Who Could We Blame? The Impact of Strategic Orientations on the Failure of Financial Institutions

IF 0.3 Q4 BUSINESS, FINANCE

Review of Pacific Basin Financial Markets and Policies Pub Date : 2021-06-21 DOI:10.1142/s0219091521500119

X. Vo, T. Q. Le, T. L. Nguyen, H. Luu

引用次数: 0

Abstract

We evaluate the impact of strategic orientation on the failure probability of financial institutions. Using the US credit union industry as the empirical setting, we find that credit unions which exhibit preferential treatment to borrowers are more likely to fail, whereas those who set operational strategies towards balancing the benefits between savers and borrowers experience a lower failure probability. The impacts appear to be more pronounced in small credit unions and in credit unions which have a lower operating experience. We also find that borrower-oriented credit unions generate lower interest margins while neutral behavior credit unions generate higher margins.

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我们能责怪谁？战略取向对金融机构失败的影响

我们评估了战略导向对金融机构失败概率的影响。以美国信用合作社行业为实证背景，我们发现，对借款人表现出优惠待遇的信用合作社更有可能倒闭，而那些制定运营策略以平衡储蓄者和借款人之间利益的信用合作社倒闭概率较低。这种影响在小型信用合作社和运营经验较低的信用合作社中似乎更为明显。我们还发现，以借款人为导向的信用合作社产生较低的息差，而中性行为信用合作社产生较高的息差。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Review of Pacific Basin Financial Markets and Policies BUSINESS, FINANCE-

CiteScore

1.30

自引率

11.10%

发文量

期刊介绍： This journal concentrates on global interdisciplinary research in finance, economics and accounting. The major topics include: 1. Business, economic and financial relations among the Pacific rim countries. 2. Financial markets and industries. 3. Options and futures markets of the United States and other Pacific rim countries. 4. International accounting issues related to U.S. companies investing in Pacific rim countries. 5. The issue of and strategy for developing Tokyo, Taipei, Shanghai, Sydney, Seoul, Hong Kong, Singapore, Kuala Lumpur, Bangkok, Jakarta, and Manila as international or regional financial centers. 6. Global monetary and foreign exchange policy, and 7. Other high quality interdisciplinary research in global accounting, business, economics and finance.