English, Article, Journal or magazine article edition: Risk Management, Capital Structure and Lending at Banks A. Sinan Cebenoyan; Philip E. Strahan

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Bookmark: http://trove.nla.gov.au/version/190639
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Risk Management, Capital Structure and Lending at Banks
Author
  • A. Sinan Cebenoyan
  • Philip E. Strahan
Physical Description
  • preprint
Notes
  • We test how active management of bank credit risk exposure through the loan sales market affects capital structure, lending, profits, and risk. We find that banks that rebalance their C&​I loan portfolio exposures by both buying and selling loans – that is, banks that use the loan sales market for risk management purposes rather than to alter their holdings of loans -- hold less capital than other banks; they also make more risky loans (loans to businesses) as a percentage of total assets than other banks. Holding size, leverage and lending activities constant, banks active in the loan sales market have lower risk and higher profits than other banks. We conclude that increasingly sophisticated risk management practices in banking are likely to improve the availability of bank credit but not to reduce bank risk.
  • RePEc:wop:pennin:02-09
Language
  • English
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