Gillet, Roland; Hübner, Georges; Plunus, Séverine - Solvay Brussels School of Economics and Management, … - 2010
By examining stock market reactions to the announcement of operational losses by financial companies, this paper attempts to disentangle operational losses from reputational damage. Our analysis deals with 154 events coming from the FIRST database of OpVantage. Events occurred between 1990 and...