政府救助对欧盟银行业绩的影响

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-03-20 DOI:10.1016/j.frl.2025.107181

Soňa Sivá

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引用次数: 0

摘要

本文采用差异中的差异和倾向得分方法，评估了2008-2014年欧盟政府救助政策对银行绩效的影响。研究结果显示，无论是在欧盟核心地区还是欧盟外围地区，接受纾困的银行都比未接受纾困的银行表现出更高的贷款活动。然而，在欧盟外围国家贷款增加的同时，不良贷款也在增加。这些发现强调了欧盟债务危机期间金融市场的碎片化，并证实了救助在缓解信贷约束的同时，也可能激励过度冒险的理论。

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The effects of government bailouts on bank performance in the EU

This paper evaluates the effects of EU government bailout policies in the years 2008–2014 on bank performance using the difference-in-differences and propensity score methods. The findings reveal that bailed-out banks exhibited higher lending activities compared to non-aided banks, both in EU core and EU periphery regions. However, this increase in lending in the EU periphery was accompanied by a rise in non-performing loans. These findings underscore financial market fragmentation during the EU debt crisis and confirm the theory that bailouts, while mitigating credit constraints, may also incentivize excessive risk-taking.

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来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance