Who Disciplines Bank Managers? /

We bring to bear a hand-collected dataset of executive turnovers in U.S. banks to test the efficacy of market discipline in a 'laboratory setting' by analyzing banks that are less likely to be subject to government support. Specifically, we focus on a new face of market discipline: stakeho...

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Detalhes bibliográficos
Autor principal: Maechler, Andrea
Outros Autores: Cihak, Martin, Schaeck, Klaus, Stolz, Stephanie Marie
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2009.
coleção:IMF Working Papers; Working Paper ; No. 2009/272
Acesso em linha:Full text available on IMF