Contents

Factors Driving the Prompt Corrective Action of Supervisory Authorities: Evidence from Korea's Savings Banks

Sohn, Wook / Sim, Eun Sup

DC Field Value Language
dc.contributor.authorSohn, Wook-
dc.contributor.authorSim, Eun Sup-
dc.date.available2018-12-06T04:42:30Z-
dc.date.created2017-12-29-
dc.date.issued2015-11-
dc.identifier.issn1540-496X-
dc.identifier.urihttp://archives.kdischool.ac.kr/kdi_dev/handle/11125/28569-
dc.identifier.uri10.1080/1540496X.2014.1013876-
dc.description.abstractKorea's savings banks that expanded their number of high-risk loans experienced defaults after the 2008 global financial crisis. We consider the prompt corrective action (PCA) to analyze factors that drive savings banks to failure given that an order for PCA by a supervisory authority normally leads to default. We conduct discrete choice models to estimate the probability of PCA using 2005-11 data on 103 Korea savings banks. We find that the postexamination actions taken by supervisory authorities and a rapid increase in loans increase the possibility of PCA. These results suggest that depositors and the market can reduce the costs incurred from defaults by identifying information that predicts PCA.-
dc.languageEnglish-
dc.publisherROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD-
dc.subjectRISK-TAKING-
dc.subjectCOMPETITION-
dc.titleFactors Driving the Prompt Corrective Action of Supervisory Authorities: Evidence from Korea's Savings Banks-
dc.typeArticle-
dc.identifier.bibliographicCitationEMERGING MARKETS FINANCE AND TRADE, v.50, no.6, pp.90 - 101-
dc.description.journalClass1-
dc.identifier.wosid000352861600007-
dc.citation.endPage101-
dc.citation.number6-
dc.citation.startPage90-
dc.citation.titleEMERGING MARKETS FINANCE AND TRADE-
dc.citation.volume50-
dc.contributor.affiliatedAuthorSohn, Wook-
dc.identifier.doi10.1080/1540496X.2014.1013876-
dc.identifier.scopusid2-s2.0-84938836221-
dc.type.docTypeArticle-
Files in This Item:
    There are no files associated with this item.
Appears in Collections:

Click the button and follow the links to connect to the full text. (KDI CL members only)

qrcode

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.