Size and earnings volatility of US bank holding companies
Size and earnings volatility of US bank holding companies
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美国银行控股公司的规模和盈利波动
DOI：
10.1016/j.jbankfin.2012.07.008
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发表时间：
2012
影响因子：
3.7
通讯作者：
T. Poghosyan
中科院分区：
文献类型：
--
作者：
J. Haan;T. Poghosyan
我们考察了银行收益波动是否取决于银行规模。利用1995年第一季度至2010年第三季度美国银行控股公司的季度数据，在控制了管理质量、杠杆率和多元化的情况下，我们发现银行规模降低了收益波动性。然而，这种影响是非线性的：当银行规模超过一定阈值（约50亿美元）时，规模与盈利波动呈正相关。最近的金融危机降低了规模对波动性的影响转为积极的门槛。
We examine whether bank earnings volatility depends on bank size. Using quarterly data for bank holding companies in the United States for the period 1995Q1–2010Q3 and controlling for the quality of management, leverage, and diversification, we find that bank size reduces return volatility. However, the effect is non-linear: when bank size exceeds a certain threshold (about US$5billion) size is positively related to earnings volatility. The recent financial crisis decreased the threshold beyond which the impact of size on volatility turns positive.