Disclosure and bank risk: Evidence from European banks

Yener Altunbaş, Atiqur Khan, John Thornton

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Abstract

We employ a self-developed dictionary designed to analyze bank financial statements to study the link between disclosure and bank risk in a sample of 225 European banks over the period 2011-2017. Disclosure is associated with reduced default risk for all but the most aggressive risk-taking banks, with the result weakly conditional on capital strength. At the same time, disclosure appears to increase systemic risk for European banks.
Original languageEnglish
Article number104499
JournalFinance Research Letters
Volume58
Issue numberPart B
Early online date19 Sep 2023
DOIs
Publication statusPublished - Dec 2023

Keywords

  • : Disclosure, bank risk, European banks

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