Capital: Pre- and post-crisis performance and risk-taking of banks
學年 111
學期 2
出版(發表)日期 2023-03-31
作品名稱 Capital: Pre- and post-crisis performance and risk-taking of banks
作品名稱(其他語言) 資本:危機前後銀行的績效表現和風險承擔
著者 Meng-Wen Wu; Chung-Hua Shen; Kuo-Jui Huang
單位
出版者
著錄名稱、卷期、頁數 Journal of Financial Studies 31(1), p.77-128
摘要 We use the combination of the capital adequacy ratio and the leverage ratio to classify banks into weak-capital banks and strong-capital banks, and then examine how bank capital affects banks' performance before and during the crisis periods. Using 3,884 banks in 34 OECD countries, we find that during the crisis, weak-capital banks suffer more losses in terms of low ROE, ROA, non-interest income, and stock returns, and have greater insolvency risks and higher ROA volatility, but have higher profits and still exhibit greater risk before the crisis. We argue that capital conditions may imply risk-taking, thereby causing very diverse results.
關鍵字 Capital adequacy ratio;Leverage ratio;Financial crisis
語言 en
ISSN 1022-2898
期刊性質 國內
收錄於 TSSCI EconLit Airiti Library Taiwan
產學合作
通訊作者 Kuo-Jui Huang
審稿制度
國別 TWN
公開徵稿
出版型式 ,電子版,紙本