Ferrer Zubiate, Elena

Profile Picture

Email Address

person.page.identifierURI

https://academica-e.unavarra.es/handle/2454/49029

Birth Date

Job Title

Last Name

Ferrer Zubiate

First Name

Elena

person.page.departamento

Gestión de Empresas

person.page.instituteName

INARBE. Institute for Advanced Research in Business and Economics

ORCID

0000-0002-1761-9120

person.page.observainves

88766

person.page.upna

810096

Name

Filters

20211
Reset filters

Settings

Author: Cubillas, Elena × Subject: Investor sentiment ×

Search Results

Now showing 1 - 1 of 1
  • Thumbnail Image
    PublicationOpen Access
    Does investor sentiment affect bank stability? International evidence from lending behavior
    (Elsevier, 2021) Cubillas, Elena; Ferrer Zubiate, Elena; Suárez Suárez, Nuria; Enpresen Kudeaketa; Institute for Advanced Research in Business and Economics - INARBE; Gestión de Empresas
    We study the impact of investor sentiment on bank credit and how changes in lending may affect bank stability. We analyze a sample of 2,673 banks from 127 developed and developing countries during the 1997–2016 period. Our results indicate that periods of high investor sentiment positively affect bank lending and encourage bank risk-taking through the increase in the amount of loans granted which, in fact, reduces bank stability. We find that the impact of investor sentiment on bank stability through changes in growth in bank loans is less negative in countries where creditor rights protection is greater, in terms of both collateral and bankruptcy. During systemic banking crises, the negative effect on bank stability was weaker since any increase in bank credit supply provoked by investor sentiment was counteracted by the crisis.