The Disciplinary Effect of Subordinated Debt on Bank Risk Taking
x, 99 p. === Using data for publicly listed commercial banks and bank holding companies around the world, I investigate the market discipline effect of subordinated debt on banking firm risk taking in the period 2002-2008. In addition, I examine whether this effect depends on national bank regulatio...
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University of Oregon
2012
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| Online Access: | http://hdl.handle.net/1794/11983 |
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ndltd-uoregon.edu-oai-scholarsbank.uoregon.edu-1794-11983 |
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ndltd-uoregon.edu-oai-scholarsbank.uoregon.edu-1794-119832018-12-20T05:47:55Z The Disciplinary Effect of Subordinated Debt on Bank Risk Taking Nguyen, Tu Cam Finance Banking Social sciences Subordinated debt Bank Risk-taking x, 99 p. Using data for publicly listed commercial banks and bank holding companies around the world, I investigate the market discipline effect of subordinated debt on banking firm risk taking in the period 2002-2008. In addition, I examine whether this effect depends on national bank regulations and legal and institutional conditions. I provide evidence that subordinated debt has a mitigating effect on banking firm risk taking. Further, the results suggest a threshold level of national bank regulations and economic development above which subordinated debt mitigates risk taking. Overall, the evidence supports the efficacy of proposals calling for increased use of subordinated debt in banking firms. Committee in charge: Wayne Mikkelson, Chairperson; Ekkehart Boehmer, Member; Diane Del Guercio, Member; Wesley Wilson, Outside Member 2012-02-29T22:04:51Z 2012-02-29T22:04:51Z 2011-09 Thesis http://hdl.handle.net/1794/11983 en_US University of Oregon theses, Dept. of Finance, Ph. D., 2011; rights_reserved University of Oregon |
| collection |
NDLTD |
| language |
en_US |
| sources |
NDLTD |
| topic |
Finance Banking Social sciences Subordinated debt Bank Risk-taking |
| spellingShingle |
Finance Banking Social sciences Subordinated debt Bank Risk-taking Nguyen, Tu Cam The Disciplinary Effect of Subordinated Debt on Bank Risk Taking |
| description |
x, 99 p. === Using data for publicly listed commercial banks and bank holding companies around the world, I investigate the market discipline effect of subordinated debt on banking firm risk taking in the period 2002-2008. In addition, I examine whether this effect depends on national bank regulations and legal and institutional conditions. I provide evidence that subordinated debt has a mitigating effect on banking firm risk taking. Further, the results suggest a threshold level of national bank regulations and economic development above which subordinated debt mitigates risk taking. Overall, the evidence supports the efficacy of proposals calling for increased use of subordinated debt in banking firms. === Committee in charge: Wayne Mikkelson, Chairperson;
Ekkehart Boehmer, Member;
Diane Del Guercio, Member;
Wesley Wilson, Outside Member |
| author |
Nguyen, Tu Cam |
| author_facet |
Nguyen, Tu Cam |
| author_sort |
Nguyen, Tu Cam |
| title |
The Disciplinary Effect of Subordinated Debt on Bank Risk Taking |
| title_short |
The Disciplinary Effect of Subordinated Debt on Bank Risk Taking |
| title_full |
The Disciplinary Effect of Subordinated Debt on Bank Risk Taking |
| title_fullStr |
The Disciplinary Effect of Subordinated Debt on Bank Risk Taking |
| title_full_unstemmed |
The Disciplinary Effect of Subordinated Debt on Bank Risk Taking |
| title_sort |
disciplinary effect of subordinated debt on bank risk taking |
| publisher |
University of Oregon |
| publishDate |
2012 |
| url |
http://hdl.handle.net/1794/11983 |
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AT nguyentucam thedisciplinaryeffectofsubordinateddebtonbankrisktaking AT nguyentucam disciplinaryeffectofsubordinateddebtonbankrisktaking |
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