Curry, Timothy J.; Fissel, Gary S.; Hanweck, Gerald A. - In: Journal of Banking & Finance 32 (2008) 5, pp. 807-819
For market discipline to be effective, market factors such as changes in firm equity and debt values and returns, must influence firm decision making. In banking, this can occur directly via bank management or indirectly though supervisory examinations and oversight influencing bank management....