Journal of Banking & Finance Vol. 16 No. 6 1992
The market valuation effects of the Financial Institutions Reform, Recovery and Enforcement Act of 1989
open access
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.
- DOI
- 10.1016/0378-4266(92)90061-4
- Volume
- 16
- Issue
- 6
- Pages
- 1097-1122
- Language
- en
- Sources
- semanticscholar openalex crossref