Chan-Lau, Jorge A.
[Verfasser:in]
;
Liu, Estelle
[Sonstige Person, Familie und Körperschaft];
Schmittmann, Jochen
[Sonstige Person, Familie und Körperschaft]
Equity Returns in the Banking Sector in the Wake of the Great Recession and the European Sovereign Debt Crisis
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2012 erstellt
Beschreibung:
This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk and to a lesser extent, by deteriorating funding conditions and investor sentiment. While the equity return performance in the banking sector has been dismal in general, better capitalized and less leveraged banks have outperformed their peers, a finding that supports policymakers’ efforts to strengthen bank capitalization