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Macroprudential policies, corporate governance and bank risk: cross-country evidence

Research output: Contribution to journalArticlepeer-review

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Macroprudential policies, corporate governance and bank risk: cross-country evidence. / Gaganis, Chrysovalantis; Lozano-Vivas, Ana; Papadimitri, Panagiota; Pasiouras, Fotios.

In: Journal of Economic Behavior & Organization, Vol. 169, 0, 01.01.2020, p. 126-142.

Research output: Contribution to journalArticlepeer-review

Harvard

Gaganis, C, Lozano-Vivas, A, Papadimitri, P & Pasiouras, F 2020, 'Macroprudential policies, corporate governance and bank risk: cross-country evidence', Journal of Economic Behavior & Organization, vol. 169, 0, pp. 126-142. https://doi.org/10.1016/j.jebo.2019.11.004

APA

Gaganis, C., Lozano-Vivas, A., Papadimitri, P., & Pasiouras, F. (2020). Macroprudential policies, corporate governance and bank risk: cross-country evidence. Journal of Economic Behavior & Organization, 169, 126-142. [0]. https://doi.org/10.1016/j.jebo.2019.11.004

Vancouver

Gaganis C, Lozano-Vivas A, Papadimitri P, Pasiouras F. Macroprudential policies, corporate governance and bank risk: cross-country evidence. Journal of Economic Behavior & Organization. 2020 Jan 1;169:126-142. 0. https://doi.org/10.1016/j.jebo.2019.11.004

Author

Gaganis, Chrysovalantis ; Lozano-Vivas, Ana ; Papadimitri, Panagiota ; Pasiouras, Fotios. / Macroprudential policies, corporate governance and bank risk: cross-country evidence. In: Journal of Economic Behavior & Organization. 2020 ; Vol. 169. pp. 126-142.

Bibtex

@article{06b428a5f548458eafe0020ee6bc9c09,
title = "Macroprudential policies, corporate governance and bank risk: cross-country evidence",
abstract = "The present study uses a sample of up to 356 banks from 50 countries over the period 2002–2017 to examine whether and how macroprudential policies and corporate governance interact in shaping bank risk. Our results show that the impact of bank corporate governance on risk-taking depends critically on the macroprudential policies in force. In more detail, bank corporate governance has a negative or insignificant impact on bank stability when none or only a few macroprudential policies are in place; however, the impact becomes positive and statistically significant as the number of macroprudential policies increases. These findings seem to be attributed to financial institutions targeted macroprudential instruments rather than borrowing targeted ones. The results are robust to the use of various indicators of risk and numerous additional tests.",
keywords = "Banks, Governance, Macroprudential, Regulations, Risk, embargoover12",
author = "Chrysovalantis Gaganis and Ana Lozano-Vivas and Panagiota Papadimitri and Fotios Pasiouras",
year = "2020",
month = jan,
day = "1",
doi = "10.1016/j.jebo.2019.11.004",
language = "English",
volume = "169",
pages = "126--142",
journal = "Journal of Economic Behavior & Organization",
issn = "0167-2681",
publisher = "Elsevier",

}

RIS

TY - JOUR

T1 - Macroprudential policies, corporate governance and bank risk: cross-country evidence

AU - Gaganis, Chrysovalantis

AU - Lozano-Vivas, Ana

AU - Papadimitri, Panagiota

AU - Pasiouras, Fotios

PY - 2020/1/1

Y1 - 2020/1/1

N2 - The present study uses a sample of up to 356 banks from 50 countries over the period 2002–2017 to examine whether and how macroprudential policies and corporate governance interact in shaping bank risk. Our results show that the impact of bank corporate governance on risk-taking depends critically on the macroprudential policies in force. In more detail, bank corporate governance has a negative or insignificant impact on bank stability when none or only a few macroprudential policies are in place; however, the impact becomes positive and statistically significant as the number of macroprudential policies increases. These findings seem to be attributed to financial institutions targeted macroprudential instruments rather than borrowing targeted ones. The results are robust to the use of various indicators of risk and numerous additional tests.

AB - The present study uses a sample of up to 356 banks from 50 countries over the period 2002–2017 to examine whether and how macroprudential policies and corporate governance interact in shaping bank risk. Our results show that the impact of bank corporate governance on risk-taking depends critically on the macroprudential policies in force. In more detail, bank corporate governance has a negative or insignificant impact on bank stability when none or only a few macroprudential policies are in place; however, the impact becomes positive and statistically significant as the number of macroprudential policies increases. These findings seem to be attributed to financial institutions targeted macroprudential instruments rather than borrowing targeted ones. The results are robust to the use of various indicators of risk and numerous additional tests.

KW - Banks

KW - Governance

KW - Macroprudential

KW - Regulations

KW - Risk

KW - embargoover12

UR - https://linkinghub.elsevier.com/retrieve/pii/S0167268119303476

U2 - 10.1016/j.jebo.2019.11.004

DO - 10.1016/j.jebo.2019.11.004

M3 - Article

VL - 169

SP - 126

EP - 142

JO - Journal of Economic Behavior & Organization

JF - Journal of Economic Behavior & Organization

SN - 0167-2681

M1 - 0

ER -

ID: 16340360