Should we trust the Z-score? Evidence from the European Banking Industry
Author
Abstract
Suggested Citation
DOI: 10.1016/j.gfj.2015.02.002
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Hong Liu & Phil Molyneux & John O. S. Wilson, 2013.
"Competition And Stability In European Banking: A Regional Analysis,"
Manchester School, University of Manchester, vol. 81(2), pages 176-201, March.
- Phil Molyneux & Hong Liu & John O.S. Wilson, 2010. "Competition and Stability in European Banking: A Regional Analysis," Working Papers 10019, Bangor Business School, Prifysgol Bangor University (Cymru / Wales).
- Obeua S. Persons, 1999. "Using Financial Information to Differentiate Failed vs. Surviving Finance Companies in Thailand: An Implication for Emerging Economies," Multinational Finance Journal, Multinational Finance Journal, vol. 3(2), pages 127-145, June.
- Sironi, Andrea, 2003.
"Testing for Market Discipline in the European Banking Industry: Evidence from Subordinated Debt Issues,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(3), pages 443-472, June.
- Andrea Sironi, 2000. "Testing for market discipline in the European banking industry: evidence from subordinated debt issues," Finance and Economics Discussion Series 2000-40, Board of Governors of the Federal Reserve System (U.S.).
- Andrea Sironi, 2001. "Testing for market discipline in the European banking industry: evidence from subordinated debt issues," Proceedings 712, Federal Reserve Bank of Chicago.
- Berger, Allen N. & Bouwman, Christa H.S., 2013. "How does capital affect bank performance during financial crises?," Journal of Financial Economics, Elsevier, vol. 109(1), pages 146-176.
- John H. Boyd & Stanley L. Graham, 1986. "Risk, regulation, and bank holding company expansion into nonbanking," Quarterly Review, Federal Reserve Bank of Minneapolis, vol. 10(Spr), pages 2-17.
- King, Gary & Zeng, Langche, 2001. "Logistic Regression in Rare Events Data," Political Analysis, Cambridge University Press, vol. 9(2), pages 137-163, January.
- Laeven, Luc & Majnoni, Giovanni, 2003.
"Loan loss provisioning and economic slowdowns: too much, too late?,"
Journal of Financial Intermediation, Elsevier, vol. 12(2), pages 178-197, April.
- Luc Laeven & Giovanni Majnoni, 2002. "Loan loss provisioning and economic slowdowns: too much too late?," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
- Laeven, Luc & Majnoni, Giovanni, 2001. "Loan loss provisioning and economic slowdowns : too much, too late?," Policy Research Working Paper Series 2749, The World Bank.
- De Nicolò, Gianni & Laeven, Luc & Ueda, Kenichi, 2008.
"Corporate governance quality: Trends and real effects,"
Journal of Financial Intermediation, Elsevier, vol. 17(2), pages 198-228, April.
- Mr. Kenichi Ueda & Mr. Gianni De Nicolo & Mr. Luc Laeven, 2006. "Corporate Governance Quality: Trends and Real Effects," IMF Working Papers 2006/293, International Monetary Fund.
- Arturo Estrella & Sangkyun Park & Stavros Peristiani, 2000. "Capital ratios as predictors of bank failure," Economic Policy Review, Federal Reserve Bank of New York, issue Jul, pages 33-52.
- Gropp, Reint & Vesala, Jukka & Vulpes, Giuseppe, 2006.
"Equity and Bond Market Signals as Leading Indicators of Bank Fragility,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(2), pages 399-428, March.
- Reint Gropp & Jukka M. Vesala & Giuseppe Vulpes, 2002. "Equity and bond market signals as leading indicators of bank fragility," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
- Vesala, Jukka & Vulpes, Giuseppe & Gropp, Reint, 2002. "Equity and bond market signals as leading indicators of bank fragility," Working Paper Series 150, European Central Bank.
