https://scholars.lib.ntu.edu.tw/handle/123456789/414930
標題: | Bank liquidity creation and CEO optimism | 作者: | Huang, Shu Chun Chen, Wei Da YEH-NING CHEN |
關鍵字: | Bank liquidity creation | Banking crises | CEO optimism | 公開日期: | 1-十月-2018 | 出版社: | ACADEMIC PRESS INC ELSEVIER SCIENCE | 卷: | 36 | 起(迄)頁: | 101 | 來源出版物: | Journal of Financial Intermediation | 摘要: | © 2018 Elsevier Inc. Using U.S. banking data between 1993 and 2014, this paper investigates the relationship between CEO optimism and bank liquidity creation. It finds that banks with optimistic CEOs create more liquidity over the entire sample period. In addition, the positive effect of CEO optimism on liquidity creation became stronger during the subprime crisis of 2007‒2009, and this stronger effect was mainly driven by banks with high capital ratios and large banks. These results imply that CEO optimism is likely to encourage banks to create liquidity, especially during banking crises. The results presented in this paper hold when subjected to various robustness checks. |
URI: | https://scholars.lib.ntu.edu.tw/handle/123456789/414930 | ISSN: | 10429573 | DOI: | https://api.elsevier.com/content/abstract/scopus_id/85046657027 10.1016/j.jfi.2018.03.004 |
顯示於: | 財務金融學系 |
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