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The (In)Effectiveness of Announcements of Banking Bailouts
Fratianni, Michele U. - 2014
-2009 financial crisis. Governments injected into troubled institutions massive amounts of fresh capital and/or guaranteed bank assets … and liabilities. We employ event study methodology to estimate the impact of government-intervention announcements on bank … bank-and-time effects, virtually all announcement impacts vanish. The policy implication is that the large public …
Persistent link: https://www.econbiz.de/10013066552
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Bank Dividend-Cuts and the Stock Market Reaction Around the Great Recession
Zia, Mujtaba - 2018
We study investors' reaction to dividend decreases and omissions in the US banking industry during the Great Recession of 2007 and 2008 and compare it to the reaction in the years before and after the crisis. Conducting standard event study approach, we find that investors didn't react...
Persistent link: https://www.econbiz.de/10012928585
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Size Anomalies in U.S. Bank Stock Returns and Banking Reforms
Richardson, Gary; Yang, Brian - 2021
Using unique data on over-the-counter bank stock prices and balance sheet information we explore bank funding cost … largest commercial bank stocks, ranked by market value or gross deposits, have significant lower risk-adjusted annual returns … than do small sized bank stocks even after controlling for standard risk factors including size. This return difference is …
Persistent link: https://www.econbiz.de/10013240470
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The Value of Being Systemically Important : Event Study on Regulatory Announcements for Banks
Kleinow, Jacob - 2015
It is assumed that the awarding of a "systemic importance" seal by the regulator has a positive effect on the equity value of its holder. By employing an event study analysis on a new set of regulatory announcements, we find that financial market participants react to these announcements which...
Persistent link: https://www.econbiz.de/10013034358
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Internal Corporate Governance and the Financial Crisis : Lessons for Banks, Regulators and Supervisors
Gualandri, Elisabetta - 2011
Persistent link: https://www.econbiz.de/10013117550
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'Too Big to Fail' or 'Too Non-Traditional to Fail'? : The Determinants of Banks' Systemic Importance
Moore, Kyle - 2013
This paper empirically analyzes the determinants of banks' systemic importance. In constructing a measure on the systemic importance of financial institutions we find that size is a leading determinant. This confirms the usual "Too big to fail" argument. Nevertheless, banks with size above a...
Persistent link: https://www.econbiz.de/10013091736
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The Banking Bailout of the Subprime Crisis : Size and Effects
Fratianni, Michele U. - 2014
This paper examines government policies aimed at rescuing banks from the effects of the great financial crisis of 2007-2009. To delimit the scope of the analysis, we concentrate on the fiscal side of interventions and ignore, by design, the monetary policy reaction to the crisis. The policy...
Persistent link: https://www.econbiz.de/10013068201
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Banks' Great Bailout of 2008-2009
Fratianni, Michele U. - 2014
This paper examines government policies aimed at rescuing banks from the effects of the financial crisis of 2007-2009. To delimit the scope of the analysis, we concentrate on the fiscal side of interventions and ignore, by design, the monetary policy reaction to the crisis. The policy response...
Persistent link: https://www.econbiz.de/10013070257
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Institutional Diversity in Domestic Banking Sectors and Bank Stability : A Cross-Country Study
Baum, Christopher F. - 2020
This paper analyzes the causal relationship between institutional diversity in domestic banking sectors and bank … stability. We use a large bank- and country-level unbalanced panel data set covering the EU member states' banking sectors … of institutional diversity in the domestic banking sector positively affects bank stability. The positive relationship …
Persistent link: https://www.econbiz.de/10012833711
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Banks’ Profitability, Institutions, and Regulation in the Context of the Financial Crisis
Teixeira, João C. A. - 2020
This paper empirically examines how banks' dividend policy, the institutional environment, and banking regulation affects banks' profitability using panel data of a sample of 567 banks, mainly from Organisation for Economic Cooperation and Development countries, for 2004–2015. It further...
Persistent link: https://www.econbiz.de/10012839032