CEO risk-culture, bank stability and the case of the Silicon Valley Bank
通过分析2002至2023年美国160家银行控股公司的电话会议记录，构建CEO风险文化指标，并以硅谷银行倒闭为例，发现CEO风险文化中的负面指标会降低银行稳定性。
We examine the link between CEO risk-culture and bank stability. Using textual analysis, we construct novel bank CEO risk-culture indicators by analysing Earning Calls transcripts (EC) of 160 US Bank Holding Companies (BHC) for the period between 2002 and 2023. We illustrate and discuss our findings using the case of the recently collapsed Silicon Valley Bank (SVB). We observe a weaker emphasis on governance by SVB in comparison to the benchmark sample. We also show an alignment between CEO risk-culture of SVB and other banks’ CEOs with the highest uninsured deposits, including the later collapsed First Republic Bank. Finally, our regression analysis shows that negative metrics of the CEO risk-culture decrease bank stability.