Proceedings of the 2022 2nd International Conference on Computer Technology and Media Convergence Design (CTMCD 2022)

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Empirical Study of the Connection of Media Attention and Bank's Operating Risk in United States

Authors
Yao Tan1, 2, Zhining Zhang3, *
1School of Finance, Nankai University, Tianjin, 300350, China
2CRCC Financial Leasing Company, Tianjin, 300457, China
3School of Applied Economics, University of Chinese Academy of Social Sciences, Beijing, 102488, China
*Corresponding author. Email: b20211237006@ucass.edu.cn
Corresponding Author
Zhining Zhang
Available Online 17 December 2022.
DOI
10.2991/978-94-6463-046-6_60How to use a DOI?
Keywords
Media Attention; Financial Risk; Bank; NPLs
Abstract

Public opinions were proved to have effects on the financial risk. According to the previous theoretical explanations about the impact of polarized opinions on financial market, media attentions, as one of the primary representative indexes in public opinions, was assumed to be associated with financial risk by gathering warning information from various channels in markets. By introducing data of GDELT from Google, media attention was quantified as the frequency of reports containing certain keyword. The operational risk of U.S. banks was quantified by NPLs as used in numerous previous studies. Various regression models were set for analyzing the connection of media attention to the operational risk under a group of controlled macroeconomic parameters. Robust results were obtained from the above estimations supporting the early assumption on connecting media attentions to risk. In addition, the outcomes of the above quantitative analysis displayed the heterogeneous effects of media attention on risk of banks with different asserts.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Computer Technology and Media Convergence Design (CTMCD 2022)
Series
Advances in Computer Science Research
Publication Date
17 December 2022
ISBN
978-94-6463-046-6
ISSN
2352-538X
DOI
10.2991/978-94-6463-046-6_60How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yao Tan
AU  - Zhining Zhang
PY  - 2022
DA  - 2022/12/17
TI  - Empirical Study of the Connection of Media Attention and Bank's Operating Risk in United States
BT  - Proceedings of the 2022 2nd International Conference on Computer Technology and Media Convergence Design (CTMCD 2022)
PB  - Atlantis Press
SP  - 510
EP  - 518
SN  - 2352-538X
UR  - https://doi.org/10.2991/978-94-6463-046-6_60
DO  - 10.2991/978-94-6463-046-6_60
ID  - Tan2022
ER  -