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Determinants of Voluntary Bank Disclosure: Evidence from Japanese Shinkin Banks
Spiegel, Mark M.; Yamori, Nobuyoshi - CESifo - 2004
Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the … determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of … disclosure by Japanese Shinkin banks in 1996 and 1997. This period is unique because disclosure of non-performing loans was …
Persistent link: https://www.econbiz.de/10005406090
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Communicating Subjective Evaluations
Lang, Matthias - CESifo - 2014
Should principals explain and justify their evaluations? Suppose the principal’s evaluation is private information, but she can provide justification by sending a costly cheap-talk message. If she does not provide justification, her message space is restricted, but the message is costless. I...
Persistent link: https://www.econbiz.de/10010781550
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Strategic Complementarity, Fragility, and Regulation
Vives, Xavier - CESifo - 2011
disclosure or introducing a derivatives market may backfire, aggravating fragility (in particular when the asset side of a … financial intermediary is opaque); the regulator should set together disclosure and prudential policy. The model is applied to …
Persistent link: https://www.econbiz.de/10009144883