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Die Krise des Bankhauses Baring : ein systembedingter Marktfehler
Juchems, Alexander - In: Ifo Schnelldienst 48 (1995) 08, pp. 22-25
Die Krise des Bankhauses Baring wurde von Spekulationen mit Derivaten, in diesem Fall mit Futures und Optionen ausgelöst. Sie stellt einen Einschnitt in der Entwicklung der Finanzmärkte dar, denn sie hat neue Risiken deutlich gemacht. Um ähnliche - möglicherweise noch weitreichendere -...
Persistent link: https://www.econbiz.de/10005056095
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Andersen implosion over Enron: an analysis of the contagion effect on Fortune 500 firms
Cross, Joann Noe; Kunkel, Robert A. - In: Managerial Finance 38 (2012), pp. 678-688
Purpose – The purpose of this paper is to examine how the Andersen implosion over Enron impacted Fortune 500 firms that were competitors of Enron and/or audited by Andersen. This event provides an opportunity to study various contagion effects. Design/methodology/approach – An event study...
Persistent link: https://www.econbiz.de/10010814896
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Do airlines always suffer from crashes?
Ho, Jerry C.; Qiu, Mei; Tang, Xiaojun - In: Economics Letters 118 (2013) 1, pp. 113-117
We examine the impact of aviation disasters on the stock prices of the crash airlines and their rival airlines. Results show that the crash airlines experience deeper negative abnormal returns as the degree of fatality increases. The stock prices of the rival airlines also suffer in large-scale...
Persistent link: https://www.econbiz.de/10010603122
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How Does the Stock Market Respond to Chemical Disasters?
Laguna, Marie-Aude; Capelle-Blancard, Gunther - HAL - 2010
In this paper, we examine the stock market reaction to industrial disasters. We consider an original sample of 64 explosions in chemical plants and refineries worldwide over the period 1990-2005. A quarter of the accidents resulted in a toxic release, and half of them caused at least one death...
Persistent link: https://www.econbiz.de/10010635087
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How does the stock market respond to chemical disasters?
Capelle-Blancard, Gunther; Laguna, Marie-Aude - Université Paris-Dauphine (Paris IX) - 2010
In this paper,we examine the stock market reaction to industrial disasters. We consider an original sample of 64 explosions in chemical plants and refineries worldwide over the period 1990-2005. A quarter of the accidents resulted in a toxic release,and half of them caused at least one death or...
Persistent link: https://www.econbiz.de/10010708253
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Risikoselektion und Risikoausgleich am Beispiel der gesetzlichen Krankenkassen in Deutschland
Dieterich, Felix - Volkswirtschaftliche Fakultät, … - 2005
This paper deals with the phenomenon of risk-selection and its appearance in the german compulsory health insurance …
Persistent link: https://www.econbiz.de/10005649813
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Is Access to Credit a Constraint for Latin American Enterprises? An Empirical Analysis with Firm-Level Data
Presbitero, Andrea Filippo; Rabellotti, Roberta - Money and Finance Research group (Mo.Fi.R.) - 2014
and led to bank restructuring and consolidation. This paper looks at firm access to credit in the region, focusing on the … role of credit market structure. Using firm-level data from theWorld Bank Enterprise Survey, we find that access to bank … likely to be financially constrained. We also find that a high degree of bank penetration and competition are significantly …
Persistent link: https://www.econbiz.de/10010943309
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The fading stock market response to announcements of bank bailouts
Fratianni, Michele; Marchionne, Francesco - Money and Finance Research group (Mo.Fi.R.) - 2013
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 …
Persistent link: https://www.econbiz.de/10010610095
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The fading stock market response to announcements of bank bailouts
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 …
Persistent link: https://www.econbiz.de/10010636142
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The banking bailout of the subprime crisis: Was the bang worth the buck?
Fratianni, Michele; Marchionne, Francesco - In: Journal of International Financial Markets, … 23 (2013) C, pp. 240-264
We employ event study methodology to examine government policies aimed at rescuing banks from the effects of the 2008–2009 financial crisis. Announcements directed at the banking system as a whole were associated with positive cumulative abnormal returns, whereas announcements directed at...
Persistent link: https://www.econbiz.de/10010603082