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| Author: | Sinkey, J. F. Carter, D. A. |
| Title: | The reaction of bank stock prices to new of derivates losses by corporate clients |
| Journal: | Journal of Banking and Finance
1999 : DEC, VOL. 23:12, p. 1725-1743 |
| Index terms: | Banks Share prices Corporate finance |
| Language: | eng |
| Abstract: | The authors use seemingly-unrelated-regression (SUR) technique to explore bank stock-price reaction to announcements of derivates-related losses by Bankers Trust's corporate clients. The find significant negative abnormal returns on most event days for Bankers Trust, which indicate that these announcements constituted new information that was incorporated into share price. |
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