Cole, Rebel; Moshirian, Fari; Wu, Qionbing - Volkswirtschaftliche Fakultät, … - 2007
between bank stock returns and future GDP growth that is independent of the previously documented relationship between market … index returns and economic growth. We also find that much of the informational content of bank stock returns is captured by … country-specific and institutional characteristics, such as bank-accounting-disclosure standards, banking crises, enforcement …