cumulative abnormal returns (|CAR|) of stress-tested bank holding companies averages almost 3 percent. Cumulative abnormal … Sapra (2014) but find no evidence of negative welfare costs associated with the disclosure of stress test results. …

This paper reviews the market reaction to bank rescue packages announced in six countries between October 2008 and … shareholders as seen in the movement of bank stock prices. Government interventions benefited creditors at the expense of … shareholders, with bank CDS spreads narrowing around the announcements in all cases. Despite a brief positive reaction, bank stock …

This paper attempts to investigate the impact of credit information sharing on bank-specific stock price crash risk …

on the equity market valuation of participating bank holding companies (CPP banks). We document substantial negative … valuation relative to bank holding companies not participating in the program. We show that our findings cannot be explained by …

Using a comprehensive sample of over 10,000 bank loan announcements, we find results that differ from the findings of … Maskara and Mullineaux (JFE 2011) and also that of Fields et al (JMCB 2006), which indicated that announcement effect of bank … loans on borrower stocks disappeared as of late. We find bank loan announcements still have significant impact on borrowing …