Bank Supervision and Organizational Capital: The Case of Minority Lending

IF 4.9 2区 管理学 Q1 BUSINESS, FINANCE
BYEONGCHAN AN, ROBERT BUSHMAN, ANYA KLEYMENOVA, RIMMY E. TOMY
{"title":"Bank Supervision and Organizational Capital: The Case of Minority Lending","authors":"BYEONGCHAN AN,&nbsp;ROBERT BUSHMAN,&nbsp;ANYA KLEYMENOVA,&nbsp;RIMMY E. TOMY","doi":"10.1111/1475-679X.12529","DOIUrl":null,"url":null,"abstract":"<div>\n \n <p>We investigate whether improvements in banks' organizational capital and control systems facilitate increased loan origination to minority borrowers. We focus on bank supervisors' enforcement decisions and orders (EDOs) against banks and hypothesize that EDO-imposed improvements in loan policies, internal governance, and employee training mitigate deficiencies in credit assessments and lending decisions that previously disadvantaged minority borrowers. We find that mortgage origination to minority borrowers increases following the resolution of EDOs, and more so for banks with stricter supervisors or more severe EDOs. Using a semisupervised machine learning method to analyze the text of EDOs, we find that such increases are higher for EDOs specifying revisions of loan policies, implementation of formal internal governance procedures, or more employee training. Overall, we find that EDO-driven improvements in organizational capital generate unintended, positive social externalities that enhance access to credit for minority borrowers.</p>\n </div>","PeriodicalId":48414,"journal":{"name":"Journal of Accounting Research","volume":"62 2","pages":"505-549"},"PeriodicalIF":4.9000,"publicationDate":"2024-03-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Accounting Research","FirstCategoryId":"91","ListUrlMain":"https://onlinelibrary.wiley.com/doi/10.1111/1475-679X.12529","RegionNum":2,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}
引用次数: 0

Abstract

We investigate whether improvements in banks' organizational capital and control systems facilitate increased loan origination to minority borrowers. We focus on bank supervisors' enforcement decisions and orders (EDOs) against banks and hypothesize that EDO-imposed improvements in loan policies, internal governance, and employee training mitigate deficiencies in credit assessments and lending decisions that previously disadvantaged minority borrowers. We find that mortgage origination to minority borrowers increases following the resolution of EDOs, and more so for banks with stricter supervisors or more severe EDOs. Using a semisupervised machine learning method to analyze the text of EDOs, we find that such increases are higher for EDOs specifying revisions of loan policies, implementation of formal internal governance procedures, or more employee training. Overall, we find that EDO-driven improvements in organizational capital generate unintended, positive social externalities that enhance access to credit for minority borrowers.

银行监管与组织资本:少数族裔贷款案例
我们调查了银行组织资本和控制系统的改善是否有助于增加对少数群体借款人的贷款发放。我们将重点放在银行监管者针对银行的执行决定和命令(EDOs)上,并假设 EDO 强制实施的贷款政策、内部治理和员工培训方面的改进会减轻信贷评估和贷款决策中的缺陷,而这些缺陷以前曾使少数族裔借款人处于不利地位。我们发现,在 EDO 解决之后,少数族裔借款人的抵押贷款发放量会增加,而对于监管更严格或 EDO 更严厉的银行来说,情况更是如此。利用半监督机器学习方法分析 EDO 的文本,我们发现,在 EDO 规定修订贷款政策、实施正式内部治理程序或加强员工培训的情况下,这种增长幅度更大。总之,我们发现,EDO 推动的组织资本改善产生了意想不到的、积极的社会外部效应,提高了少数群体借款人获得信贷的机会。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
Journal of Accounting Research
Journal of Accounting Research BUSINESS, FINANCE-
CiteScore
7.80
自引率
6.80%
发文量
53
期刊介绍: The Journal of Accounting Research is a general-interest accounting journal. It publishes original research in all areas of accounting and related fields that utilizes tools from basic disciplines such as economics, statistics, psychology, and sociology. This research typically uses analytical, empirical archival, experimental, and field study methods and addresses economic questions, external and internal, in accounting, auditing, disclosure, financial reporting, taxation, and information as well as related fields such as corporate finance, investments, capital markets, law, contracting, and information economics.
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信