Depositor market discipline: New evidence from selling failed banks
研究了美国2007-2014年间健康银行收购失败银行后，存款人的行为变化，发现存款人会惩罚收购方，这可能与资产质量和贷款结构有关。
This paper studies depositor behavior following the acquisition of failed banks by healthy banks in FDIC-supervised transactions. Using a US bank branch-based dataset spanning 2007 to 2014 we find that failed bank depositors discipline acquiring banks post-resolution. This appears to be related to features of the acquiring banks' asset quality and loan composition, but it may also be linked to irrational desciplinary behavior or post acquisition integration issues. We also find some evidence that depositor market discipline may have an impact on the competitive fetaures of local banking markets post resolution.