... regressions. For robustness purposes, the authors use multiple measures of both societal trust and bank opacity as well as two-stage least squares regressions to address endogeneity concerns. Findings The authors find that societal trust is negatively associated with the opacity of bank portfolios...

... show that the EU-wide 2018 and 2021 stress tests come subsequent to considerable abnormal price movements. The announcement of stress test results triggered tangible investor reactions, indicating the informational value of stress tests in reducing bank opacity. This supervisory “toolkit” is considered...

... and this way to increase bank opacity. Regarding WD, there are no recent international papers to the best of my knowledge and for sure it is the first study which examines WD for the Greek case. What can this paper contribute to the WD literature? Firstly, it adds empirical research in a field of study...

... opaque than assets of other firms, lead us to hypothesize: H1. If banks are more opaque than firms in other industries, they should exhibit higher stock returns synchronicity. © Emerald Group Publishing Limited 2012 Bank opacity Synchronicity Crash risk Disclosure...