메뉴 건너뛰기




Volumn 21, Issue 4, 1997, Pages 509-527

Banks' changing incentives and opportunities for risk taking

Author keywords

Charter value; Regulation; Risk taking

Indexed keywords


EID: 0031116728     PISSN: 03784266     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0378-4266(96)00052-0     Document Type: Article
Times cited : (112)

References (25)
  • 2
    • 38249039102 scopus 로고
    • Access to deposit insurance, insolvency rules and the stock returns of financial institutions
    • Brickley, J.A. and C.M. James, 1986, Access to deposit insurance, insolvency rules and the stock returns of financial institutions, Journal of Financial Economics 16, 345-371.
    • (1986) Journal of Financial Economics , vol.16 , pp. 345-371
    • Brickley, J.A.1    James, C.M.2
  • 3
    • 84977433670 scopus 로고
    • Federal deposit insurance, regulatory policy, and optimal bank capital
    • Buser, S.A., A.H. Chen and E.J. Kane, 1981, Federal deposit insurance, regulatory policy, and optimal bank capital, Journal of Finance 36, 51-60.
    • (1981) Journal of Finance , vol.36 , pp. 51-60
    • Buser, S.A.1    Chen, A.H.2    Kane, E.J.3
  • 4
    • 49049143130 scopus 로고
    • The stochastic behavior of common stock variances: Value, leverage and interest rate effects
    • Christie, A.A., 1982, The stochastic behavior of common stock variances: Value, leverage and interest rate effects, Journal of Financial Economics 10, 407-432.
    • (1982) Journal of Financial Economics , vol.10 , pp. 407-432
    • Christie, A.A.1
  • 5
    • 21844519267 scopus 로고
    • A simple approximation of Tobin's q
    • Chung, K.H. and S.W. Pruitt, 1994, A simple approximation of Tobin's q, Financial Management 23, 70-74.
    • (1994) Financial Management , vol.23 , pp. 70-74
    • Chung, K.H.1    Pruitt, S.W.2
  • 6
    • 84987470883 scopus 로고
    • Financial innovation, investment opportunities, and corporate policy choices for large bank holding companies
    • Collins, M.C., D.W. Blackwell and J.F. Sinkey, Jr., 1994, Financial innovation, investment opportunities, and corporate policy choices for large bank holding companies, Financial Review 29, 223-247.
    • (1994) Financial Review , vol.29 , pp. 223-247
    • Collins, M.C.1    Blackwell, D.W.2    Sinkey J.F., Jr.3
  • 8
    • 84974277543 scopus 로고
    • Explanations for the instability of equity beta: Risk-free rate changes and leverage effects
    • DeJong, D.V. and D.W. Collins, 1985, Explanations for the instability of equity beta: Risk-free rate changes and leverage effects, Journal of Financial and Quantitative Analysis 20, 73-94.
    • (1985) Journal of Financial and Quantitative Analysis , vol.20 , pp. 73-94
    • DeJong, D.V.1    Collins, D.W.2
  • 9
    • 33749030268 scopus 로고
    • The option pricing model and the risk factor of stock
    • Galai, D. and R.W. Masulis, 1976, The option pricing model and the risk factor of stock, Journal of Financial Economics 3, 53-81.
    • (1976) Journal of Financial Economics , vol.3 , pp. 53-81
    • Galai, D.1    Masulis, R.W.2
  • 10
    • 43949176471 scopus 로고
    • Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies
    • Gaver, J.J. and K.M. Gaver, 1993, Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies, Journal of Accounting and Economics 16, 125-160.
    • (1993) Journal of Accounting and Economics , vol.16 , pp. 125-160
    • Gaver, J.J.1    Gaver, K.M.2
  • 11
    • 21844503086 scopus 로고
    • Compensation policy and the investment opportunity set
    • Gaver, J.J. and K.M. Gaver, 1995, Compensation policy and the investment opportunity set, Financial Management 24, 19-32.
    • (1995) Financial Management , vol.24 , pp. 19-32
    • Gaver, J.J.1    Gaver, K.M.2
  • 12
    • 0001685353 scopus 로고
    • The effect of the firm's capital structure on the systematic risk of common stocks
    • Hamada, R.S., 1972, The effect of the firm's capital structure on the systematic risk of common stocks, Journal of Finance 27, 435-452.
    • (1972) Journal of Finance , vol.27 , pp. 435-452
    • Hamada, R.S.1
  • 13
    • 0000244607 scopus 로고
