Determinants of non-performing loans: What do we know? A systematic review and avenues for future research

被引：0
作者：
Manz F. [1 ]
机构：
[1] Chair of Corporate Finance, Darmstadt University of Technology, Hochschulstrasse 1, Darmstadt
来源：
Management Review Quarterly | 2019年 / 69卷 / 4期
关键词：
Bad loans; Determinants; Literature review; Non-performing loans; Research history; Research topics;
D O I：
10.1007/s11301-019-00156-7
中图分类号：
学科分类号：
摘要：
This paper presents a systematic literature review of 44 studies on determinants of non-performing loans (NPL) published for the period 1987 to 2017 in 30 peer-reviewed journals. The motivation for this analysis is twofold. First, the NPL-issue is attributed high relevance by policy makers such as the European Central Bank and is currently addressed with a variety of measures. Any policy response requires deep understanding of the underlying determinants. Second, availability of data in the NPL-sector expanded, allowing scholars for more sophisticated research. Presenting novel interpretation, I synthesize the literature according to three broad, yet overlapping themes: macroeconomic events, bank- and loan-specific factors. Using an open coding process, the literature is diligently analyzed in 13 subcategories. The results reveal that the interaction of loan and asset specific events with macroeconomic and bank-specific factors still lacks a deep understanding and deserves for additional empirical research. © 2019, Springer Nature Switzerland AG.
引用
收藏
页码：351 / 389
页数：38
相关论文
共 102 条
  • [81] Salas V., Saurina J., Credit risk in two institutional regimes: Spanish commercial and savings banks, J Financ Serv Res, 22, pp. 203-224, (2002)
  • [82] Scharpf H., Risiken des Handels mit notleidenden Krediten, NJW, 48, pp. 3476-3480, (2009)
  • [83] Shaffer S., The winner’s curse in banking, J Financ Intermed, 7, pp. 359-392, (1998)
  • [84] Shepherd D.A., Suddaby R., Theory building: a review and integration, J Manag, 43, pp. 59-86, (2017)
  • [85] Shih V., Dealing with non-performing loans: political constraints and financial policies in China, China Q, 180, pp. 922-944, (2004)
  • [86] Shook C.L., Ketchen D.J., Cycyota C.S., Crockett D., Data analytic trends and training in strategic management, Strateg Manag J, 24, pp. 1231-1237, (2003)
  • [87] Sinkey J.F., Greenawalt M.B., Loan-loss experience and risk-taking behavior at large commercial banks, J Financ Serv Res, 5, pp. 43-59, (1991)
  • [88] Stone-Romero E.F., Weaver A.E., Glenar J.L., Trends in research design and data analytic strategies in organizational research, J Manag, 21, pp. 141-157, (2016)
  • [89] Strauss A., Corbin J.M., Basics of qualitative research: grounded theory procedures and techniques, (1990)
  • [90] Tabor W., Chrisman J.J., Madison K., Vardaman J.M., Nonfamily members in family firms: a review and future research agenda, Fam Bus Rev, 31, pp. 54-79, (2018)
234567891011