| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23291 |
| 来源ID | Working Paper 23291 |
| The Cross Section of Bank Value | |
| Mark Egan; Stefan Lewellen; Adi Sunderam | |
| 发表日期 | 2017-04-03 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We study the determinants of value creation in U.S. commercial banks. We develop novel measures of individual banks’ productivities at collecting deposits and making loans, which we relate to bank market values. We find that deposit productivity is responsible for two-thirds of the value of the median bank and most variation in value across banks. Variation in productivity is driven by differences across banks in technology, customer demographics, and market power. We also find evidence of synergies between deposit-taking and lending. Our findings suggest that there is significant heterogeneity in banks’ abilities to capture value by manufacturing safe assets. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w23291 |
| 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/580965 |
| 推荐引用方式 GB/T 7714 | Mark Egan,Stefan Lewellen,Adi Sunderam. The Cross Section of Bank Value. 2017. |
| 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 | ||
| w23291.pdf（707KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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