Hasan, Iftekhar; Siddique, Akhtar; Sun, Xian - In: Journal of Banking & Finance 50 (2015) C, pp. 475-492
The recent U.S. financial crisis and governmental bailout of financial institutions have intensified the debate on the need for effectively measuring and monitoring the financial institutions’ risks. This paper contributes to this discussion by introducing a market-based capital measurement...