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The End of Market Discipline? Investor Expectations of Implicit State Guarantees
16 references·8 citing·47 second hop
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this work references cited by second hop

References

  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 1984Financial Intermediation and Delegated Monitoring8,393 cited
  • 1952Safety First and the Holding of Assets2,537 cited
  • 1997Inside the black box: What explains differences in the efficiencies of financial institutions?2,283 cited
  • 2008In Search of Distress Risk2,232 cited
  • 2008Forecasting Default with the Merton Distance to Default Model2,220 cited
  • 2004Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market2,087 cited
  • 2002Does deposit insurance increase banking system stability? An empirical investigation1,373 cited
  • 2004Assessing the Probability of Bankruptcy1,357 cited
  • 2003Equity Volatility and Corporate Bond Yields1,194 cited
  • 2010The quality of accounting information in politically connected firms1,186 cited
  • 2012Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks1,157 cited
  • 2009The fundamental principles of financial regulation1,116 cited
  • 1997Diversification, Size, and Risk at Bank Holding Companies1,092 cited
  • 2006Is there a diversification discount in financial conglomerates?

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1,074 cited
  • 1993Size and performance of banking firms826 cited
  • Cited by

    • 2016A Review of Bank Funding Cost Differentials51 cited
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    • 2020Equity Is Cheap for Large Financial Institutions42 cited
    • 2014Do banks’ internal Basel risk estimates reflect risk?40 cited
    • 2016Deposit Rate Advantages at the Largest Banks38 cited
    • 2019Bank Risk Dynamics and Distance to Default32 cited
    • 2018On the incidence of bank levies: theory and evidence29 cited
    • 2021Debt holder monitoring and implicit guarantees: Did the BRRD improve market discipline?26 cited