Bank Capital Adequacy and Market Discipline: International Evidence
| Autor: | TUNG, HSIN-YI, 童欣儀 |
|---|---|
| Rok vydání: | 2018 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 106 This study analyzes the impact of capital adequacy on market discipline in an international samples of banks. We use a panel data set of banks from 52 countries around 2351 commercial banks during the 2005-2016 period. Dividing the gap between actual bank capital and optimal capital into capital surpluses and capital insufficiency, the sample is also divided into developed and developing countries, and it is examined whether the market discipline intensity is weakened or enhanced when the capital is surpluses or insufficiencies. The results of this study is: First, consider the bank's liquidity risk and credit risk, and the market discipline intensity increases due to the lack of bank capital. Second, market discipline forces in developed countries taking into account liquidity risks and credit risks, market discipline has increased due to bank capital insufficiency and has been weakened due to the bank’s capital adequacy. Third, under the state of considering liquidity risk and credit risk, developing countries weaken the strength of market discipline due to the lack of bank capital. Fourth, the market discipline effect brought by credit risk is more obvious. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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