Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/27216
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kara, A | - |
dc.contributor.author | Ongena, S | - |
dc.contributor.author | Yildiz, Y | - |
dc.date.accessioned | 2023-09-17T20:15:27Z | - |
dc.date.available | 2023-09-17T20:15:27Z | - |
dc.date.issued | 2023-09-06 | - |
dc.identifier | ORCID iD: Alper Kara https://orcid.org/0000-0002-8560-0501 | - |
dc.identifier.citation | Kara, A., Ongena, S. and Yildiz, Y. (2023) 'Does being a responsible bank pay off? Evidence from the COVID-19 pandemic', Swiss Finance Institute Research Paper, Paper No. 23-80, pp. 1 - 42, Available at/; https://ssrn.com/abstract=4565590 or https://doi.org/10.2139/ssrn.4565590. | en_US |
dc.identifier.uri | https://bura.brunel.ac.uk/handle/2438/27216 | - |
dc.description.abstract | We investigate whether banks’ initial responses during the first wave of the COVID-19 pandemic in supporting their customers, communities, and governments were perceived as value-enhancing by investors. Using a unique responsible banking measure for a sample of the largest US and European banks, we find a negative relationship between responsible bank behavior and stock market performance, particularly in the first wave of the pandemic. We also find that riskier banks were affected more negatively if they behaved responsibly. Overall, our findings show that banks’ responsible behavior during a crisis reduces, or at best is not relevant to, shareholder value. | en_US |
dc.format.extent | 1 - 42 | - |
dc.language.iso | en | en_US |
dc.publisher | Swiss Finance Institute | en_US |
dc.relation.ispartofseries | Swiss Finance Institute Research Paper;No. 23-80 | - |
dc.subject | COVID-19 pandemic | en_US |
dc.subject | market performance | en_US |
dc.subject | responsible banking | en_US |
dc.subject | stakeholder vs. shareholder value | en_US |
dc.title | Does being a responsible bank pay off? Evidence from the COVID-19 pandemic | en_US |
dc.type | Working Paper | en_US |
dc.identifier.doi | https://doi.org/10.2139/ssrn.4565590 | - |
dc.relation.isPartOf | Swiss Finance Institute Research Paper | - |
pubs.publication-status | Published | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
FullText.pdf | 847.7 kB | Adobe PDF | View/Open |
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.