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 …