期刊
JOURNAL OF BANKING & FINANCE
卷 59, 期 -, 页码 520-537出版社
ELSEVIER SCIENCE BV
DOI: 10.1016/j.jbankfin.2015.06.018
关键词
Financial crises; Bank risk; Bank size; Bank leverage; Corporate governance
We investigate the link between firm size and risk-taking among financial institutions during the period of 2002 to 2012 and find size is positively correlated with risk-taking measures. Second, a decomposition of the primary risk measure, the Z-score, reveals that financial firms engage in excessive risk-taking mainly through increased leverage. Third, banks that enjoy better corporate governance engage in less risk-taking. Fourth, investment banks engage in more risk-taking compared to commercial banks. Finally, the positive relation between bank size and risk is present in the pre-crisis period (2002-2006) and the crisis period (2007-2009), but not in the post-crisis period (2010-2012). (C) 2015 Published by Elsevier B.V.
作者
我是这篇论文的作者
点击您的名字以认领此论文并将其添加到您的个人资料中。
推荐
暂无数据