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http://bura.brunel.ac.uk/handle/2438/27248| Title: | CEO risk-culture, bank stability and the case of the Silicon Valley Bank |
| Authors: | Semeyutin, A Kaawach, S Kara, A |
| Keywords: | risk-culture;machine learning;text analysis;earning calls |
| Issue Date: | 7-Oct-2023 |
| Publisher: | Elsevier |
| Citation: | Semeyutin, A., Kaawach, S. and Kara, A. (2023) 'CEO risk-culture, bank stability and the case of the Silicon Valley Bank', Economics Letters, 233, 111373, pp. 1 - 6. doi: 10.1016/j.econlet.2023.111373 |
| Abstract: | Copyright © 2023 The Authors. We examine the link between CEO risk-culture and bank stability. Using textual analysis, we construct novel bank CEO risk-culture indicators by analysing Earning Calls transcripts (EC) of 160 US Bank Holding Companies (BHC) for the period between 2002 and 2023. We illustrate and discuss our findings using the case of the recently collapsed Silicon Valley Bank (SVB). We observe a weaker emphasis on governance by SVB in comparison to the benchmark sample. We also show an alignment between CEO risk-culture of SVB and other banks’ CEOs with the highest uninsured deposits, including the later collapsed First Republic Bank. Finally, our regression analysis shows that negative metrics of the CEO risk-culture decrease bank stability. |
| Description: | Data availability: Data will be made available on request. |
| URI: | https://bura.brunel.ac.uk/handle/2438/27248 |
| DOI: | https://doi.org/10.1016/j.econlet.2023.111373 |
| ISSN: | 0165-1765 |
| Other Identifiers: | ORCID iD: Said Kaawach https://orcid.org/0000-0001-7136-0204 ORCID iD: Alper Kara https://orcid.org/0000-0002-8560-0501 |
| Appears in Collections: | Dept of Economics and Finance Research Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | Copyright © 2023 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (https://creativecommons.org/licenses/by/4.0/). | 5.9 MB | Adobe PDF | View/Open |
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