Banks have been at the center-stage of the recent financial crisis due to their significant exposures to real estate and sovereign risks. In this paper we analyze the magnitude and changes in risk exposures that are reflected in bank stock returns within the European Monetary Union (EMU) and the...

The global financial crisis significantly affected the viability of the financial system and the structure of equity markets. In this study, we investigate the phenomenon of family and non-family firms' delisting decisions from the Prime Standard, the highest regulated stock market segment in...

We analyze the capital market assessment of bank risk factors in Europe and the United States for the 1990–2011 period. The focus is on bank stock returns in a multi-factor framework that includes interest rate risk and market risk as well as credit risk, real estate risk, sovereign risk, and...