We investigate the impact of bank capital, market discipline and charter value as bank disciplinary tools on both bank equity risk (systematic risk, total risk, and idiosyncratic risk) and default risk/credit risk. We analyse 218 listed banks across 15 Asia-Pacific countries, and find that bank...

The determinants of foreign bank profitability and commercial credit extension in the United States between 1987 and 1991 are simultaneously modelled. Overall the results indicate that capital strength, commercial and industrial loan growth and assets composition were important factors in...

There is little evidence to show that capital markets allocate capital to the most profitable uses. We bridge this gap by examining Indian IPOs. When market regulations are weak, more firms go public and firms with poor fundamentals raise more capital. Over time, primary markets do not...