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Determinants of voluntary bank disclosure: evidence from Japanese Shinkin banks Author info | Abstract | Publisher info | Download info | Related research | Statistics Mark M. Spiegel
Nobuyoshi Yamori
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Disclosure is widely regarded as a necessary condition for market discipline in a modern financial sector. However, the determinants of disclosure decisions are still unknown, particularly among banks. This paper investigates the determinants of disclosure by Japanese Shinkin banks in 1996 and 1997. This period is unique because disclosure by these banks was voluntary during this time. We find that banks with more serious bad loan problems, more leverage, less competitive pressure, and smaller banks were less likely to choose to voluntarily disclose. These results suggest that there may be a role for compulsory disclosure, as weak banks appear to disproportionately avoid voluntary disclosure.
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Paper provided by Federal Reserve Bank of San Francisco in its series Pacific Basin Working Paper Series with number
03-03.
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Date of creation: 2003Date of revision:
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References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Mark M. Spiegel & Nobuyoshi Yamori, 2000.
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Pacific Basin Working Paper Series
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"Incorporating Equity Market Information into Supervisory Monitoring Models ,"
Journal of Money, Credit and Banking ,
Blackwell Publishing, vol. 36(6), pages 1043-67, December.
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