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| 005 | 20241010085238.0 | ||
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_aMSU _bEnglish _cMSU _erda |
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| 050 | 0 | 0 | _aHD61.J687 JOU |
| 100 | 1 |
_aFritz-Morgenthal, Sebastian G. _eauthor |
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| 245 | 1 | 0 |
_aDoes risk culture matter? : _bthe relationship between risk culture indicators and stress test results/ _ccreated by Sebastian Fritz-Morgenthal, Julia Hellmuth and Natalie Packham |
| 264 | 1 |
_aLondon : _bHenry Stewart Publication, _c2016. |
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| 336 |
_2rdacontent _atext _btxt |
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| 337 |
_2rdamedia _aunmediated _bn |
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| 338 |
_2rdacarrier _avolume _bnc |
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| 440 |
_aJournal of risk management in financial institutions _vVolume 9, number 1 |
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| 520 | 3 | _aA strong risk culture is generally thought to be valuable to an institution as it is said to strengthen the institution’s resilience. Can this claim be substantiated? In our research, we show that quantitative and qualitative risk culture indicators can be identified. Using a comprehensive dataset comprising 81 European banks, two scores are developed: a score for risk culture based on risk culture indicators, and a stress test score based on the 2014 ECB stress test outcome. Two hypotheses are tested: first, is there a relationship between the risk culture score and stress indicators (in this case, derived from the 2014 ECB stress test)? The results confirm that a relatively better stress test result corresponds to a better risk culture of a financial institution: two quantitative ratios, the leverage ratio and a variable quantifying adjustments derived from the AQR, entail significant explanatory power. Secondly, which individual risk culture indictors best explain the individual results of the ECB stress test? The qualitative factors showing a high significance are ‘governance’ and ‘other effects’, which include, for example, one-off effects. | |
| 650 |
_aRisk culture _vRisk framework _xFinancial institutions |
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| 700 | 1 |
_aHellmuth, Julia _eco author |
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| 700 | 1 |
_aPackham, Natalie _eco author |
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| 856 | _uhttps://doi.org/10.69554/NCGI5286. | ||
| 942 |
_2lcc _cJA |
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| 999 |
_c167647 _d167647 |
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