The spillover effect of enforcement actions on bank risk-taking
Caiazza, Stefano, Cotugno, Matteo, Fiordelisi, Franco and Stefanelli, Valeria (2018) The spillover effect of enforcement actions on bank risk-taking. Journal of Banking & Finance, 91 . pp. 146-159. ISSN 0378-4266 [Article] (doi:10.1016/j.jbankfin.2018.04.008)
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Abstract
Enforcement actions (sanctions) aim to penalize guilty companies and provide examples to other com- panies that bad behavior will be penalized. A handful of papers analyze the consequences of sanctions in banking for sanctioned companies, while no papers have investigated the spillover effects on non- sanctioned banks. Focusing on credit-related sanctions, we show the existence of a spillover effect: non- sanctioned banks behave similar to sanctioned banks, depending on their degree of similarity, offloading problematic loans and reducing their lending activity
| Item Type: | Article |
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| Research Areas: | A. > Business School > Accounting and Finance |
| Item ID: | 24860 |
| Notes on copyright: | © 2018. This author's accepted manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ |
| Useful Links: | |
| Depositing User: | Franco Fiordelisi |
| Date Deposited: | 30 Aug 2018 11:56 |
| Last Modified: | 29 Nov 2022 19:52 |
| URI: | https://eprints.mdx.ac.uk/id/eprint/24860 |
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