Fratianni, Michele; Marchionne, Francesco - In: Journal of Financial Stability 9 (2013) 1, pp. 69-89
We analyze the effects on bank valuation of government policies aimed at shoring up banks’ financial conditions during …/or guaranteed bank assets and liabilities. We employ event study methodology to estimate the impact of government …-intervention announcements on bank valuation. Using traditional approaches, announcements directed at the banking system as a whole were …