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dc.contributor.authorBiondi, Yuri*
dc.contributor.authorGraeff, Imke*
dc.date.accessioned2017-10-19T09:08:06Z
dc.date.available2017-10-19T09:08:06Z
dc.date.issued2017
dc.identifier.issn0155-9982
dc.identifier.urihttps://basepub.dauphine.fr/handle/123456789/16770
dc.language.isoenen
dc.subjectCapital requirements
dc.subjectBasel III
dc.subjectBank equity presentation
dc.subjectBank equity composition
dc.subjectShareholder equity movements
dc.subjectfinancial analysis
dc.subjectcapital adequacy
dc.subjectequity quality
dc.subjectcapital movements
dc.subjecttransactions with shareholders
dc.subject.ddc332en
dc.subject.classificationjelM.M4.M41en
dc.subject.classificationjelD.D8.D83en
dc.subject.classificationjelG.G3.G38en
dc.subject.classificationjelG.G3.G35en
dc.subject.classificationjelG.G3.G34en
dc.subject.classificationjelG.G2.G28en
dc.subject.classificationjelG.G2.G21en
dc.titleRethinking bank shareholder equity: The case of Deutsche Bank
dc.typeArticle accepté pour publication ou publié
dc.description.abstractenDo you believe that bank shareholder equity provides an indefinitely lasting source of funding which covers for (residual) risk and loss-absorption? Our innovative approach clarifies and disentangles actual shareholder contribution to bank equity. This case study applies it to Deutsche Bank, a European systemically important institution, from 2001 to 2015. Our analysis shows that bank shareholder equity lasted for less than three months in 2007 in the bank entity, while payout policies exhausted shareholder contribution to loss-absorbing capital in 2006-2008. Since 2005, shareholder contribution to Tier 1 Capital remained below 10%. According to our findings, the actual contribution by shareholders to bank equity capital was limited, while shareholder payout policies, including share buybacks and trading on its own shares, were material. These findings raise concerns on the actual capacity by shareholder equity to assure protection against (residual) risk and loss absorption. Customer and investor protections appear to lay with bank entity equity dynamics. These findings have implications for bank financial sustainability and resilience, company capital maintenance, and regulatory capital requirements. Further developments based upon this innovative methodology may improve on existing prudential and accounting regulations.
dc.relation.isversionofjnlnameAccounting Forum
dc.relation.isversionofjnlvol41
dc.relation.isversionofjnlissue4
dc.relation.isversionofjnldate2017
dc.relation.isversionofjnlpages318-335
dc.relation.isversionofdoi10.1016/j.accfor.2017.06.003
dc.identifier.urlsitehttps://ssrn.com/abstract=2920445
dc.subject.ddclabelEconomie financièreen
dc.relation.forthcomingnonen
dc.relation.forthcomingprintnonen
dc.description.ssrncandidatenon
dc.description.halcandidateoui
dc.description.readershiprecherche
dc.description.audienceInternational
dc.relation.Isversionofjnlpeerreviewedoui
dc.date.updated2018-09-18T13:55:28Z
hal.person.labIds*
hal.person.labIds*
hal.identifierhal-01619232*


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