Detailed Information on Publication Record
2019
Social aspirations in European banks: peer-influenced risk behaviour.
LYÓCSA, Štefan, Tomáš VÝROST and Eduard BAUMÖHLBasic information
Original name
Social aspirations in European banks: peer-influenced risk behaviour.
Authors
LYÓCSA, Štefan (703 Slovakia, guarantor, belonging to the institution), Tomáš VÝROST (703 Slovakia) and Eduard BAUMÖHL (703 Slovakia)
Edition
Applied Economics Letters, UK, Taylor & Francis, 2019, 1350-4851
Other information
Language
English
Type of outcome
Článek v odborném periodiku
Field of Study
50204 Business and management
Country of publisher
United Kingdom of Great Britain and Northern Ireland
Confidentiality degree
není předmětem státního či obchodního tajemství
References:
Impact factor
Impact factor: 0.752
RIV identification code
RIV/00216224:14560/19:00108926
Organization unit
Faculty of Economics and Administration
UT WoS
000455124800007
Keywords in English
Social aspiration; European banks; performance; risk behaviour; prospect theory
Tags
International impact, Reviewed
Změněno: 24/11/2023 15:06, Mgr. Pavlína Kurková
Abstract
V originále
We test a sample of 3,586 banks from 33 European countries to determine whether performances above or below a social aspiration level (median performance of peer banks) influence banks’ aggregate risk levels. Our results are consistent with the behavioural theory of the firm and prospect theory in that we find that bank performance below a bank’s social aspiration level is followed by increased aggregate risk, i.e. risk-taking behaviour in the subsequent year. Although under-performing banks tend to be risk-takers, large banks and banks with high aggregate risk levels tend to limit the increase in their aggregate risk levels.