Pelster, M, Irresberger, F orcid.org/0000-0002-7181-9190 and Weiß, GNF (2018) Bank stock performance and bank regulation around the globe. European Journal of Finance, 24 (2). pp. 77-113. ISSN 1351-847X
Abstract
We analyze the effect of bank capital, regulation, and supervision on the annual stock performance of global banks during the period of 1999–2012. We study a large comprehensive panel of international banks and find that higher Tier 1 capital decreases a bank's stock performance over the whole sample period. However, during turbulent times stocks of more highly capitalized banks perform significantly better. Additionally, we find strong evidence that banks that are more likely to receive government bailout during financial distress realize smaller stock performance. In contrast, we find no convincing evidence that banks that generate higher non-interest income have a higher performance.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2016 Informa UK Limited, trading as Taylor & Francis Group. This is an Accepted Manuscript of an article published by Taylor & Francis in European Journal of Finance on 14 Sep 2016, available online: http://www.tandfonline.com/10.1080/1351847X.2016.1226189. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | bank stock performance, bank regulation, capital, implicit bailout guarantee |
Dates: |
|
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: | 04 Sep 2017 10:50 |
Last Modified: | 30 Nov 2018 12:16 |
Status: | Published |
Publisher: | Taylor & Francis (Routledge) |
Identification Number: | 10.1080/1351847X.2016.1226189 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:120781 |