Acharya, V. V., Davydenko, S. A., Strebulaev, I. A., 2012. Cash holdings and credit risk. Review of Financial Studies 25 (12), 3572–3609.
Acharya, V. V., Shin, H. S., Yorulmazer, T., 2011. Crisis resolution and bank liquidity. Review of Financial Studies 24 (6), 2166–2205.
Altınkılıç, O., Hansen, R. S., 2009. On the information role of stock recommendation revisions. Journal of Accounting and Economics 48 (1), 17–36.
Angrist, J., Pischke, J.-S., 2009. Mostly Harmless Econometrics: An Empiricist ’s Companion. Princeton University Press.
- Arand, D., Kerl, A. G., 2012. Analyst research and investor reactions: Evidence from the 2008 financial crisis. Working paper, University of Giessen.
Paper not yet in RePEc: Add citation now
Billett, M. T., Garfinkel, J. A., 2004. Financial flexibility and the cost of external finance for US bank holding companies. Journal of Money, Credit, and Banking 36 (5), 827–852.
Boni, L., Womack, K. L., 2006. Analysts, industries, and price momentum. Journal of Financial and Quantitative Analysis 41 (01), 85–109.
- Calomiris, C. W., Heider, F., Hoerova, M., 2012. A theory of bank liquidity requirements. Working paper.
Paper not yet in RePEc: Add citation now
Calomiris, C. W., Kahn, C. M., 1991. The role of demandable debt in structuring optimal banking arrangements. The American Economic Review 81 (3), 497– 513.
Cameron, A. C., Gelbach, J. B., Miller, D. L., 2011. Robust inference with multiway clustering. Journal of Business & Economic Statistics 29 (2), 238– 249.
Chung, D., Hrazdil, K., 2010. Liquidity and market efficiency: A large sample study. Journal of Banking & Finance 34 (10), 2346–2357.
Cornett, M. M., McNutt, J. J., Strahan, P. E., Tehranian, H., 2011. Liquidity risk management and credit supply in the financial crisis. Journal of Financial Economics 101 (2), 297–312.
Cremers, M., Petajisto, A., Zitzewitz, E., 2013. Should benchmark indices have alpha? revisiting performance evaluation. Critical Finance Review 2 (1), 1– 48.
- Dermine, J., Schoenmaker, D., 2010. In banking, is small beautiful? Financial Markets, Institutions & Instruments 19 (1), 1–19.
Paper not yet in RePEc: Add citation now
Drobetz, W., Grüninger, M. C., Hirschvogl, S., 2010. Information asymmetry and the value of cash. Journal of Banking & Finance 34 (9), 2168–2184.
Faff, R., 2004. A simple test of the Fama and French model using daily data: Australian evidence. Applied Financial Economics 14 (2), 83–92.
Fama, E. F., French, K. R., 1992. The cross-section of expected stock returns. The Journal of Finance 47 (2), 427–465.
Fama, E. F., French, K. R., 2012. Size, value, and momentum in international stock returns. Journal of Financial Economics 105 (3), 457–472.
Flannery, M. J., 1994. Debt maturity and the deadweight cost of leverage: Optimally financing banking firms. The American Economic Review 84 (1), 320– 331.
Flannery, M. J., Kwan, S. H., Nimalendran, M., 2004. Market evidence on the opaqueness of banking firms’ assets. Journal of Financial Economics 71 (3), 419–460.
Flannery, M. J., Kwan, S. H., Nimalendran, M., 2013. The 2007-09 financial crisis and bank opaqueness. Journal of Financial Intermediation 22 (1), 55– 84.
Genay, H., 1998. Assessing the condition of Japanese banks: how informative are accounting earnings? Economic Perspectives – Federal Reserve Bank of Chicago 22 (4), 12–34.
Goldsmith-Pinkham, P., Yorulmazer, T., 2010. Liquidity, bank runs, and bailouts: spillover effects during the Northern Rock episode. Journal of Financial Services Research 37 (2-3), 83–98.
