We examine the effects of opacity on bank valuation and the synchronicity of bank equity prices over the years 2000-2006 prior to the 2007 financial crisis. Investments in opaque assets are more profitable than transparent assets, and controlling for profitability, have larger valuation...

Sociology from Economics Sociology from Economics Sociology from Economics -- Phoenix from the Ashes Phoenix from the Ashes Phoenix from the Ashes -- Storm Clouds Storm Clouds Storm Clouds -- Nationalism and Social Nationalism and Social Nationalism and Social Cohesion Cohesion Cohesion -- State...