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
收藏
页码：101 / 117
页数：17
相关论文
共 50 条
  • [41] Corporate social responsibility and bank liquidity creation
    Zheng, Chen
    Cheung, Adrian
    Zhang, Junru
    Haider, Imran
    [J]. JOURNAL OF FINANCIAL RESEARCH, 2023, 46 (02) : 343 - 382
  • [42] Liquidity Creation, Bank Competition and Revenue Diversification
    Tran, Vuong Thao
    Nguyen, Hoa
    [J]. QUARTERLY JOURNAL OF FINANCE, 2023,
  • [43] Climate policy uncertainty and bank liquidity creation
    Xu, Xiaoming
    Ren, Xingzi
    He, Feng
    [J]. FINANCE RESEARCH LETTERS, 2024, 65
  • [44] How bank competition influences liquidity creation
    Horvath, Roman
    Seidler, Jakub
    Weill, Laurent
    [J]. ECONOMIC MODELLING, 2016, 52 : 155 - 161
  • [45] Liquidity creation, regulatory capital, and bank profitability
    Vuong Thao Tran
    Lin, Chien-Ting
    Hoa Nguyen
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2016, 48 : 98 - 109
  • [46] Monetary Policy and Bank Liquidity Creation: Does Bank Size Matter?
    Hanh Song Thi Pham
    Thanh Le
    Loan Quynh Thi Nguyen
    [J]. INTERNATIONAL ECONOMIC JOURNAL, 2021, 35 (02) : 205 - 222
  • [47] Basel III liquidity regulatory framework and bank liquidity creation in MENA countries
    Mdaghri, Anas Alaoui
    Oubdi, Lahsen
    [J]. JOURNAL OF FINANCIAL REGULATION AND COMPLIANCE, 2022, 30 (02) : 129 - 148
  • [48] New evidence on liquidity creation and bank capital: The roles of liquidity and political risk
    Hsieh, Meng-Fen
    Lee, Chien-Chiang
    Lin, Yi-Ching
    [J]. ECONOMIC ANALYSIS AND POLICY, 2022, 73 : 778 - 794
  • [49] CCloud bank liquidity risk prediction and identification, liquidity creation, and resource fragility
    Uddin, Mohammad Nashir
    Li, Tong
    Li, Hao
    [J]. 2017 INTERNATIONAL CONFERENCE ON GREEN INFORMATICS (ICGI), 2017, : 105 - 110
  • [50] Climate risk and bank liquidity creation: International evidence
    Lee, Chien-Chiang
    Wang, Chih-Wei
    Bui Tien Thinh
    Xu, Zhi-Ting
    [J]. INTERNATIONAL REVIEW OF FINANCIAL ANALYSIS, 2022, 82
12345