Table 6 - uploaded by Ursel Baumann
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A number of policy proposals -such as Pillar 3 of Basel II -aim to develop a set of disclosure requirements that improves market participants' ability to assess a bank's value. Since disclosure might entail considerable costs, it is important to assess which disclosure items are most useful for financial markets and for the banks themselves before...
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Citations
... Most of 56 1.3 Disclosure, governance by financial market and financial stability the proposed literature are related to corporate governance such as Botosan (1997) or Leuz and Wysocki (2016) will be starting by the article Baumann & Nier (2003). Baumann & Nier (2003) shows which variables are the most significant when focusing on the impact of disclosure and market discipline on stock prices volatility for the banking industry. The authors decided to focus on the transparency prudential measure introduced by the Basel II Pillar 1 agreement. ...
... When the macroeconomic situation does not show good perspective, disclosure appears to be less beneficial than when the macroeconomic perspective is good. Baumann & Nier (2004) was purposely written to reinforce conclusions obtained in their previous paper (Baumann & Nier 2003) by studying the relationship between disclosure and the volatility of stock prices. They studied how standard deviation of weekly return for bank equity regardless to a transparency variable and a whole proxy of control variables (here: bank's size, dividend ratio, cost-toincome ratio, loan ratio, beta, leverage ratio, loan growth and return on assets).The database used in this article is composed of 600 banks of 31 countries over the period 1993-2000. ...
... The hypothesis used in this article are common in the literature: the first hypothesis concerns the existence of a negative relationship between higher levels of disclosure and the cost of equity and the second hypothesis concerns this time the relationship between disclosure level and the amount of analyst following, the number of news items and its accuracy to analysts forecast. The third hypothesis used in this empirical study states there is no statistical difference between disclosure categories in the reduction of capital, which is different than Baumann and Nier (2003). The last hypothesis is geographical and states that there is no constant change, in conclusion, across geographical locations. ...
This thesis tries to understand the relationship between banking disclosure and financial stability for several actors of bank's governance. Disclosure has a positive impact on financial market participant made possible by a reduction of the information premium. Regarding depositors, we decided to partially reject the hypothesis of perfect rationality by introducing the ambiguity notion. We were able to show that a negative relationship exists between ambiguity and deposit levels bath theoretically and empirically. Disclosure policies have therefore a negative impact on European total deposit empirically.
ASIAN DEVELOPMENT BANK INSTITUTE TOKYO, JAPAN 10 & 11 JUNE 2004 The views expressed in this paper are the views of the authors and do not necessarily reflect the views or policies of the Asian Development Bank Institute (ADBI), the Asian Development Bank (ADB), or its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms.
