Title

Bank Corporate Governance and Real Estate Lending During the Financial Crisis

Authors

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

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