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.
Caiazza, S., Cotugno, M., Fiordelisi, F., & Stefanelli, V. (2018). The spillover effect of enforcement actions on bank risk-taking. JOURNAL OF BANKING & FINANCE, 91, 146-159 [10.1016/j.jbankfin.2018.04.008].
Titolo: | The spillover effect of enforcement actions on bank risk-taking | |
Autori: | ||
Data di pubblicazione: | 2018 | |
Rivista: | ||
Citazione: | Caiazza, S., Cotugno, M., Fiordelisi, F., & Stefanelli, V. (2018). The spillover effect of enforcement actions on bank risk-taking. JOURNAL OF BANKING & FINANCE, 91, 146-159 [10.1016/j.jbankfin.2018.04.008]. | |
Handle: | http://hdl.handle.net/11590/337958 | |
Appare nelle tipologie: | 1.1 Articolo in rivista |