Emerging themes in banking: Recent literature and directions for future research

John Ogilvie Stephen Wilson, Barbara Casu, Claudia Girardone, Philip Molyneux

Research output: Contribution to journalArticlepeer-review

42 Citations (Scopus)

Abstract

This paper presents a review of the recent banking literature centred on the core themes of performance, risk and governance of financial institutions. We write this review against the backdrop of the recent financial crisis and the major changes it caused to banking sectors in many countries. Several themes emerge, but the overarching issue relates to the need to better understand bank risk-taking incentives and the implications for systemic stability. Specifically, there is a need for more work on: the role of safety net subsidies and how these relate to systemic risk; financial innovation and the adoption of new products and processes; and how innovative behaviour links to risk-taking, market returns and contagion. Future research could also be directed to provide a better understanding of the inter-connections between competition, capital, profitability, liquidity and risk.
Original languageEnglish
Pages (from-to)153-169
JournalBritish Accounting Review
Volume42
Issue number3
Early online date25 May 2010
DOIs
Publication statusPublished - Sept 2010

Keywords

  • Banking
  • Strategies
  • Performance
  • Market Structure
  • Risk
  • Governance

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