- Lammertjan Dam & Michael Koetter, 2012. "Bank Bailouts and Moral Hazard: Evidence from Germany," The Review of Financial Studies, Society for Financial Studies, vol. 25(8), pages 2343-2380.
- Mr. Gianni De Nicolo & Abu M. Jalal & John H. Boyd, 2006. "Bank Risk-Taking and Competition Revisited: New Theory and New Evidence," IMF Working Papers 2006/297, International Monetary Fund.
- Beck, Thorsten & Laeven, Luc, 2006.
"Resolution of failed banks by deposit insurers : cross-country evidence,"
Policy Research Working Paper Series
3920, The World Bank.
- Beck, T.H.L., 2008. "Resolution of failed banks by deposit insurers : Cross-country evidence," Other publications TiSEM f281b9ef-1509-43bc-9761-d, Tilburg University, School of Economics and Management.
- Flannery, Mark J & Sorescu, Sorin M, 1996. "Evidence of Bank Market Discipline in Subordinated Debenture Yields: 1983-1991," Journal of Finance, American Finance Association, vol. 51(4), pages 1347-1377, September.
- Lepetit, Laetitia & Strobel, Frank, 2013.
"Bank insolvency risk and time-varying Z-score measures,"
Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 25(C), pages 73-87.
- Laetitia Lepetit & Frank Strobel, 2013. "Bank insolvency risk and time-varying Z-score measures," Post-Print hal-01098721, HAL.
- Yeyati, Eduardo Levy & Micco, Alejandro, 2007.
"Concentration and foreign penetration in Latin American banking sectors: Impact on competition and risk,"
Journal of Banking & Finance, Elsevier, vol. 31(6), pages 1633-1647, June.
- Eduardo Levy Yeyati & Alejandro Micco, 2003. "Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk," Business School Working Papers cinco, Universidad Torcuato Di Tella.
- Levy Yeyati, Eduardo & Micco, Alejandro, 2003. "Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk," IDB Publications (Working Papers) 1482, Inter-American Development Bank.
- Eduardo Levy Yeyati & Alejandro Micco, 2003. "Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk," Research Department Publications 4353, Inter-American Development Bank, Research Department.
- Berger, Allen N. & Herring, Richard J. & Szego, Giorgio P., 1995.
"The role of capital in financial institutions,"
Journal of Banking & Finance, Elsevier, vol. 19(3-4), pages 393-430, June.
- Allen N. Berger & Richard J. Herring & Giorgio P. Szegö, 1995. "The Role of Capital in Financial Institutions," Center for Financial Institutions Working Papers 95-01, Wharton School Center for Financial Institutions, University of Pennsylvania.
- Allen N. Berger & Richard J. Herring & Giorgio P. Szego, 1995. "The role of capital in financial institutions," Finance and Economics Discussion Series 95-23, Board of Governors of the Federal Reserve System (U.S.).
- Betz, Frank & Oprică, Silviu & Peltonen, Tuomas A. & Sarlin, Peter, 2014.
"Predicting distress in European banks,"
Journal of Banking & Finance, Elsevier, vol. 45(C), pages 225-241.
- Betz, Frank & Oprica, Silviu & Peltonen, Tuomas A. & Sarlin, Peter, 2013. "Predicting distress in European banks," Working Paper Series 1597, European Central Bank.
- Kevin Stiroh, 2004. "Do Community Banks Benefit from Diversification?," Journal of Financial Services Research, Springer;Western Finance Association, vol. 25(2), pages 135-160, April.
- Rebel Cole & Lawrence White, 2012.
"Déjà Vu All Over Again: The Causes of U.S. Commercial Bank Failures This Time Around,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 42(1), pages 5-29, October.
- Rebel A. Cole & Lawrence J. White, 2010. "Deja Vu All Over Again: The Causes of U.S. Commercial Bank Failures This Time Around," Working Papers 10-15, New York University, Leonard N. Stern School of Business, Department of Economics.
- Cole, Rebel A. & White, Lawrence J., 2010. "Déjà vu all over again: The causes of U.S. commercial bank failures this time around," MPRA Paper 24690, University Library of Munich, Germany, revised 28 Jul 2010.
