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What Promotes Japanese Regional Banks to Disclose Credit Ratings Voluntarily?


  • Kondo, Kazumine


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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  • Kondo, Kazumine, 2010. "What Promotes Japanese Regional Banks to Disclose Credit Ratings Voluntarily?," MPRA Paper 20468, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:20468

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    References listed on IDEAS

    1. Mark M. Spiegel & Nobuyoshi Yamori, 2003. "Determinants of voluntary bank disclosure: evidence from Japanese Shinkin banks," Pacific Basin Working Paper Series 03-03, Federal Reserve Bank of San Francisco.
    2. Poon, Winnie P. H., 2003. "Are unsolicited credit ratings biased downward?," Journal of Banking & Finance, Elsevier, vol. 27(4), pages 593-614, April.
    3. Cargill, Thomas F. & Yoshino, Naoyuki, 2003. "Postal Savings and Fiscal Investment in Japan: The PSS and the FILP," OUP Catalogue, Oxford University Press, number 9780199257348.
    4. Cantor, Richard & Packer, Frank, 1997. "Differences of opinion and selection bias in the credit rating industry," Journal of Banking & Finance, Elsevier, vol. 21(10), pages 1395-1417, October.
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    More about this item


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

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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