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Article: Creditor rights, information sharing, and bank risk taking

TitleCreditor rights, information sharing, and bank risk taking
Authors
KeywordsCreditor rights
Information sharing
Bank risk taking
Financial crisis
Economic growth
Issue Date2010
Citation
Journal of Financial Economics, 2010, v. 96 n. 3, p. 485-512 How to Cite?
AbstractLooking at a sample of nearly 2,400 banks in 69 countries, we find that stronger creditor rights tend to promote greater bank risk taking. Consistent with this finding, we also show that stronger creditor rights increase the likelihood of financial crisis. On the plus side, we find that stronger creditor rights are associated with higher growth. In contrast, we find that the benefits of information sharing among creditors appear to be universally positive. Greater information sharing leads to higher bank profitability, lower bank risk, a reduced likelihood of financial crisis, and higher economic growth.
Persistent Identifierhttp://hdl.handle.net/10722/192333
ISSN
2015 Impact Factor: 3.541
2015 SCImago Journal Rankings: 9.920
ISI Accession Number ID

 

DC FieldValueLanguage
dc.contributor.authorHouston, JFen_US
dc.contributor.authorLin, Cen_US
dc.contributor.authorLin, Pen_US
dc.contributor.authorMa, Yen_US
dc.date.accessioned2013-10-24T01:49:59Z-
dc.date.available2013-10-24T01:49:59Z-
dc.date.issued2010en_US
dc.identifier.citationJournal of Financial Economics, 2010, v. 96 n. 3, p. 485-512en_US
dc.identifier.issn0304-405Xen_US
dc.identifier.urihttp://hdl.handle.net/10722/192333-
dc.description.abstractLooking at a sample of nearly 2,400 banks in 69 countries, we find that stronger creditor rights tend to promote greater bank risk taking. Consistent with this finding, we also show that stronger creditor rights increase the likelihood of financial crisis. On the plus side, we find that stronger creditor rights are associated with higher growth. In contrast, we find that the benefits of information sharing among creditors appear to be universally positive. Greater information sharing leads to higher bank profitability, lower bank risk, a reduced likelihood of financial crisis, and higher economic growth.-
dc.languageengen_US
dc.relation.ispartofJournal of Financial Economicsen_US
dc.subjectCreditor rights-
dc.subjectInformation sharing-
dc.subjectBank risk taking-
dc.subjectFinancial crisis-
dc.subjectEconomic growth-
dc.titleCreditor rights, information sharing, and bank risk takingen_US
dc.typeArticleen_US
dc.identifier.doi10.1016/j.jfineco.2010.02.008en_US
dc.identifier.scopuseid_2-s2.0-77952885461en_US
dc.identifier.volume96en_US
dc.identifier.issue3en_US
dc.identifier.spage485en_US
dc.identifier.epage512en_US
dc.identifier.isiWOS:000277338000008-

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