We construct a novel dataset to measure banks' complexity and relate it to banks' riskiness. The sample covers stock listed Euro area banks from 2007 to 2014. Bank stability is significantly affected by complexity, whereas the direction of the effect differs across complexity measures. (C) 2016 Elsevier B.V. All rights reserved.
机构:
World Bank, 1818 H St NW, Washington, DC 20433 USASimon Fraser Univ, Beedie Sch Business, Burnaby, BC, Canada
Cull, Robert
Demirguc-Kunt, Asli
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机构:
World Bank, 1818 H St NW, Washington, DC 20433 USASimon Fraser Univ, Beedie Sch Business, Burnaby, BC, Canada
Demirguc-Kunt, Asli
Mare, Davide S.
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World Bank, 1818 H St NW, Washington, DC 20433 USA
Univ Edinburgh, Business Sch, Edinburgh, Midlothian, ScotlandSimon Fraser Univ, Beedie Sch Business, Burnaby, BC, Canada