- Demirgüç-Kunt, Asli & Huizinga, Harry, 2010.
"Bank activity and funding strategies: The impact on risk and returns,"
Journal of Financial Economics, Elsevier, vol. 98(3), pages 626-650, December.
- Demirgüc-Kunt, A. & Huizinga, H.P., 2009. "Bank Activity and Funding Strategies : The Impact on Risk and Return," Other publications TiSEM 261360c8-1275-4107-a88b-4, Tilburg University, School of Economics and Management.
- Demirguc-Kunt, Asli & Huizinga, Harry, 2009. "Bank activity and funding strategies : the impact on risk and returns," Policy Research Working Paper Series 4837, The World Bank.
- Huizinga, Harry & Demirgüç-Kunt, Asli, 2009. "Bank Activity and Funding Strategies: The Impact on Risk and Return," CEPR Discussion Papers 7170, C.E.P.R. Discussion Papers.
- Demirgüc-Kunt, A. & Huizinga, H.P., 2009. "Bank Activity and Funding Strategies : The Impact on Risk and Return," Discussion Paper 2009-09, Tilburg University, Center for Economic Research.
- Kick, Thomas & Koetter, Michael, 2007.
"Slippery slopes of stress: Ordered failure events in German banking,"
Journal of Financial Stability, Elsevier, vol. 3(2), pages 132-148, July.
- Koetter, Michael & Kick, Thomas, 2007. "Slippery slopes of stress: ordered failure events in German banking," Discussion Paper Series 2: Banking and Financial Studies 2007,03, Deutsche Bundesbank.
- Beltratti, Andrea & Stulz, René M., 2012.
"The credit crisis around the globe: Why did some banks perform better?,"
Journal of Financial Economics, Elsevier, vol. 105(1), pages 1-17.
- Beltratti, Andrea & Stulz, Rene M., 2010. "The Credit Crisis around the Globe: Why Did Some Banks Perform Better?," Working Paper Series 2010-5, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
- Laeven, Luc & Levine, Ross, 2009.
"Bank governance, regulation and risk taking,"
Journal of Financial Economics, Elsevier, vol. 93(2), pages 259-275, August.
- Luc Laeven & Ross Levine, 2008. "Bank Governance, Regulation, and Risk Taking," NBER Working Papers 14113, National Bureau of Economic Research, Inc.
- Ms. Brenda Gonzalez-Hermosillo, 1999. "Determinants of Ex-Ante Banking System Distress: A Macro-Micro Empirical Exploration of Some Recent Episodes," IMF Working Papers 1999/033, International Monetary Fund.
- Frank Strobel, 2011. "Bank insolvency risk and different approaches to aggregate Z-score measures: a note," Applied Economics Letters, Taylor & Francis Journals, vol. 18(16), pages 1541-1543.
- Frank Strobel, 2011. "Bank insolvency risk and Z-score measures with unimodal returns," Applied Economics Letters, Taylor & Francis Journals, vol. 18(17), pages 1683-1685.
- Liliana Rojas-Suarez, 2001. "Rating Banks in Emerging Markets: What Credit Rating Agencies Should Learn from Financial Indicators," Working Paper Series WP01-6, Peterson Institute for International Economics.
- Laura Chiaramonte & Barbara Casu, 2013. "The determinants of bank CDS spreads: evidence from the financial crisis," The European Journal of Finance, Taylor & Francis Journals, vol. 19(9), pages 861-887, October.
- Jin, Justin Yiqiang & Kanagaretnam, Kiridaran & Lobo, Gerald J. & Mathieu, Robert, 2013. "Impact of FDICIA internal controls on bank risk taking," Journal of Banking & Finance, Elsevier, vol. 37(2), pages 614-624.
- DeYoung, Robert & Torna, Gökhan, 2013. "Nontraditional banking activities and bank failures during the financial crisis," Journal of Financial Intermediation, Elsevier, vol. 22(3), pages 397-421.
