Journal article 374 views 49 downloads
Depositor market discipline: New evidence from selling failed banks
International Review of Financial Analysis, Volume: 89, Start page: 102767
Swansea University Authors:
Vineet Upreti , Tim Zhou
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DOI (Published version): 10.1016/j.irfa.2023.102767
Abstract
This paper studies depositor behavior following the acquisition of failed banks by healthy banks in FDIC-supervised transactions. Using a US bank branch-based dataset spanning 2007 to 2014 we find that failed bank depositors discipline acquiring banks post-resolution. This appears to be related to f...
Published in: | International Review of Financial Analysis |
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ISSN: | 1057-5219 |
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Elsevier BV
2023
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URI: | https://cronfa.swan.ac.uk/Record/cronfa63754 |
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v2 63754 2023-06-29 Depositor market discipline: New evidence from selling failed banks 8f0fcae811cfbfabf93901185944c055 0000-0002-9803-7551 Vineet Upreti Vineet Upreti true false c132216bf49e0544a968bb3919686327 0000-0002-0830-2316 Tim Zhou Tim Zhou true false 2023-06-29 BAF This paper studies depositor behavior following the acquisition of failed banks by healthy banks in FDIC-supervised transactions. Using a US bank branch-based dataset spanning 2007 to 2014 we find that failed bank depositors discipline acquiring banks post-resolution. This appears to be related to features of the acquiring banks' asset quality and loan composition, but it may also be linked to irrational desciplinary behavior or post acquisition integration issues. We also find some evidence that depositor market discipline may have an impact on the competitive fetaures of local banking markets post resolution. Journal Article International Review of Financial Analysis 89 102767 Elsevier BV 1057-5219 FDIC, Banks, Resolution, Market discipline, Depositors 1 10 2023 2023-10-01 10.1016/j.irfa.2023.102767 http://dx.doi.org/10.1016/j.irfa.2023.102767 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University SU Library paid the OA fee (TA Institutional Deal) Swansea University 2023-12-22T08:11:13.3308715 2023-06-29T16:00:29.3312725 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Philip Molyneux 1 Vineet Upreti 0000-0002-9803-7551 2 Tim Zhou 0000-0002-0830-2316 3 63754__28094__c405f6967214478a8235d143531dd18f.pdf 63754.pdf 2023-07-12T14:13:59.2731634 Output 773449 application/pdf Version of Record true © 2023 The Authors. Published by Elsevier Inc. Distributed under the terms of a Creative Commons Attribution 4.0 License (CC BY 4.0). true eng http://creativecommons.org/licenses/by/4.0/ |
title |
Depositor market discipline: New evidence from selling failed banks |
spellingShingle |
Depositor market discipline: New evidence from selling failed banks Vineet Upreti Tim Zhou |
title_short |
Depositor market discipline: New evidence from selling failed banks |
title_full |
Depositor market discipline: New evidence from selling failed banks |
title_fullStr |
Depositor market discipline: New evidence from selling failed banks |
title_full_unstemmed |
Depositor market discipline: New evidence from selling failed banks |
title_sort |
Depositor market discipline: New evidence from selling failed banks |
author_id_str_mv |
8f0fcae811cfbfabf93901185944c055 c132216bf49e0544a968bb3919686327 |
author_id_fullname_str_mv |
8f0fcae811cfbfabf93901185944c055_***_Vineet Upreti c132216bf49e0544a968bb3919686327_***_Tim Zhou |
author |
Vineet Upreti Tim Zhou |
author2 |
Philip Molyneux Vineet Upreti Tim Zhou |
format |
Journal article |
container_title |
International Review of Financial Analysis |
container_volume |
89 |
container_start_page |
102767 |
publishDate |
2023 |
institution |
Swansea University |
issn |
1057-5219 |
doi_str_mv |
10.1016/j.irfa.2023.102767 |
publisher |
Elsevier BV |
college_str |
Faculty of Humanities and Social Sciences |
hierarchytype |
|
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facultyofhumanitiesandsocialsciences |
hierarchy_top_title |
Faculty of Humanities and Social Sciences |
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facultyofhumanitiesandsocialsciences |
hierarchy_parent_title |
Faculty of Humanities and Social Sciences |
department_str |
School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance |
url |
http://dx.doi.org/10.1016/j.irfa.2023.102767 |
document_store_str |
1 |
active_str |
0 |
description |
This paper studies depositor behavior following the acquisition of failed banks by healthy banks in FDIC-supervised transactions. Using a US bank branch-based dataset spanning 2007 to 2014 we find that failed bank depositors discipline acquiring banks post-resolution. This appears to be related to features of the acquiring banks' asset quality and loan composition, but it may also be linked to irrational desciplinary behavior or post acquisition integration issues. We also find some evidence that depositor market discipline may have an impact on the competitive fetaures of local banking markets post resolution. |
published_date |
2023-10-01T08:11:13Z |
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1785968904341815296 |
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11.021648 |