A Primer on Market Discipline and Governance of Financial Institutions for Those in a State of Shocked Disbelief
作者： Joseph P. Hughes , Loretta J. Mester
DOI: 10.2139/SSRN.2079617
关键词: Nonmarket forces 、 Market share 、 Finance 、 Business 、 Market discipline 、 Market impact 、 Market share analysis 、 Factor market 、 Market microstructure 、 Market analysis
摘要: Self regulation encouraged by market discipline constitutes a key component of Basel II’s third pillar. But high-risk investment strategies may maximize the expected value some banks. In these cases, does encourage risk-taking that undermines bank stability in economic downturns? This paper reviews literature on corporate control banking. It techniques for assessing performance, interaction between and federal safety net with incentives stability, sources discipline, including ownership structure, capital product competition, labor boards directors, compensation.
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