Valuation and systemic risk consequences of bank opacity

► Opaque assets are more profitable than transparent assets. ► Taking profitability into account, opaque assets have larger valuation discounts. ► Valuation discounts for opaque assets decline over the 2000–2006 period. ► The decline in valuation discounts for opaque assets produces a feedback effec...

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Bibliographic details
Volume: 37
Main Author: Jones, Jeffrey S
Lee, Wayne Y
Yeager, Timothy J
Format: Journal Article
Language: English
Zielgruppe: Trade
Place of publication: AMSTERDAM Elsevier B.V 01.03.2013
ELSEVIER SCIENCE BV
published in: Journal of banking & finance Vol. 37; no. 3; pp. 693 - 706
Data of publication: March 2013
ISSN: 0378-4266
1872-6372
EISSN: 1872-6372
Discipline: Business
Economics
Subjects:
G21
G34
G14
G28
Online Access: available in Bonn?
Database: Web of Knowledge
Social Sciences Citation Index
Web of Science
Web of Science - Social Sciences Citation Index - 2013
CrossRef
Academic OneFile (A&I only)
Database information Databases - DBIS