- repec:bla:jfinan:v:59:y:2004:i:2:p:831-868 is not listed on IDEAS
- Paul Kato & Jens Hagendorff, 2010. "Distance to default, subordinated debt, and distress indicators in the banking industry," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 50(4), pages 853-870, December.
- Boyd, John H. & Runkle, David E., 1993. "Size and performance of banking firms : Testing the predictions of theory," Journal of Monetary Economics, Elsevier, vol. 31(1), pages 47-67, February.
- Vazquez, Francisco & Federico, Pablo, 2015.
"Bank funding structures and risk: Evidence from the global financial crisis,"
Journal of Banking & Finance, Elsevier, vol. 61(C), pages 1-14.
- Mr. Pablo Federico & Mr. Francisco F. Vazquez, 2012. "Bank Funding Structures and Risk: Evidence From the Global Financial Crisis," IMF Working Papers 2012/029, International Monetary Fund.
- Männasoo, Kadri & Mayes, David G., 2009. "Explaining bank distress in Eastern European transition economies," Journal of Banking & Finance, Elsevier, vol. 33(2), pages 244-253, February.
- Völz, Manja & Wedow, Michael, 2011. "Market discipline and too-big-to-fail in the CDS market: Does banks' size reduce market discipline?," Journal of Empirical Finance, Elsevier, vol. 18(2), pages 195-210, March.
- Garcia-Marco, Teresa & Robles-Fernández, M. Dolores, 2008.
"Risk-taking behaviour and ownership in the banking industry: The Spanish evidence,"
Journal of Economics and Business, Elsevier, vol. 60(4), pages 332-354.
- Teresa garcía Marco & M. Dolores Robles-Fernández, 2005. "Risk tasking behaviour and ownership in the banking industry: the Spanish evidence," Documentos de Trabajo del ICAE 0507, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
- Jagtiani, Julapa & Lemieux, Catharine, 2001. "Market discipline prior to bank failure," Journal of Economics and Business, Elsevier, vol. 53(2-3), pages 313-324.
- Arena, Marco, 2008.
"Bank failures and bank fundamentals: A comparative analysis of Latin America and East Asia during the nineties using bank-level data,"
Journal of Banking & Finance, Elsevier, vol. 32(2), pages 299-310, February.
- Marco Arena, 2005. "Bank Failures and Bank Fundamentals: A Comparative Analysis of Latin America and East Asia during the Nineties using Bank-Level Data," Staff Working Papers 05-19, Bank of Canada.
- Mr. Martin Cihak & Mr. Heiko Hesse, 2007. "Cooperative Banks and Financial Stability," IMF Working Papers 2007/002, International Monetary Fund.
- Jin, Justin Yiqiang & Kanagaretnam, Kiridaran & Lobo, Gerald J., 2011. "Ability of accounting and audit quality variables to predict bank failure during the financial crisis," Journal of Banking & Finance, Elsevier, vol. 35(11), pages 2811-2819, November.
- Sreedhar T. Bharath & Tyler Shumway, 2008. "Forecasting Default with the Merton Distance to Default Model," The Review of Financial Studies, Society for Financial Studies, vol. 21(3), pages 1339-1369, May.
- Hagendorff, Jens & Vallascas, Francesco, 2011. "CEO pay incentives and risk-taking: Evidence from bank acquisitions," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 1078-1095, September.
- Lepetit, Laetitia & Strobel, Frank, 2013.
"Bank insolvency risk and time-varying Z-score measures,"
Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 25(C), pages 73-87.
- Laetitia Lepetit & Frank Strobel, 2013. "Bank insolvency risk and time-varying Z-score measures," Post-Print hal-01098721, HAL.
- Laetitia Lepetit & Frank Strobel, 2013. "Bank insolvency risk and time-varying Z-score measures," Post-Print hal-00785646, HAL.
- Paola Bongini & Stijn Claessens & Giovanni Ferri, 2001.
