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Consequences of Bank Stress Test Dis...

Schmidt, Brent A.,

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Consequences of Bank Stress Test Disclosures /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Consequences of Bank Stress Test Disclosures // Brent A Schmidt.
Author:	Schmidt, Brent A.,
Description:	1 electronic resource (107 pages)
Notes:	Source: Dissertations Abstracts International, Volume: 81-06, Section: A.
Contained By:	Dissertations Abstracts International81-06A.
Subject:	Investments. -
Online resource:	https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=27692240
ISBN:	9781392654170

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

Consequences of Bank Stress Test Disclosures /Brent A Schmidt. - 1 electronic resource (107 pages)

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

English

ISBN: 9781392654170Subjects--Topical Terms:

566987
Investments.
Subjects--Index Terms:

Bank stress test results

Consequences of Bank Stress Test Disclosures /
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100 1 $a Schmidt, Brent A., $e author. $3 3767490
245 1 0 $a Consequences of Bank Stress Test Disclosures / $c Brent A Schmidt.
264 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2019
300 $a 1 electronic resource (107 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertations Abstracts International, Volume: 81-06, Section: A.
500 $a Committee members: Beatty, Anne; Kerr, Jon; Roulstone, Darren; Van Buskirk, Andy.
502 $b Ph.D. $c The Ohio State University $d 2019.
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.
546 $a English
590 $a School code: 0168
650 4 $a Investments. $3 566987
650 4 $a Hypotheses. $3 3560118
650 4 $a Confidentiality. $3 736289
650 4 $a Prices. $3 652651
650 4 $a Research design. $3 3695179
650 4 $a Investors. $3 3544951
653 $a Bank stress test results
653 $a Bank risk taking
653 $a Financial stability
690 $a 0272
710 2 $a The Ohio State University. $b Accounting and MIS. $e degree granting institution. $3 3767491
773 0 $t Dissertations Abstracts International $g 81-06A.
790 $a 0168
791 $a Ph.D.
792 $a 2019
856 4 0 $u https://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=27692240