The impact of international information disclosure requirements on market discipline

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245 10|aThe impact of international information disclosure requirements on market discipline
246 3 |a|a
100 1 |aLeyshon, Kirby I.|ecreator
700 1 |a|ethesis advisor
700 1 |a|ecommittee member
710 2 |aDepartment of Economics and Business|esponsor
710 2 |aColorado College|edegree grantor
046 |k2015-05
260 |aColorado Springs, Colorado|bColorado College|c2015-05|g2015-05
655 7|athesis|2marcgt
300 |a45 pages
520 |aFinancial regulators are challenged with finding the most efficient and effective ways to monitor banks given an expanding and complex international financial system. Market discipline has grown in importance as a way to incentivize banks from taking on unnecessary risk (Barth et al., 2004; Nier & Baumann, 2006). One of the main drivers of market discipline is information disclosure. While the literature on market discipline is expansive, there are no known studies on the impact of individual information disclosure requirements on market discipline. Our study investigates which specific disclosure requirements influence financial investors to discipline banks and which do not. We find that half of the information disclosure requirements potentially reduce market discipline practices while the other half may enhance financial investors’ response to bank risk.
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500 |aThe author has given permission for this work to be deposited in the Digital Archive of Colorado College.
500 |aColorado College Honor Code upheld.
500 |aIncludes bibliographical references.
500 |aB.A.
500 |abachelor
650 1 |a
650 1 |aMarket discipline
650 1 |aInformation disclosure
650 1 |aBank regulation
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650 |a
600 1 |a
610 2 |a
655 7|a
540 |aCopyright restrictions apply.
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856 |u
700 1 |ade Araujo, Pedro|ethesis advisor