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| Type | Bachelor's Thesis |
| Scope | Discipline-based scholarship |
| Title | Bank Risk Culture vs. Learning Hypothesis: Evidence from Europe |
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| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Number of Pages | 29 |
| Date | 2014 |
| Abstract Text | Is the performance of European banks in a particular crisis an indicator of their performance in a successive one? This paper tries to answer this questions by analyzing stock retruns and accounting data of 131 banks from the Russian crisis in 1998 and the recent financial crisis. There was found weak support for the hypothesis that banks performed poorly and banks that performed well will continue to do so in a successive crisis. However, more inclusive statistical tests show this Risk Culture Hypothesis effect is largely due to the idiosyncratic risk profile of the individual banks. |
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