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Contrôle prudentiel et détection des difficultés financières des banques : Quel est l'apport de l'information de marché ?

Author

Listed:
  • Isabelle Distinguin

    (LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges)

  • Philippe Rous

    (LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges)

  • Amine Tarazi

    (LAPE - Laboratoire d'Analyse et de Prospective Economique - GIO - Gouvernance des Institutions et des Organisations - UNILIM - Université de Limoges)

Abstract

This paper studies the role that can be played by the stock market in the early detection of bank financial distress. We test the additional contribution of market indicators to accounting indicators in the European case and its accuracy for opaque institutions. We show that the significance of the marginal contribution of market indicators is dependent on the extent to which bank liabilities are market traded. For banks heavily relying on deposits, the market does not convey useful information even when more subordinated debt is issued.

Suggested Citation

  • Isabelle Distinguin & Philippe Rous & Amine Tarazi, 2006. "Contrôle prudentiel et détection des difficultés financières des banques : Quel est l'apport de l'information de marché ?," Post-Print hal-00794219, HAL.
    • Handle: RePEc:hal:journl:hal-00794219
    DOI: 10.3917/reco.573.0497
    Note: View the original document on HAL open archive server: https://unilim.hal.science/hal-00794219
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    1. Isabelle Distinguin & Philippe Rous & Amine Tarazi, 2006. "Market Discipline and the Use of Stock Market Data to Predict Bank Financial Distress," Journal of Financial Services Research, Springer;Western Finance Association, vol. 30(2), pages 151-176, October.
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    More about this item

    Keywords

    G21; G28;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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