Creditor rights, information sharing, and bank risk taking

By Joel F. Houston, Chen Lin, Ping Lin, Yue Ma. 2010

898 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/8219199a91083524b28fb89c0422c92af0d7cc0f

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Citations in the corpus

Financial Innovation: The Bright and the Dark Sides (2016, neutral): “Laeven and Levine, 2009; Houston et al., 2010; Demirguc-Kunt and Huizinga, 2010 ). Since the Z -score is highly skewed, we follow Laeven and Levine (2009) and use the natural logarithm of the Z -score as the risk measure.”
Effects of culture on firm risk-taking: a cross-country and cross-industry analysis (2012, neutral): “This paper follows Huang (2008) in developing for each industry an index measuring the amount of private information available, or inversely, the informational opacity of each industry. Huang (2008) uses Durnev et al.”
The relationship between banking market competition and risk-taking: Do size and capitalization matter? (2012, result): “Many other studies evaluating bank risk-taking behavior also use this measure, which confirms its acceptance in the literature (Mercieca et al., 2007; Laeven and Levine, 2009; Houston et al., 2010; Demirguc-Kunt and Huizinga, 2010a).”
Information Asymmetry and Financial Development Dynamics in Africa (2016, neutral): “Second, the discussed literature above, as well as recent information sharing (Houston et al., 2010) and IA (Ivashina, 2009; Tanjung et al.”
Taxes and Bank Capital Structure (2016, positive): “Following up on the seminal work of Modigliani and Miller (1958), both Stiglitz (1973) and King (1974) theoretically showed that tax shields have an impact on corporate capital structures, and thus ultimately on financial stability.”
Directors’ and Officers’ Liability Insurance and Acquisition Outcomes (2011, neutral): “14 Similar measure has been used in other recent studies such as Barth, Lin, Lin, and Song (2009) and Houston, Lin, Lin, and Ma (2010). investors are better informed and more capable monitors (Shleifer and Vishny, 1997; Grinstein and Michaely, 2005).”
Influence of National Culture on Accounting Conservatism and Risk Taking in the Banking Industry (2014, neutral): “In comparison, the mean values reported in Houston et al. (2011) for these three variables are 0.012, 0.015 and 3.240, respectively, and the mean values for σ(ROA) and z-score in Laeven and Levine (2009) are 0.”
Does the impact of board independence on large bank risks change after the global financial crisis (2017, methodology): “Our accounting measure of risk is a bank’s Z-Score, a widely used indicator of bank insolvency risk and risk-taking (see Beck et al., 2013; Boyd and Runkle, 1993; Houston et al., 2010; Laeven and Levine, 2009).”
Ownership Structure and the Cost of Corporate Borrowing (2011, neutral): “The 9 East Asian countries (regions) include Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, and Thailand. characteristics, such as firm size, profitability, market-to-book ratio, tangibility, cash flow volatility, etc. 13”
Banking stability determinants in Africa (2018, neutral): “Laeven and Levine (2009), Houston et al (2010), Beck et al (2013) and Fernández, González and Suárez (2016), among others, have recently used the natural logarithm of Z-score as a proxy for bank insolvency risk when measuring banking stability.”