Elijah Brewer, III; Genay, Hesna; Hunter, William C.; … - Federal Reserve Bank of Chicago - 1999
The efficiency of Japanese stock market to appropriately price the riskiness of Japanese firms has been frequently … paper examines the response in the stock market returns of Japanese commercial banks to the failure of four commercial banks … and two securities firms between 1995 and 1998. The analysis finds that the stock market responded to new information of …