DC Field | Value | Language |
---|---|---|
dc.contributor.author | Shin, Sang-Ook | ko |
dc.contributor.author | Min, Hong Ghi | ko |
dc.contributor.author | McDonald Judith | ko |
dc.date.accessioned | 2015-06-25T06:42:58Z | - |
dc.date.available | 2015-06-25T06:42:58Z | - |
dc.date.created | 2014-12-15 | - |
dc.date.created | 2014-12-15 | - |
dc.date.issued | 2014-09 | - |
dc.identifier.citation | Journal of Financial Risk Management, v.3, no.3, pp.78 - 95 | - |
dc.identifier.issn | 2167-9533 | - |
dc.identifier.uri | http://hdl.handle.net/10203/199144 | - |
dc.description.abstract | Using US commercial bank data over the period 2000 to 2008, we examine how the issuance of subordinated debt (SND) affects bank risk-taking and stability, efficiency, and deposit and loan growth rates. We identify the channels by which these effects occur and, using fixed- and random-effects models and system-GMM estimations, we provide evidence that supports these channels. As SND as a percentage of total liabilities rises, bank risk-taking falls. SNDs not only improve banks’ market discipline by directly reducing non-performing loans, but by leading to reduced overhead costs, and SNDs also boost banks’ efficiency and stability. Our results are robust under different model specifications and estimation methodologies. | - |
dc.language | English | - |
dc.publisher | Scientific Research Publishing Inc | - |
dc.title | The Market-Discipline Effects of Subordinated Debt: Enhanced US Commercial Banking-Sector Efficiency and Stability | - |
dc.type | Article | - |
dc.type.rims | ART | - |
dc.citation.volume | 3 | - |
dc.citation.issue | 3 | - |
dc.citation.beginningpage | 78 | - |
dc.citation.endingpage | 95 | - |
dc.citation.publicationname | Journal of Financial Risk Management | - |
dc.identifier.doi | 10.4236/jfrm.2014.33009 | - |
dc.contributor.localauthor | Min, Hong Ghi | - |
dc.contributor.nonIdAuthor | Shin, Sang-Ook | - |
dc.contributor.nonIdAuthor | McDonald Judith | - |
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