Krishnan, C.N.V. (contributor); … - 2003 - [Elektronische Ressource]
. To evaluate whether subordinated debt enhances risk monitoring, we
extract the credit-spread curve for each banking firm … in our sample and examine whether changes in
credit spreads reflect changes in bank risk variables, after controlling for … benefits of enhancing risk monitoring or controlling risk-taking.
JEL Classification: G12, G21, G28
Key Words: credit spreads …