Caiazza, Stefano and Cotugno, Matteo and Fiordelisi, Franco and Stefanelli, Valeria (2018) The spillover effect of enforcement actions on bank risk-taking. Journal of Banking and Finance, 91 (C). pp. 146-159. DOI https://doi.org/10.1016/j.jbankfin.2018.04.008
Caiazza, Stefano and Cotugno, Matteo and Fiordelisi, Franco and Stefanelli, Valeria (2018) The spillover effect of enforcement actions on bank risk-taking. Journal of Banking and Finance, 91 (C). pp. 146-159. DOI https://doi.org/10.1016/j.jbankfin.2018.04.008
Caiazza, Stefano and Cotugno, Matteo and Fiordelisi, Franco and Stefanelli, Valeria (2018) The spillover effect of enforcement actions on bank risk-taking. Journal of Banking and Finance, 91 (C). pp. 146-159. DOI https://doi.org/10.1016/j.jbankfin.2018.04.008
Abstract
Enforcement actions (sanctions) aim to penalize guilty companies and provide examples to other companies that bad behavior will be penalized. A handful of papers analyze the consequences of sanctions in banking for sanctioned companies, while no papers have investigated the spillover effects on non-sanctioned banks. Focusing on credit-related sanctions, we show the existence of a spillover effect: non-sanctioned banks behave similar to sanctioned banks, depending on their degree of similarity, offloading problematic loans and reducing their lending activity.
Item Type: | Article |
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Uncontrolled Keywords: | Enforcement action; Banking; Credit; Spillover effect |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Essex Business School |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 22 Nov 2019 09:57 |
Last Modified: | 16 May 2024 19:51 |
URI: | http://repository.essex.ac.uk/id/eprint/25995 |
Available files
Filename: JBF_paper_all_2018_02_18.output.pdf