<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "Peer-Group Detection of Banks and Resilience to Distress"^^ . "The paper looks at the importance of the true business model in shaping the risk profile of\r\nfinancial institutions. We adopt a novel indirect clustering approach to enrich the classic bank\r\nbusiness model classification on a global data set including about 11,000 banks, both listed and\r\nnon-listed representing more than 180 countries over the period 2005-2014. A comprehensive\r\nlist of global distress events, which combines bankruptcies, liquidations, defaults, distressed\r\nmergers, and public bailouts, is regressed against financial statement ratios (i.e. proxies for\r\nCAMELS) and controlling for macro and sectoral effects using a rare-event logit model. Our\r\nfindings suggest that individual characteristics along with macro and sectoral factors contribute\r\ndifferently, sometimes with opposite sign, to the likelihood of distress and to the volatility\r\nof business models with the exception of liquidity whose contribution appears exogenous to\r\nbusiness model choice. By capturing the switching behaviour across groups, we find that\r\nbusiness model volatility exacerbates vulnerability and distress, especially if moving from\r\nwholesale-oriented to deposit oriented groups."^^ . "2016-12" . . "6" . . "IMT School for Advanced Studies Lucca"^^ . . . . . . . . . . . . . "Andrea"^^ . "Flori"^^ . "Andrea Flori"^^ . . "Simone"^^ . "Giansante"^^ . "Simone Giansante"^^ . . "Fabio"^^ . "Pammolli"^^ . "Fabio Pammolli"^^ . . . . . . "Peer-Group Detection of Banks and Resilience to Distress (PDF)"^^ . . . . . . "EIC_WP_6_2016.pdf"^^ . . . "Peer-Group Detection of Banks and Resilience to Distress (Other)"^^ . . . . . . "lightbox.jpg"^^ . . . "Peer-Group Detection of Banks and Resilience to Distress (Other)"^^ . . . . . . "preview.jpg"^^ . . . "Peer-Group Detection of Banks and Resilience to Distress (Other)"^^ . . . . . . "medium.jpg"^^ . . . "Peer-Group Detection of Banks and Resilience to Distress (Other)"^^ . . . . . . "small.jpg"^^ . . "HTML Summary of #3608 \n\nPeer-Group Detection of Banks and Resilience to Distress\n\n" . "text/html" . . . "HB Economic Theory"@en . . . "HG Finance"@en . .