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The market valuation effects of the Financial Institutions Reform, Recovery and Enforcement Act of 1989.
Document Type
Article
Publication Date
1992
ISSN
0378-4266
Abstract
This paper evaluates the stock market effects of events leading to the passage of the Financial Institutions Reforms, Recovery, and Enforcement Act of 1989. The evidence suggests that the signing of the Act by President Bush produced positive abnormal returns for both banks and S&Ls and that the addition of tougher capital standards produced positive returns for S&Ls. In addition, the Act increased the risk of both banks and S&Ls.
Language
en_US
Publisher
Elsevier
Recommended Citation
Sundaram, S., Rangan, N. & Davidson, W.N., III. (1992). The market valuation effects of the Financial Institutions Reform, Recovery and Enforcement Act of 1989. Journal of Banking and Finance, 16, 1097-1122. doi: 10.1016/0378-4266(92)90061-4
Creative Commons License
This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 4.0 License.
Comments
Citation only. Full-text article is available through licensed access provided by the publisher. Members of the USF System may access the full-text of the article through the authenticated link provided.