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Consequences of Bank Stress Test Disclosures.

紀錄類型:	書目-語言資料,手稿 : Monograph/item
正題名/作者:	Consequences of Bank Stress Test Disclosures./
作者:	Schmidt, Brent A.
面頁冊數:	1 online resource (107 pages)
附註:	Source: Dissertations Abstracts International, Volume: 81-06, Section: A.
Contained By:	Dissertations Abstracts International81-06A.
標題:	Investments. -
電子資源:	click for full text (PQDT)
ISBN:	9781392654170

Consequences of Bank Stress Test Disclosures.
Schmidt, Brent A.

Consequences of Bank Stress Test Disclosures. - 1 online resource (107 pages)

Source: Dissertations Abstracts International, Volume: 81-06, Section: A.

Thesis (Ph.D.)--The Ohio State University, 2019.

Includes bibliographical references

Whether bank stress test results should be disclosed has been debated since the financial crisis. Prior studies examining the effects of stress testing conflate the effects of stress testing per se and the effects of stress test disclosures. I utilize a novel setting to isolate the effects of stress test disclosures on bank risk taking and financial stability. My results show that stress test disclosures lead to banks increasing their risk taking (i.e., lowering their tier 1 capital ratios) by increasing their risk-weighted assets. I provide evidence consistent with stress test disclosures leading to heighted market discipline of bank risk taking via the pricing of banks' equity in the capital markets. My results further suggest that stress test disclosures lead to banks taking more profitable risks. Finally, I show that stress test disclosures improve bank stability. Overall, my study suggests that stress test disclosures are beneficial along the dimension I examine. These results inform the debate regarding whether stress test results should be publicly disclosed and the broader debate regarding the effects of bank transparency on financial stability.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9781392654170Subjects--Topical Terms:

557691
Investments.
Subjects--Index Terms:

Bank stress test resultsIndex Terms--Genre/Form:

554714
Electronic books.

Consequences of Bank Stress Test Disclosures.
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504 $a Includes bibliographical references
520 $a Whether bank stress test results should be disclosed has been debated since the financial crisis. Prior studies examining the effects of stress testing conflate the effects of stress testing per se and the effects of stress test disclosures. I utilize a novel setting to isolate the effects of stress test disclosures on bank risk taking and financial stability. My results show that stress test disclosures lead to banks increasing their risk taking (i.e., lowering their tier 1 capital ratios) by increasing their risk-weighted assets. I provide evidence consistent with stress test disclosures leading to heighted market discipline of bank risk taking via the pricing of banks' equity in the capital markets. My results further suggest that stress test disclosures lead to banks taking more profitable risks. Finally, I show that stress test disclosures improve bank stability. Overall, my study suggests that stress test disclosures are beneficial along the dimension I examine. These results inform the debate regarding whether stress test results should be publicly disclosed and the broader debate regarding the effects of bank transparency on financial stability.
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538 $a Mode of access: World Wide Web
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650 4 $a Confidentiality. $3 1343685
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650 4 $a Research design. $3 1466003
653 $a Bank stress test results
653 $a Bank risk taking
653 $a Financial stability
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