THE IMPACT OF PUBLIC LISTING ON BANK PROFITABILITY

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Miri Park , Hyeonji Song , Jijun Niu

https://doi.org/10.22495/cocv15i4art5

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Abstract

This paper examines the impact of public listing on bank profitability. Using a large sample of US banks, we find that the impact depends on bank size. Specifically, for small and medium-sized banks, the public listing has a negative impact on profitability. In contrast, for large banks, the impact is positive. Our results are consistent with theories predicting that the net benefit of public listing increases with firm size.

Keywords: Bank, Public Listing, Profitability.

JEL Classification: G21, G32

Received: 08.05.2018

Accepted: 22.06.2018

Published online: 05.07.2018

How to cite this paper: Park, M., Song, H., & Niu, J. (2018). The impact of public listing on bank profitability. Corporate Ownership & Control, 15(4), 58-63. https://doi.org/10.22495/cocv15i4art5