DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Jinyong | ko |
dc.contributor.author | Kim, Yong-Cheol | ko |
dc.date.accessioned | 2014-09-01T07:58:47Z | - |
dc.date.available | 2014-09-01T07:58:47Z | - |
dc.date.created | 2014-07-02 | - |
dc.date.created | 2014-07-02 | - |
dc.date.issued | 2013 | - |
dc.identifier.citation | International Finance Review, v.14, no.0, pp.115 - 140 | - |
dc.identifier.issn | 1569-3767 | - |
dc.identifier.uri | http://hdl.handle.net/10203/189384 | - |
dc.description.abstract | U.S. bank holding companies (BHCs) have experienced dynamic changes over a period of 2000-2010. We find that the size distribution of sample banks becomes highly positively skewed with a small number of big banks becoming super-sized, and these big banks tend to take extra risk by holding derivative positions for trading purposes. The ten largest risk-taking banks hold about 70% of total assets of all the sample banks in 2010. We investigate whether the risk-taking activities of the BHCs translate into higher risk-adjusted return performance. In extensive panel regression analyses, we find that the risk-taking strategies of large banks by holding derivative positions for trading purpose do not show the clear evidence of enhancing risk-adjusted performance. We find that negative impacts of extra risk-taking on the risk-adjusted performance become bigger with the size of banks. © 2013 by Emerald Group Publishing Limited. | - |
dc.language | English | - |
dc.publisher | JAI Press | - |
dc.title | Super-size banks: Is risk-taking rewarding? | - |
dc.type | Article | - |
dc.identifier.scopusid | 2-s2.0-84887971306 | - |
dc.type.rims | ART | - |
dc.citation.volume | 14 | - |
dc.citation.issue | 0 | - |
dc.citation.beginningpage | 115 | - |
dc.citation.endingpage | 140 | - |
dc.citation.publicationname | International Finance Review | - |
dc.contributor.localauthor | Kim, Jinyong | - |
dc.contributor.nonIdAuthor | Kim, Yong-Cheol | - |
dc.subject.keywordAuthor | Bank holding companies | - |
dc.subject.keywordAuthor | Derivatives | - |
dc.subject.keywordAuthor | Efficiency | - |
dc.subject.keywordAuthor | Risk-taking | - |
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