Affiliation:
1. Nottingham Business School Nottingham Trent University Nottingham United Kingdom
2. University of Northampton Northampton Waterside United Kingdom
3. De Montfort University, Leicester Castle Business School Leicester United Kingdom
Abstract
AbstractThis paper focuses on utilizing non‐performing loans (NPLs) as the primary indicator of credit risk to analyze how various bank and country‐level characteristics influence changes in credit risk within and between banks across China, Europe, and the U.S. during the COVID‐19 period. Over 4,959 bank‐quarter observations (from Q4 2019 to Q4 2021), it becomes evident that COVID‐19 significantly contributes to the variation in NPLs, underscoring its adverse impact on credit risk. This pattern is consistent across all countries; however, Chinese banks exhibit more robust capabilities in managing credit risk exposure compared to their European and U.S. counterparts. These findings offer significant implications for policymakers, investors, and regulators who are concerned about the repercussions of global pandemics on financial institutions.
Reference47 articles.
1. Does soft information determine credit risk? Text-based evidence from European banks
2. The Impact of COVID-19 on Supply Chain Credit Risk
3. Bank Capital Regulation: Theory, Empirics, and Policy
4. Andrews D. &Petroulakis F.(2019).Breaking the shackles: weak banks and depressed restructuring in Europe. OECD Economics Department Working Papers 1433. Available at:https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2240~61e2d9dfec.en.pdf
5. The Unprecedented Stock Market Reaction to COVID-19
Cited by
1 articles.
订阅此论文施引文献
订阅此论文施引文献，注册后可以免费订阅5篇论文的施引文献，订阅后可以查看论文全部施引文献