Gorton, G., Metrick, A., 2012. Securitized banking and the run on repo. Journal of Financial Economics 104 (3), 425–451.
- Guttman, I., 2010. The timing of analysts’ earnings forecasts. The Accounting Review 85 (2), 513–545.
Paper not yet in RePEc: Add citation now
Huang, R., Ratnovski, L., 2011. The dark side of bank wholesale funding. Journal of Financial Intermediation 20 (2), 248–263.
- Huizinga, H., Laeven, L., 2011. Bank valuation and accounting discretion during a financial crisis. Journal of Financial Economics 106 (3), 614–634.
Paper not yet in RePEc: Add citation now
Hyytinen, A., Takalo, T., 2002. Enhancing bank transparency: A re-assessment. European Finance Review 6 (3), 429–445.
Iannotta, G., 2006. Testing for opaqueness in the European banking industry: Evidence from bond credit ratings. Journal of Financial Services Research 30 (3), 287–309.
Jensen, M. C., 1986. Agency costs of free cash flow, corporate finance, and takeovers. The American Economic Review 76 (2), 323–329.
Jones, J. S., Lee, W. Y., Yeager, T. J., 2012. Opaque banks, price discovery, and financial instability. Journal of Financial Intermediation 21 (3), 383–408.
Jones, J. S., Lee, W. Y., Yeager, T. J., 2013. Valuation and systemic risk consequences of bank opacity. Journal of Banking & Finance 37 (3), 693–706.
- Kolasinski, A., Siegel, A., 2010. On the economic meaning of interaction terms in logit and probit models. Working paper, University of Washington.
Paper not yet in RePEc: Add citation now
Livingston, M., Naranjo, A., Zhou, L., 2007. Asset opaqueness and split bond ratings. Financial Management 36 (3), 49–62.
Ljungqvist, A., Malloy, C., Marston, F., 2009. Rewriting history. The Journal of Finance 64 (4), 1935–1960.
Loh, R. K., Stulz, R. M., 2011. When are analyst recommendation changes influential? Review of Financial Studies 24 (2), 593–627.
Loh, R. K., Stulz, R. M., 2014. Is sell-side research more valuable in bad times? Working Paper 19778, National Bureau of Economic Research.
Mody, A., Sandri, D., 2012. The eurozone crisis: how banks and sovereigns came to be joined at the hip. Economic Policy 27 (70), 199–230.
Morgan, D. P., 2002. Rating banks: Risk and uncertainty in an opaque industry. The American Economic Review 92 (4), 874–888.
Opler, T., Pinkowitz, L., Stulz, R., Williamson, R., 1999. The determinants and implications of corporate cash holdings. Journal of Financial Economics 52 (1), 3–46.
Petersen, M. A., 2009. Estimating standard errors in finance panel data sets: Comparing approaches. Review of Financial Studies 22 (1), 435–480.
Ratnovski, L., 2013. Liquidity and transparency in bank risk management. Journal of Financial Intermediation 22 (3), 422–439.
- Stickel, S. E., 1995. The anatomy of the performance of buy and sell recommendations. Financial Analysts Journal 51 (5), 25–39.
Paper not yet in RePEc: Add citation now
Szafarz, A., 2012. Financial crises in efficient markets: How fundamentalists fuel volatility. Journal of Banking & Finance 36 (1), 105–111.
Vyas, D., 2011. The timeliness of accounting write-downs by US financial institutions during the financial crisis of 2007–2008. Journal of Accounting Research 49 (3), 823–860.
Wagner, W., 2007a. Financial development and the opacity of banks. Economics Letters 97 (1), 6–10.
Wagner, W., 2007b. The liquidity of bank assets and banking stability. Journal of Banking & Finance 31 (1), 121–139.
Welch, I., 2000. Herding among security analysts. Journal of Financial Economics 58 (3), 369–396.
Womack, K. L., 1996. Do brokerage analysts’ recommendations have investment value? The Journal of Finance 51 (1), 137–167.