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...

Полное описание

Библиографические подробности
Главный автор: Maechler, Andrea
Другие авторы: Cihak, Martin, Schaeck, Klaus, Stolz, Stephanie Marie
Формат: Журнал
Язык:English
Опубликовано: Washington, D.C. : International Monetary Fund, 2009.
Серии:IMF Working Papers; Working Paper ; No. 2009/272
Online-ссылка:Full text available on IMF