Financial crisis and sectoral diversification of Argentine banks, 1999-2004

Autores
Bebczuk, Ricardo Néstor; Galindo, Arturo
Año de publicación
2005
Idioma
inglés
Tipo de recurso
documento de trabajo
Estado
versión enviada
Descripción
We explore the impact and evolution of loan portfolio diversification during the 2001-2002 Argentine financial crisis. Using a novel dataset that combines public information on the main activity of the largest 930 Argentine firms with their borrowing from each bank operating in the country during the 1999-2004 period, we find that banks did not modify much their loan portfolio mix as a response to the crisis, even though the econometric results point to a positive effect of sectoral diversification and lending to tradeable sectors on bank profitability and risk mitigation. Our results suggest that larger banks benefit more from diversification that smaller ones, and that the benefits of diversification are greater during the downside of the business cycle.
Departamento de Economía
Materia
Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by/3.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/3552
Acceder
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oai_identifier_str oai:sedici.unlp.edu.ar:10915/3552
network_acronym_str SEDICI
repository_id_str 1329
network_name_str SEDICI (UNLP)
spelling Financial crisis and sectoral diversification of Argentine banks, 1999-2004Bebczuk, Ricardo NéstorGalindo, ArturoCiencias Económicasfocus; diversification; bank risk; bank returnArgentinabancoscrisis económicaoperaciones financierasJEL: G20, G21, G28We explore the impact and evolution of loan portfolio diversification during the 2001-2002 Argentine financial crisis. Using a novel dataset that combines public information on the main activity of the largest 930 Argentine firms with their borrowing from each bank operating in the country during the 1999-2004 period, we find that banks did not modify much their loan portfolio mix as a response to the crisis, even though the econometric results point to a positive effect of sectoral diversification and lending to tradeable sectors on bank profitability and risk mitigation. Our results suggest that larger banks benefit more from diversification that smaller ones, and that the benefits of diversification are greater during the downside of the business cycle.Departamento de Economía2005info:eu-repo/semantics/workingPaperinfo:eu-repo/semantics/submittedVersionDocumento de trabajohttp://purl.org/coar/resource_type/c_8042info:ar-repo/semantics/documentoDeTrabajoapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/3552enginfo:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/doctrab/doc60.pdfinfo:eu-repo/semantics/altIdentifier/issn/1853-3930info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by/3.0/Creative Commons Attribution 3.0 Unported (CC BY 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-10-15T10:41:50Zoai:sedici.unlp.edu.ar:10915/3552Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-10-15 10:41:51.078SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title Financial crisis and sectoral diversification of Argentine banks, 1999-2004
spellingShingle Financial crisis and sectoral diversification of Argentine banks, 1999-2004
Bebczuk, Ricardo Néstor
Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
title_short Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_full Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_fullStr Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_full_unstemmed Financial crisis and sectoral diversification of Argentine banks, 1999-2004
title_sort Financial crisis and sectoral diversification of Argentine banks, 1999-2004
dc.creator.none.fl_str_mv Bebczuk, Ricardo Néstor
Galindo, Arturo
author Bebczuk, Ricardo Néstor
author_facet Bebczuk, Ricardo Néstor
Galindo, Arturo
author_role author
author2 Galindo, Arturo
author2_role author
dc.subject.none.fl_str_mv Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
topic Ciencias Económicas
focus; diversification; bank risk; bank return
Argentina
bancos
crisis económica
operaciones financieras
JEL: G20, G21, G28
dc.description.none.fl_txt_mv We explore the impact and evolution of loan portfolio diversification during the 2001-2002 Argentine financial crisis. Using a novel dataset that combines public information on the main activity of the largest 930 Argentine firms with their borrowing from each bank operating in the country during the 1999-2004 period, we find that banks did not modify much their loan portfolio mix as a response to the crisis, even though the econometric results point to a positive effect of sectoral diversification and lending to tradeable sectors on bank profitability and risk mitigation. Our results suggest that larger banks benefit more from diversification that smaller ones, and that the benefits of diversification are greater during the downside of the business cycle.
Departamento de Economía
description We explore the impact and evolution of loan portfolio diversification during the 2001-2002 Argentine financial crisis. Using a novel dataset that combines public information on the main activity of the largest 930 Argentine firms with their borrowing from each bank operating in the country during the 1999-2004 period, we find that banks did not modify much their loan portfolio mix as a response to the crisis, even though the econometric results point to a positive effect of sectoral diversification and lending to tradeable sectors on bank profitability and risk mitigation. Our results suggest that larger banks benefit more from diversification that smaller ones, and that the benefits of diversification are greater during the downside of the business cycle.
publishDate 2005
dc.date.none.fl_str_mv 2005
dc.type.none.fl_str_mv info:eu-repo/semantics/workingPaper
info:eu-repo/semantics/submittedVersion
Documento de trabajo
http://purl.org/coar/resource_type/c_8042
info:ar-repo/semantics/documentoDeTrabajo
format workingPaper
status_str submittedVersion
dc.identifier.none.fl_str_mv http://sedici.unlp.edu.ar/handle/10915/3552
url http://sedici.unlp.edu.ar/handle/10915/3552
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/http://www.depeco.econo.unlp.edu.ar/doctrab/doc60.pdf
info:eu-repo/semantics/altIdentifier/issn/1853-3930
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by/3.0/
Creative Commons Attribution 3.0 Unported (CC BY 3.0)
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/3.0/
Creative Commons Attribution 3.0 Unported (CC BY 3.0)
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:SEDICI (UNLP)
instname:Universidad Nacional de La Plata
instacron:UNLP
reponame_str SEDICI (UNLP)
collection SEDICI (UNLP)
instname_str Universidad Nacional de La Plata
instacron_str UNLP
institution UNLP
repository.name.fl_str_mv SEDICI (UNLP) - Universidad Nacional de La Plata
repository.mail.fl_str_mv alira@sedici.unlp.edu.ar
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score 13.22299

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