Bank Corporate Governance and Real Estate Lending During the Financial Crisis

    Authors

    E. Peni; S. D. Smith;S. Vahamaa

    Comments

    Authors: contact us about adding a copy of your work at STARS@ucf.edu

    Abbreviated Journal Title

    J. Real Estate Res.

    Keywords

    FIRM PERFORMANCE; RISK-TAKING; MARKET; MANAGEMENT; REITS; Business, Finance; Economics

    Abstract

    This paper examines the effects of bank corporate governance on real estate lending and loan losses during the recent financial crisis. The results indicate that banks with stronger corporate governance mechanisms had higher profitability during the period 2006-2009. Our findings on the effects of corporate governance on real estate lending performance are mixed and depend on the definition of the crisis period. Although banks with stronger governance practices had a lower amount of real estate loan losses during 2006-2008, our results also show that these banks experienced significantly larger losses in 2009.

    Journal Title

    Journal of Real Estate Research

    Volume

    35

    Issue/Number

    3

    Publication Date

    1-1-2013

    Document Type

    Article

    Language

    English

    First Page

    313

    Last Page

    343

    WOS Identifier

    WOS:000323686600003

    ISSN

    0896-5803

    Share

    COinS