Wang, Chih-Yung; Chen, Yu-Fen; Tung, Gu-Shin - In: Emerging Markets Finance and Trade 46 (2010) 1, pp. 27-33
This paper examines the link between the issuance of subordinated debt by commercial banks and market discipline. Using … conclude that the application of subordinated debt is not a mature channel for providing market discipline for commercial banks …