"The Political Economy of Distress in East Asian Financial Institutions,"
Journal of Financial Services Research, Springer;Western Finance Association, vol. 19(1), pages 5-25, February.
- Bongini, Paola & Claessens, Stijn & Ferri, Giovanni, 2000. "The political economy of distress in East Asian financial institutions," Policy Research Working Paper Series 2265, The World Bank.
- Hannan, Timothy H & Hanweck, Gerald A, 1988.
"Bank Insolvency Risk and the Market for Large Certificates of Deposit,"
Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(2), pages 203-211, May.
- Timothy H. Hannan & Gerald A. Hanweck, 1986. "Bank insolvency risk and the market for large certificates of deposit," Working Papers in Banking, Finance and Microeconomics 86-1, Board of Governors of the Federal Reserve System (U.S.).
- Mr. Rupert D Worrell & Andrea M. Maechler & Ms. Srobona Mitra, 2007. "Decomposing Financial Risks and Vulnerabilities in Eastern Europe," IMF Working Papers 2007/248, International Monetary Fund.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Paola Bongini & Małgorzata Iwanicz-Drozdowska & Paweł Smaga & Bartosz Witkowski, 2018. "In search of a measure of banking sector distress: empirical study of CESEE banking sectors," Risk Management, Palgrave Macmillan, vol. 20(3), pages 242-257, August.
- Mare, Davide Salvatore & Moreira, Fernando & Rossi, Roberto, 2017.
"Nonstationary Z-Score measures,"
European Journal of Operational Research, Elsevier, vol. 260(1), pages 348-358.
- Mare, Davide Salvatore & Moreira, Fernando & Rossi, Roberto, 2015. "Nonstationary Z-score measures," MPRA Paper 67840, University Library of Munich, Germany.
- Betz, Frank & Oprică, Silviu & Peltonen, Tuomas A. & Sarlin, Peter, 2014.
"Predicting distress in European banks,"
Journal of Banking & Finance, Elsevier, vol. 45(C), pages 225-241.
- Betz, Frank & Oprica, Silviu & Peltonen, Tuomas A. & Sarlin, Peter, 2013. "Predicting distress in European banks," Working Paper Series 1597, European Central Bank.
- Conlon, Thomas & Cotter, John & Molyneux, Philip, 2020.
"Beyond common equity: The influence of secondary capital on bank insolvency risk,"
Journal of Financial Stability, Elsevier, vol. 47(C).
- Thomas Conlon & John Cotter & Philip Molyneux, 2018. "Beyond Common Equity - The Influence of Secondary Capital on Bank Insolvency Risk," Working Papers 201806, Geary Institute, University College Dublin.
- Chiaramonte, Laura & Casu, Barbara, 2017. "Capital and liquidity ratios and financial distress. Evidence from the European banking industry," The British Accounting Review, Elsevier, vol. 49(2), pages 138-161.
- Andrea Flori & Simone Giansante & Claudia Girardone & Fabio Pammolli, 2021. "Banks’ business strategies on the edge of distress," Annals of Operations Research, Springer, vol. 299(1), pages 481-530, April.
- Avino, Davide E. & Conlon, Thomas & Cotter, John, 2019.
"Credit default swaps as indicators of bank financial distress,"
Journal of International Money and Finance, Elsevier, vol. 94(C), pages 132-139.
- Davide Avino & Thomas Conlon & John Cotter, 2016. "Credit Default Swaps as Indicators of Bank financial Distress," Working Papers 201601, Geary Institute, University College Dublin.
- Stelios Markoulis & Panagiotis Ioannou & Spiros Martzoukos, 2023. "Bank distress in the European Union 2008–2015: A closer look at capital, size and revenue diversification," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(1), pages 792-820, January.
- Hassan B. Ghassan & Stefano Fachin, 2016.
"Time series analysis of financial stability of banks: Evidence from Saudi Arabia,"
Review of Financial Economics, John Wiley & Sons, vol. 31(1), pages 3-17, November.
