An Empirical Analysis of Risk-Taking by Firms in the Savings and Loan Industry

Donald D. Hester

Chapter Chapter 2 in Risk and Uncertainty, 1968, pp 33-67 from Palgrave Macmillan

Abstract: Abstract Risk-taking by individual firms is difficult to evaluate empirically because risky actions and their outcomes are not reported in firms’ financial statements. An exception exists in the case of financial institutions which are regulated and insured by Government agencies. These agencies collect detailed information about portfolios, earnings, foreclosures, losses, reserves, and write-offs from individual firms.

Keywords: Interest Rate; Risk Measure; Total Asset; High Interest Rate; Mortgage Loan (search for similar items in EconPapers)
Date: 1968
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15248-3_2

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DOI: 10.1007/978-1-349-15248-3_2

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