FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W636701864> ?p ?o ?g. }

• W636701864 abstract "This research empirically investigates how and to what extent bank subordinated debt plays a role in providing market discipline whereby the private sector is deployed to monitor and influence bank risk taking, hence complement government supervision and regulation of banks. The study comprises four essays on the use of subordinated debt as an instrument for creating direct and indirect market discipline, with specific reference to the case of the UK banking industry. Broadly, Chapters 2, 3 and 4 examine the effectiveness of subordinated debt as an instrument of direct market discipline; Chapter 5 approaches the issue of indirect market discipline. First, we analyse whether the risk premiums or yield spreads of subordinated debt indicate banks’ financial health. Our results show that yield spreads contain timely and accurate information on issuing banks’ risk taking, and this underpins the proposals that advocate forcing large financial institutions to issue subordinated debt to the public on a regular basis. Then we examine whether the issued subordinated debt and its price have any impact on banks’ performance. The results have positive signs, implying that the signalling and influencing effects of subordinated debt can induce banks to act prudently and restrain them from assuming unsound risk. However, the final chapter finds that the UK financial regulator, the Financial Services Authority (FSA) has little enthusiasm for utilizing the subordinated debt to indirectly discipline financial institutions. This reflects the FSA’s doubt as to the usefulness of the market in providing disciplining effects. In contrast, the evidence documented in this research shows that the subordinated market proves to be sensitive to bank risk, and banks do respond to market information, hence it can be an effective mechanism for generating useful market discipline. In reforming the financial regulation regime, adding new regulations to the old is therefore not the best way forward. Rather, priority should be given to reforming the paradigm of financial regulation by allowing more room for the subordinated market to discipline the regulators to take more prompt and rigorous corrective actions." @default.
• W636701864 created "2016-06-24" @default.
• W636701864 creator A5031092494 @default.
• W636701864 date "2013-01-01" @default.
• W636701864 modified "2023-09-23" @default.
• W636701864 title "Subordinated Debt and Market Discipline – Evidence from the UK Banking Industry" @default.
• W636701864 cites W101223376 @default.
• W636701864 cites W123313114 @default.
• W636701864 cites W1490757898 @default.
• W636701864 cites W1508004821 @default.
• W636701864 cites W1511821581 @default.
• W636701864 cites W1524417992 @default.
• W636701864 cites W1536294431 @default.
• W636701864 cites W1545257113 @default.
• W636701864 cites W1546758628 @default.
• W636701864 cites W1548545654 @default.
• W636701864 cites W1559788780 @default.
• W636701864 cites W1564475714 @default.
• W636701864 cites W1580258408 @default.
• W636701864 cites W1583396642 @default.
• W636701864 cites W1598327845 @default.
• W636701864 cites W1603595353 @default.
• W636701864 cites W1932504107 @default.
• W636701864 cites W1965381571 @default.
• W636701864 cites W1968929206 @default.
• W636701864 cites W1974454796 @default.
• W636701864 cites W1978573331 @default.
• W636701864 cites W1981262366 @default.
• W636701864 cites W1983961430 @default.
• W636701864 cites W1985135132 @default.
• W636701864 cites W1985854405 @default.
• W636701864 cites W1987733032 @default.
• W636701864 cites W1998641731 @default.
• W636701864 cites W2001402173 @default.
• W636701864 cites W2006804758 @default.
• W636701864 cites W2008301397 @default.
• W636701864 cites W2009608386 @default.
• W636701864 cites W2010010254 @default.
• W636701864 cites W2012834653 @default.
• W636701864 cites W2015128407 @default.
• W636701864 cites W2017826184 @default.
• W636701864 cites W2025610165 @default.
• W636701864 cites W2026875297 @default.
• W636701864 cites W2033834012 @default.
• W636701864 cites W2034292639 @default.
• W636701864 cites W2035233199 @default.
• W636701864 cites W2039690424 @default.
• W636701864 cites W2039987590 @default.
• W636701864 cites W2041414737 @default.
• W636701864 cites W2041459297 @default.
• W636701864 cites W2043058119 @default.
• W636701864 cites W2047925898 @default.
• W636701864 cites W2048113651 @default.
• W636701864 cites W2051957391 @default.
• W636701864 cites W2054363483 @default.
• W636701864 cites W2058759559 @default.
• W636701864 cites W2061376146 @default.
• W636701864 cites W2062472270 @default.
• W636701864 cites W2066368280 @default.
• W636701864 cites W2066956110 @default.
• W636701864 cites W2068804530 @default.
• W636701864 cites W2075601046 @default.
• W636701864 cites W2076050411 @default.
• W636701864 cites W2077791698 @default.
• W636701864 cites W2084582551 @default.
• W636701864 cites W2092850591 @default.
• W636701864 cites W2093093881 @default.
• W636701864 cites W2094021586 @default.
• W636701864 cites W2096418800 @default.
• W636701864 cites W2105973145 @default.
• W636701864 cites W2120890063 @default.
• W636701864 cites W2123637674 @default.
• W636701864 cites W2128550548 @default.
• W636701864 cites W2128559573 @default.
• W636701864 cites W2129281726 @default.
• W636701864 cites W2130184489 @default.
• W636701864 cites W2136906466 @default.
• W636701864 cites W2153101019 @default.
• W636701864 cites W2159399832 @default.
• W636701864 cites W2165053060 @default.
• W636701864 cites W2166774142 @default.
• W636701864 cites W2189135601 @default.
• W636701864 cites W2247362964 @default.
• W636701864 cites W2483142320 @default.
• W636701864 cites W2506051190 @default.
• W636701864 cites W2992946909 @default.
• W636701864 cites W3022716229 @default.
• W636701864 cites W3121135700 @default.
• W636701864 cites W3121233618 @default.
• W636701864 cites W3121292091 @default.
• W636701864 cites W3122394560 @default.
• W636701864 cites W3123070298 @default.
• W636701864 cites W3123264265 @default.
• W636701864 cites W3123659985 @default.
• W636701864 cites W3123829312 @default.
• W636701864 cites W3124350446 @default.
• W636701864 cites W3124904556 @default.
• W636701864 cites W3125168868 @default.
• W636701864 cites W3125346872 @default.
• W636701864 cites W3125526999 @default.

• next