search query: @author Perfect, S. / total: 3
reference: 2 / 3
| Author: | Clark, J. Perfect, S. |
| Title: | The economic effects of client losses on OTC bank derivative dealers: evidence from the capital market |
| Journal: | Journal of Money, Credit and Banking
1996 : AUG, VOL. 28:3, p. 527-545 |
| Index terms: | BANKING CREDIT CLIENTS |
| Language: | eng |
| Abstract: | The purpose of this paper is to evaluate the capital markets' response to the announcement of OTC derivative losses by four clients of Bankers Trust New York Corporation during the first nine months of 1994. A seemingly unrelated, multivariate regression methodology (hereafter SURMRM) is employed to estimate the abnormal returns experienced by Bankers Trust and eights other major bank OTC derivative dealers as a result of the announcement of these end-user losses, claim the authors of the article. |
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