从英雄到零:硅谷银行案例

IF 3.3 Q1 BUSINESS, FINANCE

JOURNAL OF ECONOMICS AND BUSINESS Pub Date : 2023-09-01 DOI:10.1016/j.jeconbus.2023.106138

Lai Van Vo , Huong Thi Thu Le

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引用次数: 0

摘要

本文考察了导致硅谷银行迅速倒闭的因素，硅谷银行曾被认为是最好的银行之一。我们表明，该银行在低利率时期大量投资于债务证券，随后在2022年利率飙升导致了重大的未实现损失。此外，银行的存款严重集中在一小群风险资本家手中，这增加了银行挤兑的可能性。此外，银行持有的权益资本较少，风险管理体系效率低下，加剧了风险的影响。总的来说，资产和负债管理不善导致了银行的倒闭。

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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From Hero to Zero: The case of Silicon Valley Bank

This paper examines the factors contributing to the rapid collapse of Silicon Valley Bank, once regarded as one of the best banks. We show that the bank invested heavily in debt securities during a period of low interest rates, and the subsequent surge in interest rates in 2022 resulted in significant unrealized losses. Additionally, the bank's deposits were heavily concentrated among a small group of venture capitalists, which increased the likelihood of a bank run. Furthermore, the bank held less equity capital and had an inefficient risk management system, exacerbating the impact of the risk. Overall, the mismanagement of assets and liabilities led to the bank’s failure.

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来源期刊

JOURNAL OF ECONOMICS AND BUSINESS BUSINESS, FINANCE-

CiteScore

6.20

自引率

2.60%

发文量

期刊介绍： Journal of Economics and Business: Studies in Corporate and Financial Behavior. The Journal publishes high quality research papers in all fields of finance and in closely related fields of economics. The Journal is interested in both theoretical and applied research with an emphasis on topics in corporate finance, financial markets and institutions, and investments. Research in real estate, insurance, monetary theory and policy, and industrial organization is also welcomed. Papers that deal with the relation between the financial structure of firms and the industrial structure of the product market are especially encouraged.