| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP10992 |
| DP10992 Nonconsolidated subsidiaries, bank capitalization and risk taking | |
| Harry Huizinga; Luc Laeven; Di Gong | |
| 发表日期 | 2015-12-20 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | Bank holding companies may be effectively undercapitalized as a result of incomplete consolidation of minority ownership. Using two approaches -- consolidating the minority-owned subsidiaries into the parent or deducting equity investments in minority ownership from the parent?s capital -- we find that the effective capital ratios of US bank holding companies are substantially lower than the reported ratios. Empirical evidence suggests that the undercapitalization is associated with higher risk taking at the bank holding company level. These findings indicate that incomplete consolidation of minority-owned financial institutions constitutes a loophole in capital regulation. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Bank leverage Capital regulation Organizational structure Risk taking Undercapitalization |
| URL | https://cepr.org/publications/dp10992 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/539821 |
| 推荐引用方式 GB/T 7714 | Harry Huizinga,Luc Laeven,Di Gong. DP10992 Nonconsolidated subsidiaries, bank capitalization and risk taking. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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