Mamonov, Mikhail - National Research University Higher School of Economics - 2013
banks to higher credit risk exposures in the future (the “skimping” hypothesis)? Our main result implies that, while the … “bad management” hypothesis holds on average for the banking sector as a whole, the “skimping” hypothesis could be the case … order to extract higher profits in the short run. In-terestingly, we show that the “skimping” strategy is not the case for …