We examine the impact of news about Greece and news about a Greek bailout on bank
stock prices in 2010 using data for 48 European banks. We identify the twenty days with …

The financial crisis has demonstrated serious flaws in the corporate governance of
systemically important financial firms. In particular, the norm that managers should seek to …

This article investigates the effect of banks' lending capacity on firms' investment. To identify
exogenous shocks to loan supply, we utilize the natural experiment provided by Japan's …

Why might high-status organizations, presumably secure in their positions, resort to
illegality? This study considers the possibility that status theory might have overestimated …

On April 1, 2002, the Japanese government lifted a blanket guarantee of all deposits and
began limiting the coverage of time deposits. This paper uses this deposit insurance reform …

Using stock price data drawn from the 1990s in Japan, this paper empirically shows that
bank risk is negatively associated with discretionary accruals, indicating that investors …

The spectacular failure of the 150-year-old investment bank Lehman Brothers on September
15th, 2008 was a major turning point in the global financial crisis that broke out in the …

This paper examines the movements of the Distance to Default (DD), a market-based
measure of corporate default risk, of major failed Japanese banks in order to evaluate the …

Previous literature suggests that banking relationships can enhance the value of client firms
in the presence of asymmetric information problems. Hence, severance of banking ties due …

This study examines the reaction of private market participants to the enhancement of the
“Too-Big-To-Fail”(TBTF) doctrine in the Japanese banking sector. The event justifying the …