Bank liquidity creation: does ownership structure matter? - Archive ouverte HAL Accéder directement au contenu
Article Dans Une Revue Quarterly Review of Economics and Finance Année : 2020

Bank liquidity creation: does ownership structure matter?

Résumé

This paper uses a new, hand-collected database on ownership structure for a sample of commercial banks from 17 western European countries to explore the relationship between bank ownership structure and bank liquidity creation over the period 2004-2018. We focus on bank ownership concentration and on the identity of the major owner. Our findings are twofold: first, we find that ownership concentration has a significant and positive impact on liquidity creation. Specifically, we find that banks with over 65% controlling ownership create more liquidity than other banks. Secondly, we analyze the impact of the nature of the owner on liquidity creation. We find that banks tend to create more liquidity when the owner is another bank or a state, holding a stake above 50%, 65% for a non-financial company, 75% for a family and 85% for a financial institution.
Fichier principal
Vignette du fichier
Yeddou Pourroy.pdf (1.13 Mo) Télécharger le fichier
Origine : Fichiers produits par l'(les) auteur(s)
Loading...

Dates et versions

hal-02452616 , version 1 (23-01-2020)

Identifiants

Citer

Nacera Yeddou, Marc Pourroy. Bank liquidity creation: does ownership structure matter?. Quarterly Review of Economics and Finance, 2020, 78, pp.116-131. ⟨10.1016/j.qref.2020.01.003⟩. ⟨hal-02452616⟩

Collections

UNIV-POITIERS LEP
125 Consultations
263 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More