ADDITIONS TO BANK LOAN-LOSS RESERVES - GOOD-NEWS OR BAD-NEWS

被引：37

作者：

GRAMMATIKOS, T ^{[1
]}

SAUNDERS, A ^{[1
]}

机构：

[1] NYU,STERN SCH BUSINESS,NEW YORK,NY 10006

来源：

JOURNAL OF MONETARY ECONOMICS | 1990年 / 25卷 / 02期

关键词：

D O I：

10.1016/0304-3932(90)90017-X

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper examines the effects of Citicorp's and succeeding banks' loan-loss reserve announcements in 1987. It was found that while the average effect on bank stock return portfolios was weak, the effect on individual bank returns was heterogeneous. Tests were undertaken to determine which bank-specific variables explained the latter result. Two significant variables were the size of a banks' LDC debt exposure and its position in LDC rescheduling committees. © 1990.

引用

页码：289 / 304

页数：16

共 16 条

[1] MEASURING THE EFFECTS OF REGULATION WITH STOCK-PRICE DATA [J].