文章基本信息

标题：Bank Trading, Capital, and Profitability
本地全文：下载
作者：Jijun Niu ; Victor Y. Song
期刊名称：Journal of Applied Finance and Banking
印刷版ISSN：1792-6580
电子版ISSN：1792-6599
出版年度：2019
卷号：9
期号：6
页码：279-284
出版社：Scienpress Ltd
摘要： Some banks generate significant income from trading activities. In this paper, we analyze a panel of US banks and find that the effect of trading on bank profitability depends on each bank’s capital ratio. Trading enhances profitability for banks with high capital ratios, but reduces profitability for banks with low capital ratios. Our findings provide empirical support for theories in which trading can divert capital away from relationship lending and undermine bank profitability.
关键词：Bank; Trading; Capital; Profitability