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The Effects of Cultural Values on Bank Failures铁路英语
inventory是什么意思
around the World
waste是什么意思>catch是什么意思音乐用英语怎么说期刊名称： Journal of Financial and Quantitative Analysis
作者： Allen N. Berger,Xinming Li,Charles S. Morris,Raluca A. Roman
oecd年份： 2020年
洛丽塔什么意思摘要：We conduct the first broad-bad international study on bank-level failures covering 92 countries over 2000–2014, investigating national cultural variables as failure determinants. We find individualism and masculinity are positively associated with bank failure, but they operate through different channels. Managers in individualist countries assume more portfolio risk, while governments in masculine countries allow banks to operate with less liquidity and less often bail out troubled institutions. Findings are robust to accounting for endogeneity, different techniques and measures, and additional controls. Results have implications for prudential policies, including regulation, supervision, and bailout strategies, that may partially mitigate some negative effects of culture.
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