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Market Discipline and the Use of Stock Market Data to Predict Bank Financial Distress

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Author Info

  • Isabelle Distinguin
  • Philippe Rous
  • Amine Tarazi

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Abstract

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File URL: http://hdl.handle.net/10.1007/s10693-0016-6
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Bibliographic Info

Article provided by Springer in its journal Journal of Financial Services Research.

Volume (Year): 30 (2006)
Issue (Month): 2 (October)
Pages: 151-176

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Handle: RePEc:kap:jfsres:v:30:y:2006:i:2:p:151-176

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Web page: http://www.springerlink.com/link.asp?id=102934

Related research

Keywords: Bank; market discipline; bank risk; market prices; G21; G28;

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References

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Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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  1. Daniel Goyeau & Alain Sauviat & Amine Tarazi, 2001. "Marché financier et évaluation du risque bancaire. Les agences de notation contribuent-elles à améliorer la discipline de marché ?," Revue économique, Presses de Sciences-Po, vol. 52(2), pages 265-283.
  2. Allen N. Berger & Sally M. Davies & Mark J. Flannery, 2000. "Comparing market and supervisory assessments of bank performance: who knows what when?," Proceedings, Federal Reserve Bank of Cleveland, pages 641-670.
  3. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-54, May-June.
  4. Crouzille, Celine & Lepetit, Laetitia & Tarazi, Amine, 2004. "Bank stock volatility, news and asymmetric information in banking: an empirical investigation," Journal of Multinational Financial Management, Elsevier, vol. 14(4-5), pages 443-461.
  5. Gropp, Reint & Vesala, Jukka & Vulpes, Giuseppe, 2002. "Equity and bond market signals as leading indicators of bank fragility," Working Paper Series 0150, European Central Bank.
  6. Billett, Matthew T. & Garfinkel, Jon A. & O'Neal, Edward S., 1998. "The cost of market versus regulatory discipline in banking," Journal of Financial Economics, Elsevier, vol. 48(3), pages 333-358, June.
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Citations

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Cited by:
  1. Andrievskaya, Irina & Semenova , Maria, 2013. "Market discipline and the Russian interbank market," BOFIT Discussion Papers 29/2013, Bank of Finland, Institute for Economies in Transition.
  2. Isabelle Distinguin & Philippe Rous & Amine Tarazi, 2006. "Contrôle prudentiel et détection des difficultés financières des banques. Quel est l'apport de l'information de marché ?," Revue économique, Presses de Sciences-Po, vol. 57(3), pages 497-506.
  3. Albulescu Claudiu Tiberiu & Coroiu Sorina Ioana, 2009. "Early Warning System For The Romanian Banking Sector: The Caampl Approach," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 3(1), pages 458-466, May.
  4. Isabelle Distinguin & Amine Tarazi & Jocelyn Trinidad, 2011. "The use of accounting and stock market data to predict bank financial distress: the case of East Asian banks," Post-Print hal-00785449, HAL.
  5. Eichler, Stefan & Karmann, Alexander & Maltritz, Dominik, 2010. "Deriving the term structure of banking crisis risk with a compound option approach: The case of Kazakhstan," Discussion Paper Series 2: Banking and Financial Studies 2010,01, Deutsche Bundesbank, Research Centre.
  6. Akhigbe, Aigbe & Madura, Jeff & Marciniak, Marek, 2012. "Bank capital and exposure to the financial crisis," Journal of Economics and Business, Elsevier, vol. 64(5), pages 377-392.
  7. Chen, Sichong, 2011. "Capital ratios and the cross-section of bank stock returns: Evidence from Japan," Journal of Asian Economics, Elsevier, vol. 22(2), pages 99-114, April.
  8. Tristan Auvray & Olivier Brossard, 2010. "Too dispersed to monitor? Ownership dispersion, monitoring and the prediction of bank distress," Working Papers hal-00638913, HAL.
  9. Olivier BROSSARD (LEREPS-GRES ) & Frédéric DUCROZET (PSE - Crédit Agricole) & Adrian ROCHE (EconomiX - Crédit Agricole), 2007. "An Early Warning Model for EU banks with Detection of the Adverse Selection Effect," Cahiers du GRES 2007-08, Groupement de Recherches Economiques et Sociales.
  10. Helder Mendonça & Renato Villela Loures, 2009. "Market discipline in the Brazilian banking industry: an analysis for the subordinated debt holders," Journal of Regulatory Economics, Springer, vol. 36(3), pages 286-307, December.

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