haku: @author Houston, J. / yhteensä: 4
viite: 2 / 4
| Tekijä: | Flannery, M. Houston, J. |
| Otsikko: | The value of a government monitor for US banking firms |
| Lehti: | Journal of Money, Credit and Banking
1999 : FEB, VOL. 31:1, p. 14-34 |
| Asiasana: | USA BANKING COMPANIES |
| Kieli: | eng |
| Tiivistelmä: | Do federal bank examinations add value to the market's supervisory process? To address this question, the authors investigate whether Federal Reserve inspections of bank holding companies affect the association between banks' reported book values and the market value of their equity. Using data from the fourth quarters of 1988 and 1990, they find that the market is aware of bank examinations and takes them into account when valuing bank stocks. |
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