Market Discipline of Banks: The Asset Test
By Donald P. Morgan, Kevin J. Stiroh. 2001
234 citations recorded by the source corpus.
Subfields: Accounting, Finance
View Paper: https://www.semanticscholar.org/paper/9d9beacc9d14b91313944a832adca60ae6f928c6
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
In Finance
Citations in the corpus
- Determinants of Capital Structure Empirical Evidence from Financial Services Listed Firms in China (2012, unknown): “…on the market view, banks’ capital structures are the outcome of pressures emanating from shareholders, debt holders and depositors (Flannery and Sorescu, 1996, Morgan and Stiroh, 2001, Martinez Peria and Schmuckler, 2001, Calomiris and Wilson, 2004, Ashcraft, 2008, and Flannery and Rangan, 2008).”
- Testing for Market Discipline in the European Banking Industry: Evidence from Subordinated Debt Issues (2000, unknown): “Using data on nearly 500 bank bonds issued between 1993 and 1998, Morgan and Stiroh (2001) investigated the effect of a bank’s asset portfolio composition on the issuance spread required by investors.”
- Who Disciplines Bank Managers? (2009, unknown): “…include dividend volatility and a dummy variable for reductions in dividend 23 This result in consistent with the literature on subordinated debt (Flannery and Sorescu, 1996; Covitz, Hancock, and Kwast, 2004; Evanoff and Wall, 2001; Morgan and Stiroh, 2001; Hancock and Kwast, 2001; Sironi, 2001).”
- Dynamic Depositor Discipline in U.S. Banks (2003, background): “…to discipline bank behavior by pricing banks’ uninsured debt according to their risk has gathered significant attention (Evanoff and Wall, 2001, Morgan and Stiroh, 2001, Hancock and Kwast, 2001, and Sironi, 2003).10 Another approach, the quantity-based approach, examines whether depositors…”
- The Determinants of Bank Capital Structure (2010, unknown): “…on the market view, banks’ capital structures are the outcome of pressures emanating from shareholders, debt holders and depositors (Flannery and Sorescu, 1996, Morgan and Stiroh, 2001, Martinez Peria and Schmuckler, 2001, Calomiris and Wilson, 2004, Ashcraft, 2008, and Flannery and Rangan, 2008).”
- Liquidity, Bank Runs and Bailouts: Spillover Effects during the Northern Rock Episode (2010, unknown): “3 These studies use a variety of indicators such as intertemporal correlation of bank failures (Hasan and Dwyer 1994; Schoenmaker 1996), bank debt risk premiums (Carron 1982; Saunders 1987; Cooperman et al. 1992; Jayanti and Whyte 1996; Morgan and Stiroh 2001 ), deposit flows (Saunders 1987; Saunde”