Kim, Dong H.; Stock, Duane - In: Journal of Corporate Finance 18 (2012) 5, pp. 1121-1142
The October 14, 2008 TARP program mandated a forced issuance of TARP preferred stock by the largest U.S. banks. Soon … after, many smaller banks were not forced but chose to issue TARP preferred stock after being approved for issuance. We … investigate the impact of TARP preferred issuance upon bonds, preferred stock, and common stock. In particular, we focus upon two …