Berger, AN, Irresberger, F orcid.org/0000-0002-7181-9190 and Roman, RA (2020) Bank Size and Household Financial Sentiment: Surprising Evidence from University of Michigan Surveys of Consumers. Journal of Money, Credit and Banking, 52 (S1). pp. 149-191. ISSN 0022-2879
Abstract
e analyze comparative advantages/disadvantages of small and large banks in improving household financial sentiment. Matching University of Michigan Surveys of Consumers household sentiment data with local banking market data from 2000 to 2014, we find surprising results—large banks have significant comparative advantages in boosting such sentiment. The findings apply across demographic groups, market types, and time periods, and are robust to different measurements and econometric methods. We contribute to the literatures on bank specialness, benefits and costs of small and large banks, household sentiment, and real effects of banking. We conjecture about the drivers of the findings, and discuss policy implications.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2020 The Ohio State University. This is the peer reviewed version of the following article: BERGER, A.N., IRRESBERGER, F. and ROMAN, R.A. (2020), Bank Size and Household Financial Sentiment: Surprising Evidence from University of Michigan Surveys of Consumers. Journal of Money, Credit and Banking, 52: 149-191, which has been published in final form at https://doi.org/10.1111/jmcb.12738. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions. This article may not be enhanced, enriched or otherwise transformed into a derivative work, without express permission from Wiley or by statutory rights under applicable legislation. Copyright notices must not be removed, obscured or modified. The article must be linked to Wiley’s version of record on Wiley Online Library and any embedding, framing or otherwise making available the article or pages thereof by third parties from platforms, services and websites other than Wiley Online Library must be prohibited. |
Keywords: | banking market structure, financial sentiment, households, large banks small banks |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Accounting & Finance Division (LUBS) (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 23 Aug 2019 10:00 |
Last Modified: | 04 Mar 2024 15:54 |
Status: | Published |
Publisher: | Wiley |
Identification Number: | 10.1111/jmcb.12738 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:150047 |