کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5088439 1375559 2015 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Banks' size, scope and systemic risk: What role for conflicts of interest?
ترجمه فارسی عنوان
اندازه، دامنه و ریسک سیستمیک بانک ها: نقش موثر در درگیری های منافع چیست؟
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی

We show that the effect of non-interest income on systemic risk exposures varies with bank size and a country's institutional setting. Non-interest income reduces large banks' systemic risk exposures, whereas it increases that of small banks. However, exploiting heterogeneity in countries' institutional setting, we show that the bright side of innovation by large banks (lower systemic risk exposure for diversified banks) disappears in countries with more private and asymmetric information, more corruption and in concentrated banking markets. These empirical findings provide support for Saunders and Cornett (2014) who hypothesize which institutional features make the materialization of conflicts of interest more likely.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 61, Supplement 1, December 2015, Pages S3-S13
نویسندگان
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