The Credit Crisis Around the Globe: Why Did Some Banks Perform Better?

By Andrea Beltratti, René M. Stulz. 2012

1,397 citations recorded by the source corpus.

Subfields: Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/5b88d7d9e9f0cd56b43b8899451022da2c27143a

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

In Finance

Citations in the corpus

The Relationship between Liquidity Risk and Credit Risk in Banks (2014, methodology): “The accounting-based control variables are based on e.g. Cole and Gunther (1995, 1998), Cole and White (2012), Beltratti and Stulz (2012), He and Xiong (2012b), and Berger and Bouwman (2013).”
Do Banks Benefit from Internationalization? Revisiting the Market Power-Risk Nexus (2013, neutral): “Second, while a plethora of studies analyzes the determinants of bank risk, these studies usually ignore the role of bank internationalization (De Nicoló, 2001; Beltratti and Stulz, 2011).”
Financial Expertise of the Board, Risk Taking, and Performance: Evidence from Bank Holding Companies (2014, neutral): “These results are consistent with Beltratti and Stulz (2012) who study an international panel of large banks and find that pro-shareholder boards are associated with higher (lower) performance prior to (during) the crisis, potentially reflecting decisions that”
Macroprudential policy and bank risk (2018, methodology): “14 The above results may also be influenced by differences in the intensity of bank supervision, unrelated to macroprudential policies, which could have an impact on the amount of risk undertaken (Beltratti and Stulz, 2012).”
The Financial Crisis of 2007–2009: Why Did It Happen and What Did We Learn? (2015, neutral): “Beltratti and Stulz (2012) show that large banks with higher precrisis tier-one capital (i.e., at the end of 2006) had significantly higher stock returns during the crisis.36 36 This does not necessarily rule out “model risk,” that is, lenders relying on an incorrect model of borrower risk…”
Corporate immunity to the COVID-19 pandemic (2020, neutral): “Extensive research shows that the size and composition of corporate boards can shape their monitoring incentives and effectiveness ( Hermalin and Weisbach, 2003 , 2017 ; Adams et al., 2010 ; Beltratti and Stulz, 2012 ).”
Business models and bank performance: a long-term perspective (2016, background): “, 2013) and inspires market confidence (Beltratti and Stulz, 2012).”
Predicting Distress in European Banks (2014, background): “Moreover, Beltratti and Stulz (2012) examine using a large sample of banks for 32 countries how the stock price performance of banks during the global financial crisis relates to governance, regulation, balance sheet composition, and country characteristics other than regulation.”
Banking sector reactions to COVID-19: The role of bank-specific factors and government policy responses (2021, neutral): “For instance, Beltratti and Stulz (2012) found significant variations in the stock returns of large banks around the world during the 2008 global financial crisis, and not every bank performed equally poorly.”
Influence of National Culture on Accounting Conservatism and Risk Taking in the Banking Industry (2014, neutral): “(1993) and Kachelmeier and Shehata (1997) have employed Hofstede’s measures of cultural values in accounting, Gorodnichenko and Roland (2011) in economics, Beugelsdijk and Frijns (2010) and Chui et al. (2010) in finance, Nakata and Sivakumar (1996) and Aaker and Williams (1998) in marketing, and Fra”
How Does Capital Affect Bank Performance During Financial Crises (2013, neutral): “…which typically does not differentiate among bank size classes and studies either the credit crunch of the early 1990s (e.g., Estrella, Park, and Peristiani, 2000) or the recent subprime lending crisis (e.g., Beltratti and Stulz, 2012; Berger, Imbierowicz, and Rauch, 2012; Cole and White, 2012).”
Does monetary policy affect bank risk (2014, background): “The above results may also be influenced by differences in the intensity of bank supervision, unrelated to monetary policy, which could have had an impact on the amount of risk undertaken (Beltratti and Stulz 2012).”
Governance, Efficiency and Risk Taking in Chinese Banking (2017, neutral): “…this latter view and provide evidence of lower performance (e.g. Minton, Taillard, & Williamson, 2011; Adams & Mehran, 2012; Aebi et al., 2012; Beltratti & Stulz, 2012; Erkens, Hung, & Matos, 2012), and lower risk taking (Pathan, 2009; Mongiardino & Christian, 2010; Minton et al., 2011; Aebi…”
Board diversity and financial fragility: Evidence from European banks (2017, background): “This result is consistent with Brammer et al. (2007) and Conyon and Mallin (1997).”
Why do some banks contribute more to global systemic risk? (2018, background): “22 Also, Beltratti and Stulz (2012) argue that banks with fewer loans could be holding more credit-risky securities which could make them more susceptible to increases in credit spreads. Further, we consider a bank’s loan loss provisions defined as the natural logarithm of expenses set aside as an a”