Contrôle prudentiel et détection des difficultés financières des banques. Quel est l'apport de l'information de marché ?

Isabelle Distinguin, Philippe Rous and Amine Tarazi

Revue économique, 2006, vol. 57, issue 3, 497-506

Abstract: This paper studies the role that can be played by the stock market in the early detection of bank financial distress. We test the additional contribution of market indicators to accounting indicators in the European case and its accuracy for opaque institutions. We show that the significance of the marginal contribution of market indicators is dependent on the extent to which bank liabilities are market traded. For banks heavily relying on deposits, the market does not convey useful information even when more subordinated debt is issued. Classification JEL : G21, G28

JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2006
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