Market discipline and the regulatory change: Evidence from Vietnam

Autor:	Tu Dq Le
Jazyk:	angličtina
Rok vydání:	2020
Předmět:	market discipline capital regulation bank risk-taking system gmm vietnam Finance HG1-9999 Economic theory. Demography HB1-3840
Zdroj:	Cogent Economics & Finance, Vol 8, Iss 1 (2020)
Druh dokumentu:	article
ISSN:	2332-2039 23322039
DOI:	10.1080/23322039.2020.1757801
Popis:	Following the recent global financial crisis, Vietnamese banks experienced changes in the minimum capital adequacy requirement following the Basel framework. We examine the impact of the regulatory change on market discipline between 2006 and 2015. The findings show a weakening of market discipline when the minimum capital adequacy requirement of 9% is imposed. The same is true for foreign-owned commercial banks during the period of implementing new capital regulation. Also, there is no evidence of the difference in market discipline between bank ownership and risks in the Vietnamese banking system. Our research has implications for bank supervisors, policy-makers, and bank managers.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/d69aa63651dd497b96d449b85e9ebcca Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
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