How does capital affect bank performance during financial crises?

被引：818

作者：

Berger, Allen N. ^{[1
,2
,3
]}

Bouwman, Christa H. S. ^{[2
,4
]}

机构：

[1] Univ S Carolina, Moore Sch Business, Columbia, SC 29208 USA

[2] Univ Penn, Wharton Financial Inst Ctr, Philadelphia, PA 19104 USA

[3] Tilburg Univ, Ctr Econ Res CentER, NL-5000 LE Tilburg, Netherlands

[4] Case Western Reserve Univ, Weatherhead Sch Management, Cleveland, OH 44106 USA

来源：

JOURNAL OF FINANCIAL ECONOMICS | 2013年 / 109卷 / 01期

关键词：

Financial crises; Survival; Market share; Profitability; Banking; DEPOSIT INSURANCE; MORAL HAZARD; MARKET POWER; RISK-TAKING; COMPETITION; REQUIREMENTS; FRAGILITY; IMPACT; INTERMEDIATION; CONSEQUENCES;

D O I：

10.1016/j.jfineco.2013.02.008

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper empirically examines how capital affects a bank's performance (survival and market share) and how this effect varies across banking crises, market crises, and normal times that occurred in the US over the past quarter century. We have two main results. First, capital helps small banks to increase their probability of survival and market share at all times (during banking crises, market crises, and normal times). Second, capital enhances the performance of medium and large banks primarily during banking crises. Additional tests explore channels through which capital generates these effects. Numerous robustness checks and additional tests are performed. (C) 2013 Elsevier B.V. All rights reserved.

引用

页码：146 / 176

页数：31

共 115 条

[1]

Acharya V., 2011, CAUGHT SCYLLA UNPUB

[2]

Acharya V.V., 2011, ARE BANKS PASS UNPUB

[3]

Admati Anat., 2011, FALLACIES IRRE UNPUB

[4] Growth versus margins: Destabilizing consequences of giving the stock market what it wants [J].