Bank liquidity creation and CEO optimism

被引：40

作者：

Huang Shu-Chun ^{[1
,2
]}

Chen Wei-Da ^{[1
]}

Chen Yehning ^{[1
]}

机构：

[1] Natl Taiwan Univ, Dept Finance, Coll Management, 1,Sec 4,Roosevelt Rd, Taipei 10617, Taiwan

[2] Cent Bank Republ China Taiwan, 2,Sec 1,Roosevelt Rd, Taipei 10066, Taiwan

来源：

JOURNAL OF FINANCIAL INTERMEDIATION | 2018年 / 36卷

关键词：

CEO optimism; Bank liquidity creation; Banking crises; MANAGERIAL TRAITS; DEPOSIT INSURANCE; FINANCIAL CRISIS; RISK-MANAGEMENT; OVERCONFIDENCE; GOVERNANCE; MARKETS; RUNS;

D O I：

10.1016/j.jfi.2018.03.004

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

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 sub prime 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.

引用

页码：101 / 117

页数：17

共 50 条

[1] Bank Liquidity Creation
Berger, Allen N.
Bouwman, Christa H. S.
[J]. REVIEW OF FINANCIAL STUDIES, 2009, 22 (09): : 3779 - 3837
[2] Bank Culture and Bank Liquidity Creation
Huynh, Luu Duc Toan
Nguyen, Loan Quynh Thi
[J]. CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2024,
[3] Bank liquidity creation and asset market liquidity
Chatterjee, Ujjal K.
[J]. JOURNAL OF FINANCIAL STABILITY, 2015, 18 : 139 - 153
[4] Bank Liquidity Creation in Russia
Fungacova, Zuzana
Weill, Laurent
[J]. EURASIAN GEOGRAPHY AND ECONOMICS, 2012, 53 (02) : 285 - 299
[5] Liquidity Creation and Bank Capital
Casu, Barbara
Di Pietro, Filippo
Trujillo-Ponce, Antonio
[J]. JOURNAL OF FINANCIAL SERVICES RESEARCH, 2019, 56 (03) : 307 - 340
[6] Liquidity Creation and Bank Capital
Barbara Casu
Filippo di Pietro
Antonio Trujillo-Ponce
[J]. Journal of Financial Services Research, 2019, 56 : 307 - 340
[7] Cyclicality of bank liquidity creation
Davydov, Denis
Fungacova, Zuzana
Weill, Laurent
[J]. JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY, 2018, 55 : 81 - 93
[8] Liquidity creation and bank profitability
Duan, Ying
Niu, Jijun
[J]. NORTH AMERICAN JOURNAL OF ECONOMICS AND FINANCE, 2020, 54
[9] Competition and Bank Liquidity Creation
Jiang, Liangliang
Levine, Ross
Lin, Chen
[J]. JOURNAL OF FINANCIAL AND QUANTITATIVE ANALYSIS, 2019, 54 (02) : 513 - 538
[10] Bank size and liquidity creation
Niu, Jijun
[J]. APPLIED ECONOMICS LETTERS, 2023, 30 (02) : 157 - 161

← 1 2 3 4 5 →