| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20758 |
| 来源ID | Working Paper 20758 |
| Does the Geographic Expansion of Bank Assets Reduce Risk? | |
| Martin Goetz; Luc Laeven; Ross Levine | |
| 发表日期 | 2014-12-22 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | We develop a new identification strategy to evaluate the impact of the geographic expansion of bank holding company (BHC) assets across U.S. metropolitan statistical areas (MSAs) on BHC risk. We find that the geographic expansion of bank assets reduces risk. Moreover, geographic expansion reduces risk more when BHCs expand into economically dissimilar MSAs, i.e., MSAs with different industrial structures and business cycles. We do not find that geographic diversification improves loan quality. Our results are consistent with arguments that geographic expansion lowers risk by reducing exposure to idiosyncratic local risks and inconsistent with arguments that geographic expansion, on net, increases risk by reducing the ability of BHCs to monitor loans and manage risks. |
| 主题 | Financial Economics ; Portfolio Selection and Asset Pricing ; Financial Institutions |
| URL | https://www.nber.org/papers/w20758 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/578433 |
| 推荐引用方式 GB/T 7714 | Martin Goetz,Luc Laeven,Ross Levine. Does the Geographic Expansion of Bank Assets Reduce Risk?. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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