Flannery, Mark J.; Kwan, Simon H.; Nimalendran, … - In: Journal of Financial Intermediation 22 (2013) 1, pp. 55-84
Doubts about the accuracy with which outside investors can assess a banking firm’s value motivate many government interventions in the banking market. Although the available empirical evidence is somewhat mixed, the recent financial crisis has reinforced a common assessment that banks are...