    • Risk-shifting incentives of depository institutions: A new perspective on federal deposit insurance reform
    • John, K., T.A. John and L.W. Senbet, 1991, Risk-shifting incentives of depository institutions: A new perspective on federal deposit insurance reform, Journal of Banking and Finance 15, 895-915.
    • (1991) Journal of Banking and Finance , vol.15 , pp. 895-915
    • John, K.1    John, T.A.2    Senbet, L.W.3
  • 14
    • 51249173439 scopus 로고
    • Change in market assessments of deposit institution riskiness
    • Kane, E.J. and H. Unal, 1988, Change in market assessments of deposit institution riskiness, Journal of Financial Services Research 1, 207-229.
    • (1988) Journal of Financial Services Research , vol.1 , pp. 207-229
    • Kane, E.J.1    Unal, H.2
  • 15
    • 84977719684 scopus 로고
    • Modeling structural and temporal variation in the market's valuation of banking firms
    • Kane, E.J. and H. Unal, 1990, Modeling structural and temporal variation in the market's valuation of banking firms, Journal of Finance 45, 113-136.
    • (1990) Journal of Finance , vol.45 , pp. 113-136
    • Kane, E.J.1    Unal, H.2
  • 16
  • 17
    • 85017170119 scopus 로고
    • Deposit insurance, risk, and market power in banking
    • Keeley, M.C., 1990, Deposit insurance, risk, and market power in banking, American Economic Review 80, 1183-1200.
    • (1990) American Economic Review , vol.80 , pp. 1183-1200
    • Keeley, M.C.1
  • 18
    • 84959716532 scopus 로고
    • On the association between operating leverage and risk
    • Lev, B., 1974, On the association between operating leverage and risk, Journal of Financial and Quantitative Analysis 9, 627-641.
    • (1974) Journal of Financial and Quantitative Analysis , vol.9 , pp. 627-641
    • Lev, B.1
  • 19
    • 0002206621 scopus 로고
    • Tobin's q ratio and industrial organization
    • Lindenberg, E.B. and S.A. Ross, 1981, Tobin's q ratio and industrial organization, Journal of Business 54, 1-32.
    • (1981) Journal of Business , vol.54 , pp. 1-32
    • Lindenberg, E.B.1    Ross, S.A.2
  • 20
    • 0001493392 scopus 로고
    • Deregulation and bank financial policy
    • Marcus, A.J., 1984, Deregulation and bank financial policy. Journal of Banking and Finance 8, 557-565.
    • (1984) Journal of Banking and Finance , vol.8 , pp. 557-565
    • Marcus, A.J.1
  • 21
    • 49449127434 scopus 로고
    • An analytic derivation of the cost of deposit insurance and loan guarantees
    • Merton, R.C., 1977, An analytic derivation of the cost of deposit insurance and loan guarantees, Journal of Banking and Finance 1, 3-11.
    • (1977) Journal of Banking and Finance , vol.1 , pp. 3-11
    • Merton, R.C.1
  • 22
    • 0010903263 scopus 로고
    • Deposit insurance subsidies, moral hazard, and bank regulation
    • Mishra, C. and J.L., Urrutia, 1995, Deposit insurance subsidies, moral hazard, and bank regulation. Journal of Economics and Finance 19, 63-74.
    • (1995) Journal of Economics and Finance , vol.19 , pp. 63-74
    • Mishra, C.1    Urrutia, J.L.2
  • 23
    • 84977736967 scopus 로고
    • Deposit insurance and wealth effects: The value of being "too big to fail"
    • O'Hara, M. and W. Shaw, 1990, Deposit insurance and wealth effects: The value of being "too big to fail", Journal of Finance 45, 1587-1600.
    • (1990) Journal of Finance , vol.45 , pp. 1587-1600
    • O'Hara, M.1    Shaw, W.2
  • 24
    • 0000748060 scopus 로고
    • Alternative constructions of Tobin's q: An empirical comparison
    • Perfect, S.B. and K.W. Wiles, 1994, Alternative constructions of Tobin's q: An empirical comparison, Journal of Empirical Finance 1, No. 3/4.
    • (1994) Journal of Empirical Finance , vol.1 , Issue.3-4
    • Perfect, S.B.1    Wiles, K.W.2
  • 25
    • 84977738488 scopus 로고
    • Ownership structure, deregulation, and bank risk taking
    • Saunders, A., E. Strock and N.G. Travlos, 1990, Ownership structure, deregulation, and bank risk taking, Journal of Finance 45, 643-654.
    • (1990) Journal of Finance , vol.45 , pp. 643-654
    • Saunders, A.1    Strock, E.2    Travlos, N.G.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.