Journal article
Corruption and bank risk-taking: Evidence from emerging economies
Emerging markets review, v 24(24), pp 122-148
Sep 2015
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This paper addresses the impact of corruption on banks' risk-taking behavior, using bank-level data from more than 1200 banks in 35 emerging economies during the period 2000–2012. We find consistent evidence that higher levels of corruption increase the risk-taking behavior of banks, in favor of the “sand the wheel” view in the corruption-development nexus. In addition, we examine the indirect effects of corruption on bank risks, and find evidence that the impact of monetary policy on banks' risk-taking behavior is more pronounced with the increasing severity of corruption.
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Details
- Title
- Corruption and bank risk-taking: Evidence from emerging economies
- Creators
- Minghua Chen - Southwestern University of Finance and EconomicsBang Nam Jeon - Drexel UniversityRui Wang - Southwestern University of Finance and EconomicsJi Wu - Southwestern University of Finance and EconomicsRuocun Wang - Materials Science and Engineering
- Publication Details
- Emerging markets review, v 24(24), pp 122-148
- Publisher
- Elsevier
- Grant note
- JBK1407007 / Fundamental Research Funds for the Central Universities
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics); Materials Science and Engineering
- Web of Science ID
- WOS:000363082600008
- Scopus ID
- 2-s2.0-84934920134
- Other Identifier
- 991019173586604721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Business, Finance
- Economics