Charter value, Tobin's Q and bank risk during the subprime financial crisis

▶ Tobin's Q increased significantly in the 1990s despite continued deregulation. ▶ We determine that Tobin's Q is a poor cardinal measure of charter value. ▶ Charter value has actually declined, which has contributed to more risk-taking. Charter value is important in the banking industry b...

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Bibliographic details
Volume: 63
Main Author: Jones, Jeffrey S
Miller, Scott A
Yeager, Timothy J
Format: Journal Article
Language: English
Place of publication: New York Elsevier Inc 2011
Elsevier
Elsevier Science Ltd
published in: Journal of economics and business Vol. 63; no. 5; pp. 372 - 391
Data of publication: 2011
ISSN: 0148-6195
1879-1735
EISSN: 1879-1735
Discipline: Economics
Series: Journal of Economics and Business
Subjects:
G1
G2
Online Access: available in Bonn?
CODEN: JEBUDR
Database: RePEc IDEAS
RePEc
CrossRef
ProQuest One Business
ProQuest One Business (Alumni)
Database information Databases - DBIS