The effect of individualism on bank risk and bank Performance: An international study

被引：2
|
作者：
Jin, Yi [1 ]
Gao, Xin [2 ]
Li, Donghui [3 ]
机构：
[1] Tianjin Univ Finance & Econ, Sch Finance, 25 Zhujiang Rd, Tianjin 300222, Peoples R China
[2] Zhejiang Univ, Sch Management, Hangzhou, Zhejiang, Peoples R China
[3] Shenzhen Univ, Coll Econ, 3688 Nanhai Blvd, Shenzhen 518060, Peoples R China
来源：
JOURNAL OF INTERNATIONAL FINANCIAL MARKETS INSTITUTIONS & MONEY | 2022年 / 80卷
基金：
中国国家自然科学基金;
关键词：
Individualism; Bank risk; Bank performance; Corporate governance; NATIONAL CULTURE; CORPORATE GOVERNANCE; STOCK; DETERMINANTS; PROFITABILITY; INSTITUTIONS; FAILURES; QUALITY; CRISIS; TIME;
D O I：
10.1016/j.intfin.2022.101634
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
Employing an international sample of banks spanning 2009 to 2018, this paper investigates the effect of individualism on bank risk. We find that individualism is negatively associated with bank risk. We then find that managers' (individual) risk preference as internal corporate governance and bank regulation as external corporate governance exhibit a mediation effect in explaining the relationship between individualism and bank risk. We further test the effect of individualism on bank performance, including bank efficiency and profitability. Our baseline results remain valid after carefully considering various robustness tests and endogeneity concerns.
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收藏
页数：25
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