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dc.contributor.authorFosu, Samuelen
dc.contributor.authorDanso, Alberten
dc.contributor.authorAgyei-Boapeah, H.en
dc.contributor.authorNtim, Collins G.en
dc.contributor.authorMurinde, V.en
dc.date.accessioned2018-09-11T09:41:12Z
dc.date.available2018-09-11T09:41:12Z
dc.date.issued2018-08-30
dc.identifier.citationFosu, S., Danso, A., Agyei-Boapeah, H., Ntim, C.G. and Murinde, V. (2018) How does banking market power affect bank opacity? Evidence from analysts' forecasts. International Review of Financial Analysis, 60, pp. 38-52en
dc.identifier.urihttp://hdl.handle.net/2086/16563
dc.descriptionThe file attached to this record is the author's final peer reviewed version. The Publisher's final version can be found by following the DOI link.en
dc.description.abstractWhilst the ongoing banking regulatory reforms towards a comprehensive Basel III framework emphasise bank transparency, disclosure and a competitive banking market environment, very little is known about the empirical relationship between bank opacity and banking competition. We investigate the impact of competition, as measured by the individual bank's pricing power in the banking market, on bank opacity using a large sample of US bank holding companies over the 1986–2015 period. We uncover new evidence, on the competition-bank opacity nexus, which suggests that banks with higher market power and operating in less competitive banking markets have lower analysts' forecast errors and dispersions and may thus be less opaque. This effect is more pronounced for the 2007–09 global financial crisis period. Our evidence is robust to controlling for analysts' characteristics, bank fixed-effects and endogeneity problems.en
dc.language.isoenen
dc.publisherElsevieren
dc.subjectBank opacityen
dc.subjectCompetitionen
dc.subjectFinancial crisisen
dc.subjectDisclosure and transparencyen
dc.subjectBasel III frameworken
dc.titleHow does banking market power affect bank opacity? Evidence from analysts' forecastsen
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1016/j.irfa.2018.08.015
dc.researchgroupFiBReen
dc.peerreviewedYesen
dc.funderN/Aen
dc.projectidN/Aen
dc.cclicenceCC-BY-NCen
dc.date.acceptance2018-08-26en
dc.researchinstituteFinance and Banking Research Group (FiBRe)en


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