房地产价格波动与机构失当行为

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-09-20 DOI:10.1016/j.frl.2025.108505

Mingya Hu , Yongjie Zhang , Xu Feng

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引用次数: 0

摘要

我们发现，对房地产价格波动（BE-REPV）的敞口越大，银行内部的不当行为就越严重。房地产价格上涨促使银行扩大贷款活动，这反过来又增加了经营压力和员工不当行为。这种最初起源于贷款业务的不当行为，溢出到与存款相关的活动中，导致银行存款业务中的不当行为增加。我们的研究结果强调了房地产价格波动与银行不当行为之间的直接联系，为外部市场因素如何影响机构行为提供了新的见解。

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Real estate price fluctuations and institutional misconduct

We find that greater exposure to real estate price volatility (BE-REPV) is linked to higher levels of misconduct within banks. Increases in real estate prices drive banks to expand their lending activities, which in turn increases operational pressures and staff misconduct. This misconduct, initially originating in lending operations, spills over into deposit-related activities, leading to higher misconduct in banks' deposit operations. Our findings highlight a direct connection between real estate price volatility and bank misconduct, providing fresh insights into how external market factors influence institutional behavior.

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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