The impact of environmental risk on the UK banking sector

Applied Financial Economics

Volumn 14, Issue 14, 2004, Pages 1005-1016

  McKenzie, George ^a   Wolfe, Simon ^a  

^a UNIVERSITY OF SOUTHAMPTON   (United Kingdom)

Author keywords

[No Author keywords available]

Indexed keywords

BANKING; ENVIRONMENTAL ECONOMICS; LENDING BEHAVIOR; LIABILITY; RISK FACTOR;

EASTERN HEMISPHERE; EURASIA; EUROPE; UNITED KINGDOM; WESTERN EUROPE; WORLD;

EID: 7244226305     PISSN: 09603107     EISSN: None     Source Type: Journal    
DOI: 10.1080/0960310042000261880     Document Type: Article

References (24)

1. Bank for International Settlements (1988) International Convergence of Capital Measurement and Capital Standards, Basle Committee on Banking Supervision, Basle.
2. Bank for International Settlements (2001) Overview of The New Basle Capital Accord, Basle Committee on Banking Supervision, Basle.
3. Black, F. and Scholes, M. (1973) The pricing of options and corporate liabilities, Journal of Political Economy, 81, 637-59.
4. Boyer, M. and Lafont, J. J. (1997) Environmental risks and bank liability, European Economic Review, 41, 1427-59.
5. British Bankers' Association (BBA) (1993) Evidence to the House of Lords Select Committee on the European Communities 'Remedying Environmental Damage', 14 December, HMSO, London.
6. Coase, R. (1988) The firm, the market and the law, in The Firm, the Market and the Law (Ed.) R. Coase, Chap. 1, University of Chicago Press, Chicago.
7. Commission of the European Communities (CEC) (1989) Council Directive on a solvency ratio for credit institutions, Official Journal of the European Communities, No. L 386, 30 December, CEC, Brussels, 14-22.
8. Commission of the European Communities (CEC) (1993a) Council Directive on the capital adequacy of investment firms and credit institutions, Official Journal of the European Communities, No. L 141, 15 March, CEC, Brussels, 1-26.
9. Commission of the European Communities (CEC) (1993b) Green Paper on Remedying Environment Damage, COM(93) 47 final, 14 May, CEC, Brussels.
10. Commission of the European Communities (CEC) (1997) Treaty of Amsterdam amending the Treaty on European Union, the Treaties establishing the European Communities and certain related acts, part one, substantive amendments - Article 2.34. Official Journal of the European Communities, C 340, November, CEC, Brussels, p. 42.
11. Commission of the European Communities (CEC) (2000) White Paper on Environmental Liability, COM(2000) 66 final, February, CEC, Brussels.
12. Dimson, E. and Marsh, P. (1995) Capital requirements for securities firms, Journal of Finance, 50, 821-51.
13. Goldberg, S. (1995) Lender liability under CERCLA: shaping a new legal rule, New York University Environmental Law Journal, 4(1).
14. House of Lords Select Committee on the European Communities (1993) Remedying Environment Damage, 14 December, HMSO, London.
15. Mason, S. and Merton, R. (1985) The role of contingent claims analysis in corporate finance, in Recent Advances in Corporate Finance (Eds) E. Altman and M. Subrahmanyan, Irwin, Homewood, IL, pp. 7-54.
16. McKenzie G. and Steele, J. (1999) The strategic management of contaminated land cleanup, in Dynamics of Strategy, SEMS, University of Surrey, Guildford, pp. 259-76.
17. Merton, R. (1977) An analytic derivation of the cost of deposit insurance and loan guarantees: an application of modern option pricing theory, Journal of Banking and Finance, 1, 3-11.
18. Morgan, J. P. (1994) Credit Metrics, Technical Document, J. P. Morgan.
19. Morgan, J. P. (1997) Risk Metrics, Technical Document, J. P. Morgan.
20. Pitchford, R. (1995) How liable should a lender be? The case of judgment-proof firms and environmental risk, American Economic Review 85, 1171-86.
21. Smith, A. (1784) An Inquiry into the Nature and Causes of the Wealth of Nations, reprint, Clarendon Press, Oxford.
22. Strauss, A. and Corbin, J. (1998) Basics of Qualitative Research: Techniques and Procedures for Developing Grounded Theory, Sage, Thousand Oaks, CA.
23. United Kingdom Environment Act 1995 (c.25) The Stationery Office, London.
24. United States Environmental Protection Agency (1980) (CERCLA) Comprehensive Environmental Response, Compensation, and Liability Act (Superfund), 42 USC s/s 9601 et seq, USEPA, Washington, DC.