Charter value and risk-taking: evidence from Indian banks

被引：17
|
作者：
Ghosh, Saibal [1 ]
机构：
[1] Reserve Bank India, Dept Econ Anal & Policy, Cent Off, Bombay 400001, Maharashtra, India
来源：
JOURNAL OF THE ASIA PACIFIC ECONOMY | 2009年 / 14卷 / 03期
关键词：
banking; charter value; risk-taking; capital buffer; prudential regulation; India; MARKET DISCIPLINE; MORAL HAZARD; PERFORMANCE; DEREGULATION; EFFICIENCY;
D O I：
10.1080/13547860902975606
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
The article examines the determinants of banks' charter value and its disciplining effect on bank risk-taking since the mid-1990s. The analysis indicates that deposit and loan market concentration exert a significant effect on charter value, suggestive of a strong link between competition and charter value. Among the traditional banking activities, bank size and efficiency are found to be important determinants of charter value. The disciplining effect of charter value is robust across several measures on bank risk.
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页码：270 / 286
页数：17
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