Kanas, Angelos - In: Journal of Banking & Finance 37 (2013) 1, pp. 1-10
existence of risk-taking and risk-shifting in the US commercial banking sector subject to regulatory regime changes. The … to explore whether regime-dependent risk-shifting or risk-taking is present. We find strong evidence of risk-shifting and … ineffectiveness of PCA in controlling risk-taking and risk-shifting. The finding of risk-taking just prior to the recent financial …