Acharya, Viral V. (contributor); … - 2002 - [Elektronische Ressource]
discussed below).
Most empirical investigations of bank contagion are event studies of bank stock price
reactions in response to … bad news. These studies4 estimate a market model for bank returns
in a historical period before the event conveying bad … the
event. Significant negative abnormal returns are regarded as evidence for contagion. These
studies generally conclude …