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dc.contributor.authorFosu, Samuelen
dc.contributor.authorNtim, Collins G.en
dc.contributor.authorCoffie, Williamen
dc.contributor.authorMurinde, V.en
dc.date.accessioned2018-10-17T11:11:30Z
dc.date.available2018-10-17T11:11:30Z
dc.date.issued2017-11-01
dc.identifier.citationFosu, S., Ntim, C.G., Coffie, W. and Murinde, V. (2017) Bank opacity and risk-taking: Evidence from analysts’ forecasts. Journal of Financial Stability, 33, pp.81-95.en
dc.identifier.issn1572-3089
dc.identifier.urihttps://eprints.soton.ac.uk/415201/
dc.identifier.urihttp://hdl.handle.net/2086/16749
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.abstractWe depart from existing literature by invoking analysts’ forecasts to measure banking system opacity and then investigate the impact of such opacity on bank risk-taking, using a large panel of US bank holding companies, over the 1995–2013 period. We uncover three new results. Firstly, we find that opacity increases insolvency risks among banks. Secondly, we establish that the relationship between opacity and bank risk-taking is accentuated by the degree of banking market competition. Thirdly, we show that the bank business model moderates the risk-taking incentives of opaque banks, albeit only marginally. Overall, these findings suggest that the analysts forecast measure of bank opacity is useful for understanding risk-taking by publicly-traded banks, with important implications for bank stability.en
dc.language.isoenen
dc.publisherElsevieren
dc.subjectBank opacityen
dc.subjectAnalysts’ forecastsen
dc.subjectBank stabilityen
dc.subjectBanking market competitionen
dc.subjectBank business modelsen
dc.titleBank opacity and risk-taking: Evidence from analysts’ forecastsen
dc.typeArticleen
dc.identifier.doihttps://doi.org/10.1016/j.jfs.2017.10.009
dc.peerreviewedYesen
dc.funderESRC (Economic and Social Research Council)en
dc.projectidES/N013344/1en
dc.cclicenceCC-BY-NCen
dc.date.acceptance2017-10-26en
dc.exception.reasonauthor was not DMU staff at the time of publication. available from Southampton uni repositoryen
dc.researchinstituteFinance and Banking Research Group (FiBRe)en
dc.exception.ref2021codes254aen


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