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What Promotes Japanese Regional Banks to Disclose Credit Ratings Voluntarily?

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  • Kondo, Kazumine
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    Abstract

    This paper examines what types of Japanese regional banks are more likely to obtain credit ratings at the present time when disclosures by financial institutions are becoming more and more important. We found that banks in more competitive markets, those that have larger assets, and those whose bad ratio is lower are more likely to disclose credit ratings. It was also revealed that regional banks in the same region (prefecture) as other banks that go bankrupt often feel it necessary to actively demonstrate their own solidness in the market by obtaining foreign credit ratings. We also analyzed whether regional banks that disclose more credit ratings succeed in obtaining financing from depositors. Our results indicate that regional banks that obtain more credit ratings, in particular foreign ratings, succeed in increasing their bank balances.

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    File URL: http://mpra.ub.uni-muenchen.de/20468/
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    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 20468.

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    Date of creation: Jan 2010
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    Handle: RePEc:pra:mprapa:20468

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    Related research

    Keywords: disclosure; credit ratings; market disciplines; scale of economies; bank balances.;

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    1. Cantor, Richard & Packer, Frank, 1997. "Differences of opinion and selection bias in the credit rating industry," Journal of Banking & Finance, Elsevier, Elsevier, vol. 21(10), pages 1395-1417, October.
    2. Poon, Winnie P. H., 2003. "Are unsolicited credit ratings biased downward?," Journal of Banking & Finance, Elsevier, Elsevier, vol. 27(4), pages 593-614, April.
    3. Mark M. Spiegel & Nobuyoshi Yamori, 2004. "Determinants of Voluntary Bank Disclosure: Evidence from Japanese Shinkin Banks," CESifo Working Paper Series 1135, CESifo Group Munich.
    4. Cargill, Thomas F. & Yoshino, Naoyuki, 2003. "Postal Savings and Fiscal Investment in Japan: The PSS and the FILP," OUP Catalogue, Oxford University Press, Oxford University Press, number 9780199257348, October.
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