quality: Evidence from U.S. Bank
           Holding Companies
    • Abstract: This study documents the association between the quality of risk management practices and operational losses at large U.S. financial institutions. Using detailed supervisory data, we find that companies with weak risk management practices experience higher and more volatile operational losses. We also present evidence that the strength of risk management practices prior to the 2008–2009 Financial Crisis has explanatory power over losses during the crisis period. Our analysis provides new evidence of the importance of risk management practices for curtailing risk at financial institutions.
      PubDate: 2019-08-01
  • Quantifying and Stress Testing Operational Risk with Peer Banks’
    • Abstract: One of the main challenges that banks face in quantifying operational risk is the instability of risk estimates caused by heavy-tailed and insufficient loss data. To address these issues, we propose a loss scaling method to combine a bank’s internal loss data with loss data of peer banks. In this method, we scale tail losses using total assets and a measure of risk management quality as scaling factors. Using supervisory operational loss data from large U.S. bank holding companies, we demonstrate that our method of incorporating scaled external data improves the stability of operational risk estimates. In addition, we show that our scaling method can be applied for stress testing operational losses to macroeconomic shocks by better depicting the relationship between losses and macroeconomic variables.
      PubDate: 2019-07-31
  • Did Negative Interest Rates Improve Bank Lending'
    • Abstract: Since 2012 several central banks have introduced a negative interest rate policy (NIRP) aimed at boosting real spending by facilitating an increase in the supply and demand for bank loans. We employ a bank-level dataset comprising 6558 banks from 33 OECD member countries over 2012–2016 and a matched difference-in-differences estimator to analyze whether NIRP resulted in a change in bank lending in NIRP-adopter countries compared to those that did not adopt the policy. Our results suggest that following the introduction of negative interest rates, bank lending was weaker in NIRP-adopter countries. The result is robust to a wide range of checks. This adverse NIRP effect appears to have been stronger for banks that were smaller, more dependent on retail deposit funding, less well capitalized, had business models reliant on interest income, and operated in more competitive markets.
      PubDate: 2019-07-30
  • The Systemic Risk Implications of Using Credit Ratings Versus Quantitative
           Measures to Limit Bond Portfolio Risk
    • Abstract: Despite intense criticism, agency credit ratings are still widely used in regulation and risk management. One possible alternative is to replace them with quantitative default risk measures. For US data, I find that systemically relevant losses from corporate defaults are mostly smaller if risk-taking in portfolios is limited with the help of default probability estimates from the Credit Research Initiative rather than through Moody’s ratings. The results continue to hold when investors follow a regulatory arbitrage strategy that tilts portfolios toward issuers with high systematic risk. I further show that combining information from both measures can lead to a systemic risk profile that is more favorable than can be achieved by using only one.
      PubDate: 2019-07-10
  • Banking Crises and Market Timing: Evidence from M&As in the
           Banking Sector
    • Abstract: We investigate whether the gains are greater for banks that conduct mergers and acquisitions (M&As) during banking crises than during non-crisis periods. We contribute to the literature by examining 1984 M&As using global banking sample from 106 countries (areas) during 1994 ~ 2009. We find the synergistic gains of acquiring banks during banking crises are larger than those during non-crisis periods. We further find that such gains are greater when acquiring weak targets, for acquirers in developed countries, and for acquirers in domestic M&As. This study confirms that a banking crisis is an appropriate time for banks to conduct M&As.
      PubDate: 2019-06-19
  • Enforcement Actions, Market Movement and Depositors’ Reaction: Evidence
           from the US Banking System
    • Abstract: We examine market movement and depositors’ reaction following the announcement of enforcement actions (EAs) on US banks over the period 2004 to 2015. Using an extensive dataset of manually collected EAs, employing event study and multivariate analyses, we investigate the impact of EAs on key bank stakeholders, i.e. shareholders and depositors. Our findings suggest that equity market and depositors are able to discriminate EAs based on their severity. Market reacts negatively following severe EAs (cease and desist) while weak reaction is noted for other EA types (civil money penalty and formal agreements). Demand depositors exhibit some level of depositor disciplining mechanism following cease and desist announcements, while core depositors seem to reward sanctioned banks for a higher return. A positive effect is found following formal agreement announcements that seem to be perceived as a corrective mechanism. We validate these findings across the sanctioned (treatment) and comparable non-sanctioned (control) banks, using propensity score matching methodology. These findings have important policy implications and expand the existing knowledge on the consequences of banking supervision to guide banks’ behaviour, drive policy interventions and contribute to enhance supervisory effectiveness.
      PubDate: 2019-04-13
  • Introduction to the Special Issue
    • PubDate: 2019-03-30
  • Drivers of Productivity in the Spanish Banking Sector: Recent Evidence
    • Abstract: We analyse the drivers of total factor productivity of Spanish banks from early 2000, including the last financial crisis and the post-crisis period. This allows us to study changes in productivity following a major restructuring process in the banking sector such as the one experienced in Spain. Overall, we find that following a period of continued growth, productivity declined after the height of the crisis, though large banks were less affected. We also find that risk, capital levels, competition and input prices were important drivers of the differences in productivity change between banks. Finally, our results suggest that, by the end of our sample period, there was still some room for potential improvements in productivity via exploiting scale economies and enhancing cost efficiency. These opportunities appear to be generally greater for the smaller banks in our sample.
      PubDate: 2019-03-25
  • Publicly Traded Versus Privately Held Commercial Banks: Sensitivity to
           Growth Opportunities
    • Abstract: We test whether and to what extent listed U.S. commercial banks have been able to take advantage of their access to public capital markets to respond more efficiently to new growth opportunities. We examine over 100,000 quarterly observations of publicly traded and privately held U.S. commercial banking companies between 1984 and 2012. Identification is gained via instrumental variables estimation and by exploiting the natural exogeneity of growth opportunities in the commercial banking industry. We find that publicly traded banks are substantially more responsive to new growth opportunities than private banks, and that this superior investment responsiveness exists in both the organic and external (M&A) growth channels.
      PubDate: 2019-03-22
  • Debt Renegotiation and the Design of Financial Contracts
    • Abstract: This study examines the design of financial contracts after renegotiations. It focuses on the degree of renegotiation as measured by the number of amendments to the contract. I find that the design of renegotiated financial contracts is not homogenous, although the most frequent amendments are to the loan’s amount and maturity. I show that the number of amendments increases with longer maturities. Collateral and bank reputation have the opposite effect. Creditors friendly environments with fewer renegotiation frictions increase the number of amendments. Overall, contractual, organizational, and legal features have a significant influence on the design of financial contracts after renegotiation.
      PubDate: 2019-03-22
School of Mathematical and Computer Sciences
Heriot-Watt University
Edinburgh, EH14 4AS, UK
Tel: +00 44 (0)131 4513762
Fax: +00 44 (0)131 4513327
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