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Author: | Jordan, J. S. Peek, J. Rosengren, E. S. |
Title: | The market reaction to the disclosure of supervisory actions: implications for bank transparency |
Journal: | Journal of Financial Intermediation
2000 : JUL, VOL. 9:3, p. 298-319 |
Index terms: | Banks Business-government relations |
Language: | eng |
Abstract: | The stock market reaction to announcements of formal supervisory actions is examined. It is found that the variation in the quality and timeliness of disclosure by U.S. banks explains much of the variation in the market's reactions. |
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