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Dekanat

Vortrag von Herrn Professor Dr. Lars Norden im Rahmen des Finance and Insurance Seminars

Dienstag, 19. Dezember 2017 - 16:15 bis 17:45, Münster, Universitätsstraße 14 - 16, JUR 253

Am Dienstag, den 19.12.2017 findet ein Vortrag  im Rahmen des  Finance and Insurance Seminars statt.
Das Seminar beginnt um 16:15 h, J 253, Universitätsstr. 14-16.

Herr Professor Dr. Lars Norden
Brazilian School of Public and Business Administration (EBAPE),
Getulio Vargas Foundation (FGV)
Rio de Janeiro

hält einen Vortrag zum Thema:

Does Uniqueness in Banking Matter?

Co-Autoren: Frank Hong Liu, Fabrizio Spargoli

Abstract:
Banking activities differ in their uniqueness. Common activities are performed by all banks but unique activities by few banks. We find that banks performing more unique activities exhibit higher profitability and lower risk, controlling for bank size, diversification, and other key characteristics. We document that the mechanism behind this effect is product differentiation. Furthermore, we find that banks’ sensitivity to systemic risk displays an inversely U-shaped relation with activity uniqueness. Activity uniqueness in pre-crisis times has a positive impact on bank performance during the 2007-09 financial crisis and banks with intermediate pre-crisis activity uniqueness show the highest bailout probability during the crisis. We interpret the evidence on uniqueness in analogy to recent theories showing that systemic diversity promotes financial stability.

Über eine rege Teilnahme freuen wir uns sehr.

Prof. Dr. Nicole Branger
Prof. Dr. Nadja Günster
Prof. Dr. Thomas Langer
Prof. Dr. Andreas Pfingsten
Jun.-Prof. Dr. Simon Rottke
Jun.-Prof. Dr. Judith Schneider
Jun.-Prof. Dr. Weiqi Zhang