Docking, Diane Scott; Hirschey, Mark; Jones, Elaine - In: Review of Quantitative Finance and Accounting 15 (2000) 3, pp. 277-97
Significant own and contagious stock-price effects of bank LLR announcements exist despite the fact that these accounting adjustments have no concurrent cash-flow implications. Consistent with expected information effects, negative abnormal returns surrounding LLR announcements tend to be much...