This study investigates the link between capital market discipline and bank-level credit risk with a special emphasis on the role of bank ownership structure. Focusing on a large emerging market, Türkiye, characterized by a prominent state bank presence, our baseline regression results indicate...

We investigate how a change in regulatory oversight affects bank risk. Using the passage of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 as a setting, and a sample of bank holding companies (BHCs) over the period 2015Q1 through 2020Q1, we find that risk increases...

This study investigates the link between capital market discipline and bank-level credit risk with a special emphasis on the role of bank ownership structure. Focusing on a large emerging market, Turkey, characterized by prominent state bank presence, our baseline regression results indicate...