Rights statement: This is the peer reviewed version of the following article:Chircop, J., Fabrizi, M., Ipino, E. and Parbonetti, A. (2017), Does Branch Religiosity Influence Bank Risk-Taking?. Journal of Business Finance & Accounting, 44: 271–294. doi:10.1111/jbfa.12227 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/jbfa.12227/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
Accepted author manuscript, 1.02 MB, PDF document
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Final published version
Research output: Contribution to Journal/Magazine › Journal article › peer-review
Research output: Contribution to Journal/Magazine › Journal article › peer-review
}
TY - JOUR
T1 - Does branch religiosity influence bank risk taking?
AU - Chircop, Justin
AU - Fabrizi, Michele
AU - Ipino, Elisabetta
AU - Parbonetti, Antonio
N1 - This is the peer reviewed version of the following article:Chircop, J., Fabrizi, M., Ipino, E. and Parbonetti, A. (2017), Does Branch Religiosity Influence Bank Risk-Taking?. Journal of Business Finance & Accounting, 44: 271–294. doi:10.1111/jbfa.12227 which has been published in final form at http://onlinelibrary.wiley.com/doi/10.1111/jbfa.12227/abstract This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
PY - 2017/1
Y1 - 2017/1
N2 - Using branch-level data on public and private US banking institutions, we investigate the importance of branch religiosity in shaping bank risk-taking behavior. Our results show robust evidence that branch religiosity is negatively related to bank risk-taking. This effect persists after controlling for several bank-level and county-level variables that might correlate with religiosity. Moreover, this result is robust to controlling for headquarter religiosity, suggesting that the effect of branch religiosity is additive and not washed out by headquarter religiosity. Overall, our findings document that headquarter religiosity does not capture the full effect of religiosity on bank behavior, as claimed by previous research, but that the religiosity of the geographic area in which the bank operates significantly influences bank behavior.
AB - Using branch-level data on public and private US banking institutions, we investigate the importance of branch religiosity in shaping bank risk-taking behavior. Our results show robust evidence that branch religiosity is negatively related to bank risk-taking. This effect persists after controlling for several bank-level and county-level variables that might correlate with religiosity. Moreover, this result is robust to controlling for headquarter religiosity, suggesting that the effect of branch religiosity is additive and not washed out by headquarter religiosity. Overall, our findings document that headquarter religiosity does not capture the full effect of religiosity on bank behavior, as claimed by previous research, but that the religiosity of the geographic area in which the bank operates significantly influences bank behavior.
U2 - 10.1111/jbfa.12227
DO - 10.1111/jbfa.12227
M3 - Journal article
VL - 44
SP - 271
EP - 294
JO - Journal of Business Finance and Accounting
JF - Journal of Business Finance and Accounting
SN - 0306-686X
IS - 1-2
ER -