Search Results
Conference Paper
Efficient banking under interstate branching
Conference Paper
Measuring the efficiency of capital allocation in commercial banking
Conference Paper
Recent trends in bank loan syndications: evidence for 1995-1999
Conference Paper
Managerial incentives and the efficiency of capital structure
Conference Paper
Recovering banking technologies when managers are not risk-neutral.
Conference Paper
Could publication of bank CAMEL ratings improve market discipline?
Working Paper
The informational advantage of specialized monitors: the case of bank examiners
Large commercial banking firms are monitored by specialized private sector monitors and by specialized government examiners. Previous research suggests that bank exams produce little useful information that is not already reflected in market prices. In this article, we apply a new research methodology to a unique data set, and find that government exams of large national banks produce significant new information which financial markets do not fully internalize for several additional months. Our results indicate that specialized government monitors can identify value-relevant information about ...
Journal Article
Is there a natural rate of unemployment?