search query: @author Akella, S. R. / total: 2
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| Author: | Akella, S. R. Chen, S.-J. |
| Title: | Interest rate sensitivity of bank stock returns: Specification effects and structural changes |
| Journal: | Journal of Financial Research
1990 : SUM, VOL. 13:2, p.147-154 |
| Index terms: | SHARE PRICES |
| Language: | eng |
| Abstract: | The paper analyzes the interest rate sensitivity of bank stock returns under alternative econometric specifications and the changes in the sensitivity over time. According to the results, the sensitivity depends on the specification and the period considered. The returns are sensitive to long-term government security returns and innovations, but are insensitive to short-term returns and innovations, except under one specification. |
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