{"id":122420,"date":"2024-01-23T07:51:23","date_gmt":"2024-01-23T06:51:23","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/122420\/"},"modified":"2024-11-07T05:16:45","modified_gmt":"2024-11-07T04:16:45","slug":"are-ethical-and-social-banks-less-risky-evidence-from-a-new-dataset-wwwforeurope-working-paper-no-96","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/122420\/","title":{"rendered":"Are Ethical and Social Banks Less Risky? Evidence from a New Dataset. WWWforEurope Working Paper No. 96"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-122420","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"This paper introduces a new and comprehensive dataset on \"alternative\" banks in EU and OECD countries. Alternative banks (e.g., ethical, social or sustainable banking) experienced a recent increase in media interest and have been hailed as an answer to the financial crisis but no research exists on their stability. This paper studies whether alternative banks differ from conventional banks in terms of riskiness. For this I construct a comprehensive dataset of alternative banks and compare their riskiness with an adequately matched control group of conventional banks using mean comparison and panel regression techniques. The main result is that alternative banks are significantly more stable (in terms of z-score) than their conventional counterparts. The results are robust to different estimation methods and data specifications. Alternative banks also have lower loan-to-asset ratios and higher customer deposit ratios than conventional banks.","onlinedate":"2015-05-07 02:00:00","lang":"English","publication_series":"WWWforEurope: Welfare, Wealth and Work for Europe","publication_date":"20150501","publication_date_year":"","publication_date_full":false,"publication_num_pages":"50","keywords":"[]","jelcodes":"[]","related_publications":"[]","pdf":358209,"zip":null,"link":"","monthly_report":false,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"","journal":"","publisher":"","invisible":false,"external":false,"embargo_date":null,"types":[81966],"research_groups":[3500],"collaboration":"","persons":[13847],"persons_data":"[{\"personId\":13847,\"personName\":\"Marlene Karl\",\"organisationNames\":[\"DIW Berlin\"]}]","clients":[10692,10704,10722,32851],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_bookanthology rendering_apa rendering_bookanthology_apa\\\">Karl, M. (2015). <span><em>Are Ethical and Social Banks Less Risky? Evidence from a New Dataset. WWWforEurope Working Paper No. 96<\\\/em><\\\/span>. (WWWforEurope: Welfare, Wealth and Work for Europe). German Institute for Economic Research. <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/58138\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/58138<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_bookanthology rendering_vancouver rendering_bookanthology_vancouver\\\">Karl M. <span class=\\\"title\\\"><span>Are Ethical and Social Banks Less Risky? Evidence from a New Dataset. WWWforEurope Working Paper No. 96<\\\/span><\\\/span>. German Institute for Economic Research; 2015.<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_bookanthology rendering_bibtex rendering_bookanthology_bibtex\\\"><div>@book{41be865873744f6995877e6ab62be2bc,<\\\/div><div>  title     = \\\"Are Ethical and Social Banks Less Risky? Evidence from a New Dataset. WWWforEurope Working Paper No. 96\\\",<\\\/div><div>  abstract  = \\\"This paper introduces a new and comprehensive dataset on {\\\"}alternative{\\\"} banks in EU and OECD countries. Alternative banks (e.g., ethical, social or sustainable banking) experienced a recent increase in media interest and have been hailed as an answer to the financial crisis but no research exists on their stability. This paper studies whether alternative banks differ from conventional banks in terms of riskiness. For this I construct a comprehensive dataset of alternative banks and compare their riskiness with an adequately matched control group of conventional banks using mean comparison and panel regression techniques. The main result is that alternative banks are significantly more stable (in terms of z-score) than their conventional counterparts. The results are robust to different estimation methods and data specifications. Alternative banks also have lower loan-to-asset ratios and higher customer deposit ratios than conventional banks.\\\",<\\\/div><div>  author    = \\\"Marlene Karl\\\",<\\\/div><div>  note      = \\\"Are Ethical and Social Banks Less Risky?\\\",<\\\/div><div>  year      = \\\"2015\\\",<\\\/div><div>  month     = may,<\\\/div><div>  language  = \\\"English\\\",<\\\/div><div>  series    = \\\"WWWforEurope: Welfare, Wealth and Work for Europe\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_bookanthology rendering_ris rendering_bookanthology_ris\\\"><p>TY  - BOOK<\\\/p><p>T1  - Are Ethical and Social Banks Less Risky? Evidence from a New Dataset. WWWforEurope Working Paper No. 96<\\\/p><p>AU  - Karl, Marlene<\\\/p><p>N1  - Are Ethical and Social Banks Less Risky?<\\\/p><p>PY  - 2015\\\/5<\\\/p><p>Y1  - 2015\\\/5<\\\/p><p>N2  - This paper introduces a new and comprehensive dataset on \\\"alternative\\\" banks in EU and OECD countries. Alternative banks (e.g., ethical, social or sustainable banking) experienced a recent increase in media interest and have been hailed as an answer to the financial crisis but no research exists on their stability. This paper studies whether alternative banks differ from conventional banks in terms of riskiness. For this I construct a comprehensive dataset of alternative banks and compare their riskiness with an adequately matched control group of conventional banks using mean comparison and panel regression techniques. The main result is that alternative banks are significantly more stable (in terms of z-score) than their conventional counterparts. The results are robust to different estimation methods and data specifications. Alternative banks also have lower loan-to-asset ratios and higher customer deposit ratios than conventional banks.<\\\/p><p>AB  - This paper introduces a new and comprehensive dataset on \\\"alternative\\\" banks in EU and OECD countries. Alternative banks (e.g., ethical, social or sustainable banking) experienced a recent increase in media interest and have been hailed as an answer to the financial crisis but no research exists on their stability. This paper studies whether alternative banks differ from conventional banks in terms of riskiness. For this I construct a comprehensive dataset of alternative banks and compare their riskiness with an adequately matched control group of conventional banks using mean comparison and panel regression techniques. The main result is that alternative banks are significantly more stable (in terms of z-score) than their conventional counterparts. The results are robust to different estimation methods and data specifications. Alternative banks also have lower loan-to-asset ratios and higher customer deposit ratios than conventional banks.<\\\/p><p>M3  - Study<\\\/p><p>T3  - WWWforEurope: Welfare, Wealth and Work for Europe<\\\/p><p>BT  - Are Ethical and Social Banks Less Risky? Evidence from a New Dataset. WWWforEurope Working Paper No. 96<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Are Ethical and Social Banks Less Risky? Evidence from a New Dataset. 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