search query: @author Sironi, A. / total: 4
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| Author: | Sironi, A. |
| Title: | Testing for market discipline in the European banking industry: evidence from subordinated debt issues |
| Journal: | Journal of Money, Credit and Banking
2003 : JUN, VOL. 35:3, p. 443-472 |
| Index terms: | Banking Risk Europe |
| Language: | eng |
| Abstract: | The author empirically investigates whether private investors can discriminate between the risk taken by banks by testing the risk sensitivity of European banks' subordinated notes and debentures (SND) spreads. A dataset of spreads, ratings and accounting measures of bank risk is used for a sample of SND issued during the 1991-2000 period. |
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