Conference Paper
Could publication of bank CAMEL ratings improve market discipline?
Lang, William W.; Flannery, Mark J.; Sorescu, Sorin M.; DeYoung, Robert (1998)
Proceedings , Paper 600

Working Paper
The informational advantage of specialized monitors: the case of bank examiners
DeYoung, Robert; Flannery, Mark J.; Lang, William W.; Sorescu, Sorin M. (1998)
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 ...
Working Paper Series , Paper WP-98-4

Conference Paper
Pricing bank default risk in subordinated debenture yields.
Sorescu, Sorin M.; Flannery, Mark J. (1995)
Proceedings , Paper 470