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dc.contributor.authorTran, DV
dc.contributor.authorHoang, K
dc.contributor.authorNguyen, Cuong
dc.date.accessioned2022-05-02T00:09:53Z
dc.date.available2020-06-07
dc.date.available2022-05-02T00:09:53Z
dc.date.issued2021-03
dc.date.submitted2020-06-04
dc.identifier.issn1544-6123
dc.identifier.urihttps://hdl.handle.net/10182/14909
dc.description.abstractInvestigating the impact of economic policy uncertainty (EPU) on banks’ business activities using a large sample of U.S. banks during 2000–2017, we find that banks are more likely to diversify their income stream into new activities generating non-interest income amid high EPU. The results indicate that EPU on CPI and bank M&A has no impact on banks’ decisions about non-interest income activities (NIIA) and, notably, small and medium banks increase their NIIA when EPU is elevated, whereas large banks do not. Importantly, EPU related to government spending has the highest impact on banks’ business activities, followed by news-based EPU.
dc.format.extent8 pages
dc.languageen
dc.publisherElsevier
dc.relationThe original publication is available from Elsevier - https://doi.org/10.1016/j.frl.2020.101639
dc.relation.urihttps://doi.org/10.1016/j.frl.2020.101639
dc.rights© 2020 Elsevier Inc. All rights reserved.
dc.subjectactivity strategies
dc.subjectbanking
dc.subjectdiversification
dc.subjectpolicy uncertainty
dc.titleHow does economic policy uncertainty affect bank business models?
dc.typeJournal Article
lu.contributor.unitLincoln University
lu.contributor.unitFaculty of Agribusiness and Commerce
lu.contributor.unitDepartment of Financial and Business Systems
dc.identifier.doi10.1016/j.frl.2020.101639
dc.relation.isPartOfFinance Research Letters
pubs.organisational-group|LU
pubs.organisational-group|LU|Faculty of Agribusiness and Commerce
pubs.organisational-group|LU|Faculty of Agribusiness and Commerce|FABS
pubs.organisational-group|LU|Research Management Office
pubs.organisational-group|LU|Research Management Office|QE18
pubs.publication-statusPublished
pubs.volume39
lu.identifier.orcid0000-0002-7563-2374
dc.date.updated2022-04-27T04:11:10Z
pubs.article-number101639


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