Whilst the ongoing banking regulatory reforms towards a comprehensive Basel III framework emphasise bank transparency …, disclosure and a competitive banking market environment, very little is known about the empirical relationship between bank … opacity and banking competition. We investigate the impact of competition, as measured by the individual bank's pricing power …

absolute forecast error and disagreement among analysts about bank earnings per share. The results are stronger in banks …-based (IRB) models on bank opacity. We find that a more intensive implementation of these models is associated with lower … adopting the advanced version of IRB models. In these banks the negative effect of non-performing loans on bank transparency is …

Forecast improvements can be expected if the two partners involved in a brokerage merger pool information and expertise … forecast improvements after the mergers. At the brokerage-level, we find that for two of the four mergers, forecast … brokerage. At the analyst-level, we find only weak evidence of forecast improvements after the merger. However, we find evidence …

discovery literature – that captures how quickly the daily consensus analyst earnings forecast approaches the actual earnings as …