Betting against bank profitability
There is an ongoing debate about the economic implications of excessive bank risk-taking and profitability. We examine this issue from the perspective of bank shareholders. Contrary to evidence for non-financial stocks, we find that operating profitability is negatively related to risk-adjusted bank...
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| Published in: | Journal of economic behavior & organization 2021-12, Vol.192, p.304-323 |
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| Main Authors: | , , , |
| Format: | Article |
| Language: | English |
| Subjects: | |
| Citations: | Items that this one cites Items that cite this one |
| Online Access: | Get full text |
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