行政公告
  • 行政公告
[Seminar] 財金系 6/9 (五) 上午 10:30 邀請 Tulane University 的 Prof. Robert Prilmeier 演講
活動起日:2017-06-09 
發佈日期:2017-06-02 
瀏覽數:273  2017-06-02 更新

本系擬於 6/9 () 邀請 Tulane University Prof. Robert Prilmeier 至本所進行專題演講,相關訊息如下:

 

【演講訊息】

時間: 6/9 () 10:30-12:00

地點: 管理學院一號館 405 教室

講者: Prof. Robert Prilmeier

講題: Why does fast loan growth predict poor performance for banks?

 

Abstract:

From 1973 to 2014, the common stock of U.S. banks with loan growth in the top quartile of banks over a three-year period significantly underperforms the common stock of banks with loan growth in the bottom quartile over the next three years. After the period of high growth, these banks have a lower return on assets and increase their loan loss reserves. The poorer performance of fast growing banks is not explained by merger activity. The evidence is consistent with banks, analysts, and investors being over-optimistic about the risk of loans extended during bank-level periods of high loan growth.