Nonlinear effect of subordinated debt changes on bank performance

被引：8
|
作者：
Ryu, Doojin [1 ]
Yu, Jinyoung [1 ]
机构：
[1] Sungkyunkwan Univ, Coll Econ, Seoul, South Korea
来源：
FINANCE RESEARCH LETTERS | 2021年 / 38卷
基金：
新加坡国家研究基金会;
关键词：
Bank performance; Debt issuances; Debt redemptions; Nonlinearity; Panel data regression; Subordinated debt;
D O I：
10.1016/j.frl.2020.101496
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We investigate whether changes in subordinated debt have a nonlinear effect on bank performance. Subordinated debt changes negatively affect bank performance, both linearly and quadratically. Increases in subordinated debt, namely, issuances, deteriorate (increase) bank profitability (insolvency risk), while the effects of the debt decreases, namely, redemptions, are insignificant.
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页数：6
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