search query: @author Tehranian, H. / total: 14
reference: 9 / 14
| Author: | Cornett, M.M. Tehranian, H. |
| Title: | An examination of the impact of the Garn-St.Germain depository institutions act of 1982 on commercial banks and savings and loans |
| Journal: | Journal of Finance
1990 : MAR, VOL. 45:1, p. 95-111 |
| Index terms: | STOCK OWNERSHIP RETURN ON INVESTMENT FINANCIAL SYSTEMS DEPOSIT BANKS SHARE PRICES USA |
| Language: | eng |
| Abstract: | The effects of events leading to the passage of the Garn-St. Germain Depository Institutions Act of 1982 are evaluated. The evidence suggests that the passage of the bill produced positive abnormal returns to stockholders of large savings and loans and commercial banks. Stockholders of small S&Ls and banks, on the other hand, generally experienced negative abnormal returns. Furthermore, when hopes of passage of the Act faded, significant negative (positive) abnormal returns were experienced by stockholders of large (small) S&Ls and banks. |
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