Bank Liquidity Creation and CEO Optimism
博士 === 國立臺灣大學 === 財務金融學研究所 === 106 === Using U.S. banking data between 1993 and 2014, this dissertation investigates the relationship between CEO optimism and bank liquidity creation. It finds that banks with optimistic CEOs create more liquidity over the entire sample period. In addition, the posit...
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| Format: | Others |
| Language: | en_US |
| Published: |
2018
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| Online Access: | http://ndltd.ncl.edu.tw/handle/7325zz |
| Summary: | 博士 === 國立臺灣大學 === 財務金融學研究所 === 106 === Using U.S. banking data between 1993 and 2014, this dissertation investigates the relationship between CEO optimism and bank liquidity creation. It finds that banks with optimistic CEOs create more liquidity over the entire sample period. In addition, the positive effect of CEO optimism on liquidity creation became stronger during the subprime crisis of 2007-2009, and this stronger effect was mainly driven by large banks and those with high capital ratios. These results imply that CEO optimism is likely to encourage banks to create liquidity, especially during banking crises. The results presented in this dissertation hold when subjected to various robustness checks.
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