CEBA OF 1987 AND THE SECURITY RETURNS AND MARKET RISK OF SAVINGS-AND-LOAN INSTITUTIONS

被引：6

作者：

ALEXANDER, JC ^{[1
]}

SPIVEY, MF ^{[1
]}

机构：

[1] CLEMSON UNIV,DEPT FINANCE,SIRRINE HALL,BOX 341323,CLEMSON,SC 29634

来源：

JOURNAL OF BANKING & FINANCE | 1994年 / 18卷 / 06期

关键词：

REGULATION; FINANCIAL INSTITUTIONS; CEBA;

D O I：

10.1016/0378-4266(94)00068-9

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This article examines the market reaction to announcements leading to the eventual passage of the Competitive Equality Banking Act (CEBA) of 1987 using portfolios of savings and loans. Negative announcement effects of the CEBA legislation are observed for well capitalized savings and loans and positive announcement effects are observed for less capitalized savings and loans. The evidence also indicates that the market risk for the less capitalized savings and loans decreased following the passage of the CEBA legislation.

引用

页码：1205 / 1215

页数：11

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