Potential of market discipline in Pakistan

Potential of market discipline in Pakistan

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The aim of this research is to ascertain whether Pakistana€™s financial system is conducive to market discipline. We measure the potential of depositors to induce market discipline in the commercial banking sector. A comprehensive survey of over six thousand respondents was used to gauge their propensity to discipline bank management in response to deteriorating financial conditions. Our results portray that depositors are likely to withdraw funds in response to a reduction in profitability, an increase in non-performing loans, and a reduction in total assets. We identify that banks with better service quality are less sensitive to deposit withdrawals in the event of a reduction in their financial performance. Among other findings, the presence of contractual guarantees by the government desensitizes depositors to market information, making them less likely to be involved in imposing market discipline.... (PSSP) is an initiative to strengthen evidence-based policymaking in Pakistan in the areas of rural and agricultural development. ... The goals of the CGP are to strengthen social science research within the academic community of Pakistan and to ... ABOUT THE AUTHORS Nawazish Mirza, Associate Professor of Finance, SP Jain School of Global Management, Dubai Campus, United Arab Emirates.

Title:Potential of market discipline in Pakistan
Author: Mirza, Nawazish, Naqvi, Bushra, Rizvi, Syed Kumail Abbas, Rahat, Birjees
Publisher:Intl Food Policy Res Inst - 2016-04-15

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