The effect of institutional investors’ nationality on bank risk-taking
Date Issued
2015
Date
2015
Author(s)
Chen, Yu-Xuan
Abstract
This study investigates the effect of the national culture of bank’s institutional investors on bank risk-taking. The observations consist of the largest 409 banks over the world in 2012 and I collect the data of these banks in the period of 2005-2012. The empirical results indicate that banks whose institutional shareholders are mainly from countries with high uncertainty avoidance tend to be less risky. In addition, banks whose largest institutional shareholder comes from countries with high individualism tend to be more risky.
Subjects
bank
institutional investor
uncertainty avoidance
individualism
risk-taking
Type
thesis
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ntu-104-R02723059-1.pdf
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