| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22169 |
| 来源ID | Working Paper 22169 |
| Organizational Complexity and Balance Sheet Management in Global Banks | |
| Nicola Cetorelli; Linda S. Goldberg | |
| 发表日期 | 2016-04-18 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Banks have progressively evolved from being standalone institutions to being subsidiaries of increasingly complex financial conglomerates. We conjecture and provide evidence that the organizational complexity of the family of a bank is a fundamental driver of the business model of the bank itself, as reflected in the management of the bank’s own balance sheet. Using micro-data on global banks with branch operations in the United States, we show that branches of conglomerates in more complex families have a markedly lower lending sensitivity to funding shocks. The balance sheet management strategies of banks are very much determined by the structure of the organizations the banks belong to. The complexity of the conglomerate can change the scale of the lending channel for a large global bank by more than 30 percent. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Markets ; Financial Institutions |
| URL | https://www.nber.org/papers/w22169 |
| 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/579843 |
| 推荐引用方式 GB/T 7714 | Nicola Cetorelli,Linda S. Goldberg. Organizational Complexity and Balance Sheet Management in Global Banks. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22169.pdf（499KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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