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Ethical bank disclosures and liquidity creation
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dc.contributor.author | Kladakis, George | |
dc.contributor.author | Chen, Lei | |
dc.contributor.author | Bellos, Sotirios K. | |
dc.date.accessioned | 2024-07-19T16:30:15Z | |
dc.date.available | 2024-07-19T16:30:15Z | |
dc.date.issued | 2023-04-01 | |
dc.identifier | 305521988 | |
dc.identifier | caef685a-6d66-41ed-9ef2-27e799787e09 | |
dc.identifier | 85148772247 | |
dc.identifier.citation | Kladakis , G , Chen , L & Bellos , S K 2023 , ' Ethical bank disclosures and liquidity creation ' , Journal of International Financial Markets, Institutions and Money , vol. 84 , 101754 . https://doi.org/10.1016/j.intfin.2023.101754 | en |
dc.identifier.issn | 1042-4431 | |
dc.identifier.other | ORCID: /0000-0003-2502-2401/work/164023924 | |
dc.identifier.uri | https://hdl.handle.net/10023/30243 | |
dc.description.abstract | Ethics in finance and in banks have attracted increasing attention after the global financial crisis of 2007–2009. Although engagement in more ethical activities for banks has been a legitimate social expectation, the impact of it on the financial performance appears to be unclear. We examine whether ethics-related disclosures can help banks create more liquidity by conducting textual analysis of hand-collected bank annual reports and unearth interesting findings. First, we find that the probability of including a code of ethics in the annual report increases with bank risk (i.e. loan loss reserves and risk-weighted assets). Second, our results indicate that liquidity creation is positively associated with the relative frequency of ethics-related terms in the annual reports of banks that publish a code of ethics. Our findings suggest that ethical bank disclosures can mitigate risk concerns and attract more business that allows banks to create more liquidity. | |
dc.format.extent | 16 | |
dc.format.extent | 2014723 | |
dc.language.iso | eng | |
dc.relation.ispartof | Journal of International Financial Markets, Institutions and Money | en |
dc.subject | Bank ethics | en |
dc.subject | Liquidity creation | en |
dc.subject | Annual report | en |
dc.subject | Textual analysis | en |
dc.subject | 3rd-NDAS | en |
dc.subject | MCC | en |
dc.title | Ethical bank disclosures and liquidity creation | en |
dc.type | Journal article | en |
dc.contributor.institution | University of St Andrews. Finance (Business School) | en |
dc.identifier.doi | https://doi.org/10.1016/j.intfin.2023.101754 | |
dc.description.status | Peer reviewed | en |
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