• español
  • English
  • français
  • Deutsch
  • português (Brasil)
  • italiano
    • español
    • English
    • français
    • Deutsch
    • português (Brasil)
    • italiano
    • español
    • English
    • français
    • Deutsch
    • português (Brasil)
    • italiano
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    Ricerca

    Tutto UVaDOCArchiviData di pubblicazioneAutoriSoggettiTitoli

    My Account

    Login

    Estadísticas

    Ver Estadísticas de uso

    Compartir

    Mostra Item 
    •   UVaDOC Home
    • PRODUZIONE SCIENTIFICA
    • Departamentos
    • Dpto. Economía Financiera y Contabilidad
    • DEP21 - Artículos de revista
    • Mostra Item
    •   UVaDOC Home
    • PRODUZIONE SCIENTIFICA
    • Departamentos
    • Dpto. Economía Financiera y Contabilidad
    • DEP21 - Artículos de revista
    • Mostra Item
    • español
    • English
    • français
    • Deutsch
    • português (Brasil)
    • italiano

    Exportar

    RISMendeleyRefworksZotero
    • edm
    • marc
    • xoai
    • qdc
    • ore
    • ese
    • dim
    • uketd_dc
    • oai_dc
    • etdms
    • rdf
    • mods
    • mets
    • didl
    • premis

    Citas

    Por favor, use este identificador para citar o enlazar este ítem:https://uvadoc.uva.es/handle/10324/51668

    Título
    Is bank diversification a linking channel between regulatory capital and bank value?
    Autor
    Velasco González, María Del PilarAutoridad UVA Orcid
    Año del Documento
    2021
    Editorial
    Elsevier
    Descripción
    Producción Científica
    Documento Fuente
    The British Accounting Review, Julio 2022, vol. 54, n. 4, 101070
    Abstract
    This study investigates the interrelationship between bank regulatory capital and bank diversification. We argue that regulatory capital might act as a substitutive mechanism of diversification to alleviate a bank's default risk. As a result, regulatory capital is likely to discourage firms from excessive diversification, which might in turn indirectly improve bank value. Using a sample of listed banks in developed countries from 2011 to 2017, we find that total regulatory capital is inversely associated with bank diversification. Narrower regulatory capital ratios only have a significant association with income-based but not with asset-based diversification. Our results also reveal an indirect effect of regulatory capital on bank value mediated by bank diversification (i.e. indirect-only mediation). Overall, our study provides novel insights into the complementarity of the institutional and strategic domains so as to understand the far-reaching implications of regulation reforms for the strategic behaviour of banking companies.
    Palabras Clave
    Banking industry
    Industria bancaria
    Regulatory capital
    Capital regulatorio
    Firm value
    Valor de empresa
    ISSN
    0890-8389
    Revisión por pares
    SI
    DOI
    10.1016/j.bar.2021.101070
    Patrocinador
    Ministerio de Ciencia, Innovación y Universidades (grants ECO2017-84864-P and PID2020-114797GB-I00)
    Version del Editor
    https://www.sciencedirect.com/science/article/pii/S0890838921000962?via%3Dihub
    Propietario de los Derechos
    © The Author
    Idioma
    eng
    URI
    https://uvadoc.uva.es/handle/10324/51668
    Tipo de versión
    info:eu-repo/semantics/publishedVersion
    Derechos
    openAccess
    Aparece en las colecciones
    • DEP21 - Artículos de revista [58]
    Mostra tutti i dati dell'item
    Files in questo item
    Nombre:
    Bank-diversification.pdf
    Tamaño:
    741.8Kb
    Formato:
    Adobe PDF
    Thumbnail
    Mostra/Apri
    Attribution-NonCommercial-NoDerivatives 4.0 InternacionalLa licencia del ítem se describe como Attribution-NonCommercial-NoDerivatives 4.0 Internacional

    Universidad de Valladolid

    Powered by MIT's. DSpace software, Version 5.10