- Ghassan, Hassan B. & Fachin, Stefano, 2016. "Time series analysis of financial stability of banks: Evidence from Saudi Arabia," Review of Financial Economics, Elsevier, vol. 31(C), pages 3-17.
- Hassan, Ghassan & Stefano, Fachin, 2014. "Time Series Analysis of Financial stability of banks: Evidence from Saudi Arabia," MPRA Paper 71930, University Library of Munich, Germany, revised 05 Feb 2016.
- Mare, Davide Salvatore, 2015. "Contribution of macroeconomic factors to the prediction of small bank failures," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 39(C), pages 25-39.
- Nyola, Annick Pamen & Sauviat, Alain & Tarazi, Amine & Danisman, Gamze Ozturk, 2021.
"How organizational and geographic complexity influence performance: Evidence from European banks,"
Journal of Financial Stability, Elsevier, vol. 55(C).
- Pamen Annick & Alain Sauviat & Amine Tarazi, 2020. "How Organizational and Geographic Complexity Influence Performance? Evidence from European Banks," Working Papers hal-02966628, HAL.
- Schulte, Markus & Winkler, Adalbert, 2019. "Drivers of solvency risk – Are microfinance institutions different?," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 403-426.
- Giuliana Birindelli & Paola Ferretti & Giovanni Ferri & Marco Savioli, 2022. "Regulatory reform and banking diversity: reassessing Basel 3," Annals of Finance, Springer, vol. 18(4), pages 429-456, December.
- Saad Alsunbul & Basim Alzugaiby & Sajid Chaudhry & Rhada Boujlil, 2024. "The fatter the tail, the shorter the sail," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 64(1), pages 331-380, March.
- Theresa Schäfer & Sebastian Utz, 2022. "Values-Based and Global Systemically Important Banks: Their Stability and the Impact of Regulatory Changes After the Financial Crisis on it," Asia-Pacific Financial Markets, Springer;Japanese Association of Financial Economics and Engineering, vol. 29(1), pages 5-32, March.
- Cristian BARRA & Roberto ZOTTI, 2019. "Bank Performance, Financial Stability And Market Concentration: Evidence From Cooperative And Non‐Cooperative Banks," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 90(1), pages 103-139, March.
- Parrado-Martínez, Purificación & Gómez-Fernández-Aguado, Pilar & Partal-Ureña, Antonio, 2019. "Factors influencing the European bank’s probability of default: An application of SYMBOL methodology," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 61(C), pages 223-240.
- Papanikolaou, Nikolaos I., 2018.
"To be bailed out or to be left to fail? A dynamic competing risks hazard analysis,"
Journal of Financial Stability, Elsevier, vol. 34(C), pages 61-85.
- Nikolaos I. Papanikolaou, 2017. "To Be Bailed Out or To Be Left to Fail? A Dynamic Competing Risks Hazard Analysis," BAFES Working Papers BAFES12, Department of Accounting, Finance & Economic, Bournemouth University.
- Evžen Kočenda & Ichiro Iwasaki, 2022.
"Bank survival around the world: A meta‐analytic review,"
Journal of Economic Surveys, Wiley Blackwell, vol. 36(1), pages 108-156, February.
- Evzen Kocenda & Ichiro Iwasaki, 2021. "Bank Survival Around the World: A Meta-Analytic Review," Working Papers IES 2021/09, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Apr 2021.
- Kočenda, Evžen & Iwasaki, Ichiro, 2021. "Bank Survival Around the World A Meta‐Analytic Review," CEI Working Paper Series 2021-02, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
- Calice, Pietro, 2014. "Predicting bank insolvency in the Middle East and North Africa," Policy Research Working Paper Series 6969, The World Bank.
More about this item
Keywords
Bank distress; Z-score; CAMELS; Financial crisis;All these keywords.
JEL classification:
- G01 - Financial Economics - - General - - - Financial Crises
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:glofin:v:28:y:2015:i:c:p:111-131. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620162 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.