The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union

This paper examines the influence of creditor rights on bank capital ratios for EU countries from 709 commercial banks over the 2012-2018 period. I construct an empirical model using the OLS approach as baseline regression to investigate the relationship between the independent variable (creditor ri...

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Main Author: FAN, GE
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2020
Online Access:https://eprints.nottingham.ac.uk/62994/
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author FAN, GE
author_facet FAN, GE
author_sort FAN, GE
building Nottingham Research Data Repository
collection Online Access
description This paper examines the influence of creditor rights on bank capital ratios for EU countries from 709 commercial banks over the 2012-2018 period. I construct an empirical model using the OLS approach as baseline regression to investigate the relationship between the independent variable (creditor rights) and dependent variables (TCR and EQTA). The results show that stronger creditor rights promote the increase in bank capital ratios. Furthermore, I regress the model with random effects and instrumental variable methods to confirm the robustness of my baseline results. Moreover, I add a new variable deposit insurance coverage to test robustness. The results show that creditor rights still have a positive and significant impact on bank capital ratios when there is a deposit insurance scheme. Also, I split my sample into large or small bank sizes and high or low risk-shifting countries. For large-size banks, the influence of creditor rights on the capital adequacy ratio is significant. For high risk-shifting countries, banks are accompanied by high-risk exposure, suggesting that strong creditor rights and banks in high risk-shifting countries may increase capital adequacy ratio. Key words: creditor rights, bank capital ratios, deposit insurance, market discipline
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spelling nottingham-629942023-04-19T10:48:39Z https://eprints.nottingham.ac.uk/62994/ The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union FAN, GE This paper examines the influence of creditor rights on bank capital ratios for EU countries from 709 commercial banks over the 2012-2018 period. I construct an empirical model using the OLS approach as baseline regression to investigate the relationship between the independent variable (creditor rights) and dependent variables (TCR and EQTA). The results show that stronger creditor rights promote the increase in bank capital ratios. Furthermore, I regress the model with random effects and instrumental variable methods to confirm the robustness of my baseline results. Moreover, I add a new variable deposit insurance coverage to test robustness. The results show that creditor rights still have a positive and significant impact on bank capital ratios when there is a deposit insurance scheme. Also, I split my sample into large or small bank sizes and high or low risk-shifting countries. For large-size banks, the influence of creditor rights on the capital adequacy ratio is significant. For high risk-shifting countries, banks are accompanied by high-risk exposure, suggesting that strong creditor rights and banks in high risk-shifting countries may increase capital adequacy ratio. Key words: creditor rights, bank capital ratios, deposit insurance, market discipline 2020-12-01 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/62994/1/14319917_BUSI4109_The%20impact%20of%20creditor%20rights%20on%20commercial%20bank%20capital%20ratios-%20Evidence%20from%20the%20European%20Union.pdf FAN, GE (2020) The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union. [Dissertation (University of Nottingham only)]
spellingShingle FAN, GE
The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union
title The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union
title_full The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union
title_fullStr The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union
title_full_unstemmed The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union
title_short The impact of creditor rights on commercial bank capital ratios: Evidence from the European Union
title_sort impact of creditor rights on commercial bank capital ratios: evidence from the european union
url https://eprints.nottingham.ac.uk/62994/