注册 投稿
经济金融网 中国经济学教育科研网 中国经济学年会 EFN通讯社

银行的地理扩张是否降低了风险?

文件大小:未知

级别评定:

添加时间:2015-10-14 08:17:42

最后更新:2015-10-14 08:22:07

下载积分:0分 (只有会员文件下载时才需要相应积分验证)

总浏览:

总下载:8

发布人:george15135

  • 如果您发现该资源不能下载,请在本站论坛提出,管理员会及时处理。
  • 未经本站明确许可,任何网站不得非法盗链及抄袭本站资源。
  • 本站资源均为网友提供交流,仅供教学、研究使用,请下载后24小时内自行删除。
    0
资源简介

"Does the Geographic Expansion of Banks Reduce Risk?"  Journal of Financial Economics, forthcoming

 

Abstract: We develop a new identification strategy to evaluate the impact of the geographic expansion of a bank holding company (BHC) across U.S. metropolitan statistical areas (MSAs) on BHC risk. For the average BHC, the instrumental variable results suggest that geographic expansion materially reduces risk. Geographic diversification does not affect loan quality. The results are consistent with arguments that geographic expansion lowers risk by reducing exposure to idiosyncratic local risks and inconsistent with arguments that expansion, on net, increases risk by reducing the ability of BHCs to monitor loans and manage risks.

Keywords: G21; G28; G11
JEL Codes: Banking; Bank Regulation; Financial Stability; Risk; Hedging
资源评论

快速入口
回到顶部
深圳网站建设