The spillover effect of enforcement actions on bank risk-taking

Article

Caiazza, S., Cotugno, M., Fiordelisi, F. and Stefanelli, V. 2018. The spillover effect of enforcement actions on bank risk-taking. Journal of Banking and Finance. 91, pp. 146-159. https://doi.org/10.1016/j.jbankfin.2018.04.008
TypeArticle
TitleThe spillover effect of enforcement actions on bank risk-taking
AuthorsCaiazza, S., Cotugno, M., Fiordelisi, F. and Stefanelli, V.
Abstract

Enforcement actions (sanctions) aim to penalize guilty companies and provide examples to other com- panies 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

PublisherElsevier
JournalJournal of Banking and Finance
ISSN0378-4266
Publication dates
Online13 Apr 2018
Print01 Jun 2018
Publication process dates
Deposited30 Aug 2018
Accepted11 Apr 2018
Output statusPublished
Accepted author manuscript
License
Copyright Statement

© 2018. This author's accepted manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/

Digital Object Identifier (DOI)https://doi.org/10.1016/j.jbankfin.2018.04.008
LanguageEnglish
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License: CC BY-NC-ND 4.0

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