Informations and the market's perceptions of Japanese bank risk: Regulation, environment, and disclosure

Pacific Basin Finance Journal

Volumn 10, Issue 2, 2002, Pages 119-139

  Bremer, Marc ^a   Pettway, Richard H ^b  

^a NANZAN UNIVERSITY   (Japan)

^b UNIVERSITY OF MISSOURI   (United States)

Author keywords

Banks; Bond ratings; Information disclosure; Japan; Market efficiency

Indexed keywords

EID: 0036119986     PISSN: 0927538X     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0927-538X(01)00033-6     Document Type: Article

References (56)

1. Credit rating agencies under fire in Japan
2. Market microstructure and price discovery on the Tokyo Stock Exchange
3. Corporate governance of Japanese banks
4. Comparing market and supervisory assessments of bank performance: Who knows what when?
5. The cost of market versus regulatory discipline in banking
6. Market discipline in the governance of US bank holding companies: Monitoring vs. influencing
7. Using subordinated debt as an instrument of market discipline
8. The feasibility and desirability of mandatory subordinated debt
9. Does the Japanese stock market price bank risk? Evidence from financial firm failures
10. Cross-sectional regularities in the response of stock prices to bond rating changes
11. Quality Control and Industrial Statistics
12. Bond rating agencies and stock analysts: Who knows what when?
13. Subordinated debt and bank capital reform
14. Using market information in prudential bank supervision: A review of the U.S. empirical evidence
15. Evidence of bank market discipline in subordinated debenture yields: 1983-1991
16. Japanese banks and market discipline
17. Market discipline of bank risk: Theory and evidence
18. Is a bond rating downgrade bad news, good news, or no news for stockholders?
19. The differential effects of bond rating changes among industrial and public utilities bonds by maturity
20. Common stock returns and rating changes: A methodological comparison
21. Securities trading in the absence of dealers: Trades and quotes on the Tokyo Stock Exchange
22. The effect of bond rating agency announcements on bond and stock prices
23. The effect of bond-rating changes on bond price performance
24. The effect of bond rating changes on common stock prices
25. Did amakudari undermine the effectiveness of regulator monitoring in Japan?
26. Determinants, costs, and duration of banking sector distress: The Japanese experience in international comparison
27. The information content of municipal bond rating changes: A note
28. Emerging problems with the Basel capital accord: Regulatory capital arbitrage and related issues
29. Statistical inference in multiperiod event studies
30. The price adjustment process of bonds to rating reclassifications: A test of bond market efficiency
31. Trading and liquidity on the Tokyo Stock Exchange: A bird's-eye view
32. The new issue puzzle
33. The incremental information content of bond rating revisions: The Australian evidence
34. Ratings, commercial paper, and equity returns
35. Cumulative sum charts
36. Determinants of the Japan premium: Actions speak louder than words
37. Do depositors punish banks for bad behavior? Market discipline, deposit insurance and banking crises
38. Market tests of capital adequacy of large commercial banks
39. The effects of large bank failures upon investor's risk cognizance in the commercial banking industry
40. Potential insolvency, market efficiency, and bank regulation of large commercial banks
41. Establishing on-site examination priorities: An early warning system using accounting and market information
42. The impacts of financial deregulation upon trading efficiency and the levels of risk and return of Japanese banks
43. The adjustment of stock prices to bond ratings changes
44. Can the market evaluate asset quality exposure in banks? Federal Reserve Bank of Boston
45. Bank rating changes and bank stock returns: Puzzling evidence from the emerging markets
46. Statistical Methods for Quality Improvement
47. Bond rating agencies and their role in bank market discipline
48. Testing for market discipline in the European banking industry: Evidence from subordinated debt issues
49. Bank foreign lending, mandatory disclosure rules, and the reaction of bank stock prices to the Mexican debt crisis
50. Underperformance in long-run stock returns following seasoned equity offerings
51. Levels of significance in event studies
52. The impact of credit watch placement on equity returns and bond prices
53. The effect of a rating change announcement on bond price
54. Stock market reaction to the bank liquidation in Japan: A case for the information effect hypothesis
55. The impact of bond rating changes on common stocks and bonds: Tests of the wealth redistribution hypothesis