کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
11020467 1716303 2018 61 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bank liquidity creation and CEO optimism
ترجمه فارسی عنوان
ایجاد نقدشوندگی بانک و خوش بینی مدیرعامل
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری استراتژی و مدیریت استراتژیک
چکیده انگلیسی
Using U.S. banking data between 1993 and 2014, this paper investigates the relationship between CEO optimism and bank liquidity creation. It finds that banks with optimistic CEOs create more liquidity over the entire sample period. In addition, the positive effect of CEO optimism on liquidity creation became stronger during the subprime crisis of 2007‒2009, and this stronger effect was mainly driven by banks with high capital ratios and large banks. These results imply that CEO optimism is likely to encourage banks to create liquidity, especially during banking crises. The results presented in this paper hold when subjected to various robustness checks.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Intermediation - Volume 36, October 2018, Pages 101-117
نویسندگان
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