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DOES CORRUPTION-RELATED DISCLOSURE TRIGGER MARKET DISCIPLINE? EVIDENCE FROM THE BANKING SECTOR OF THE GIPSI COUNTRIES

Pablo Andrés et al.

Journal of Financial Management, Markets and Institutions2025https://doi.org/10.1142/s2282717x25500045article
AJG 1ABDC C
Weight
0.50

What the paper says

This paper investigates the relationship between corruption-related disclosure in banking and the market discipline exercised by depositors. We examine to what extent depositors penalize banks that are opaque with reference to their corruption-related disclosures by demanding higher interest rates for their deposits. By focusing on the banking industry of the GIPSI countries (Greece, Ireland, Portugal, Spain and Italy), we show that banks which disclose less on corruption-related issues tend to be penalized by depositors, who ask for higher interest rates, likely to counterbalance the negative consequences of possible involvement of such banks in corruption scandals. These basic relationships are shaped by specific bank-level characteristics and by the features of each country in terms of institutional quality.

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https://doi.org/https://doi.org/10.1142/s2282717x25500045

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@article{pablo2025,
  title        = {{DOES CORRUPTION-RELATED DISCLOSURE TRIGGER MARKET DISCIPLINE? EVIDENCE FROM THE BANKING SECTOR OF THE GIPSI COUNTRIES}},
  author       = {Pablo Andrés et al.},
  journal      = {Journal of Financial Management, Markets and Institutions},
  year         = {2025},
  doi          = {https://doi.org/https://doi.org/10.1142/s2282717x25500045},
}

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DOES CORRUPTION-RELATED DISCLOSURE TRIGGER MARKET DISCIPLINE? EVIDENCE FROM THE BANKING SECTOR OF THE GIPSI COUNTRIES

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Evidence weight

0.50

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.50 × 0.4 = 0.20
M · momentum0.50 × 0.15 = 0.07
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.