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Do capital markets predict problems in large commercial banks
3 references·5 citing·34 second hop
Do capital markets predict problems in large commercial banks (1991)Do capital markets predict problems in la…The Adjustment of Stock Prices to New Information (2003)The Adjustment of Stock Price…Potential Insolvency, Market Efficiency, and Bank Regulation of Large Commercial Banks (1980)Potential Insolvency, Market …Establishing On-Site Bank Examination Priorities: An Early-Warning System Using Accounting and Market Information (1980)Establishing On-Site Bank Exa…An Empirical Investigation of the Financial Reporting Practices and Banks’ Stability in Nigeria (2013)An Empirical Investigation of…Regulator Use of Market Data to Improve the Identification of Bank Financial Distress (2002)Regulator Use of Market Data …Further Evidence on the Information Content of Bank Examination Ratings: A Study of BHC-to-FHC Conversion Applications (2001)Further Evidence on the Infor…Some Lessons for Regulation from Recent Bank Crises (2000)Some Lessons for Regulation f…Bank Rating Changes and Bank Stock Returns—Puzzling Evidence from the Emerging Markets (1999)Bank Rating Changes and Bank …Estimating betas from nonsynchronous data (1977)Do Managerial Objectives Drive Bad Acquisitions? (1990)Rating Banks: Risk and Uncertainty in an Opaque Industry (2002)Bank Diversification and Lending Resiliency (2022)FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY (1968)Limited-dependent and qualitative variables in econometrics (1983)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)The market’s view on the probability of banking sector failure: cross-country comparisons (2004)Market Discipline and the Use of Stock Market Data to Predict Bank Financial Distress (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Market Discipline of Bank Risk: Theory and Evidence (1990)The Changing Relationship Between CAMEL Ratings and Bank Soundness during the Indonesian Banking Crisis (2002)The Effectiveness of Capital Adequacy Measures in Predicting Bank Distress (2012)Dividend Policy, Growth, and the Valuation of Shares (1961)The Behavior of Stock-Market Prices (1965)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Risk, Return, and Equilibrium: Empirical Tests (1973)Efficient Capital Markets: II (1991)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Towards a Positive Theory of the Determination of Accounting Standards. (1978)Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Audit quality, board gender and financial risk disclosure (2016)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Sub-debt Yield Spreads as Bank Risk Measures (2001)How good is the market at assessing bank fragility? A horse race between different indicators (2002)Estimating systemic risk in the international financial system (2007)The effect of bond rating changes on common stock prices (1986)The Effect of Bond Rating Agency Announcements on Bond and Stock Prices (1992)Event Studies in Economics and Finance (1997)Deposit Insurance, Risk, and Market Power in Banking (1988)The Twin Crises: The Causes of Banking and Balance-of-Payments Problems (1996)Economic Crises: Evidence and Insights from East Asia (1998)Credit Booms in Developing Countries: Are They Different from Those in Advanced and Emerging Market Countries? (2016)
this work references cited by second hop

References

  • 2003The Adjustment of Stock Prices to New Information3,063 cited
  • 1980Establishing On-Site Bank Examination Priorities: An Early-Warning System Using Accounting and Market Information176 cited
  • 1980Potential Insolvency, Market Efficiency, and Bank Regulation of Large Commercial Banks82 cited

Cited by

  • 2002Regulator Use of Market Data to Improve the Identification of Bank Financial Distress31 cited
  • 2000Some Lessons for Regulation from Recent Bank Crises28 cited
  • 1999Bank Rating Changes and Bank Stock Returns—Puzzling Evidence from the Emerging Markets27 cited
  • 2001Further Evidence on the Information Content of Bank Examination Ratings: A Study of BHC-to-FHC Conversion Applications27 cited
  • 2013An Empirical Investigation of the Financial Reporting Practices and Banks’ Stability in Nigeria24 cited

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