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Author:Millon Cornett, M.
Ors, E.
Tehranian, H.
Title:Bank performance around the introduction of a Section 20 subsidiary
Journal:Journal of Finance
2002 : FEB, VOL. 57:1, p. 501-521
Index terms:COMMERCIAL BANKS
PERFORMANCE APPRAISAL
SUBSIDIARY COMPANIES
USA
Language:eng
Abstract:As of 1987, commercial banks in the United States were allowed to establish Section 20 subsidiaries to conduct investment-banking activities. A concern of regulators was that these activities would result in a decrease in performance of commercial banks relative to the risk being undertaken. This paper examines the performance of commercial banks around the establishment of a Section 20 subsidiary.
SCIMA record nr: 233593
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