Market Discipline through Credit Ratings and Too‐Big‐to‐Fail in Banking

Autor: Sascha Kolaric, Steven Ongena, Florian Kiesel

Publikováno v: Kolaric, S, Kiesel, F & Ongena, S 2021, ' Market discipline through credit ratings and too-big-to-fail in banking ', Journal of Money, Credit and Banking, vol. 53, no. 2-3, pp. 367-400 . https://doi.org/10.1111/jmcb.12789
Journal of Money, Credit and Banking

Do credit ratings help enforce market discipline on banks? Analyzing a uniquely comprehensive data set consisting of 1,081 rating change announcements for 154 international financial institutions between January 2004 and December 2015, we find that r

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::75ff92b8e6e290ba95f134cdcf38ac42
https://doi.org/10.1111/jmcb.12789

Should I stay or should I go? Stock market reactions to companies' decisions in the wake of the Russia-Ukraine conflict

Autor: Marc Berninger, Florian Kiesel, Sascha Kolaric

Publikováno v: SSRN Electronic Journal.

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::98d0b41cd9afb4ac0ca70808b15f3b7d
https://doi.org/10.2139/ssrn.4088159

Settlement agreement types of federal corporate prosecution in the U.S. and their impact on shareholder wealth

Autor: Sascha Kolaric, C. Flore, Dirk Schiereck

Publikováno v: Journal of Business Research. 76:145-158

This paper analyzes the shareholder wealth effects of corporate prosecution settlements in the U.S. from 2001 to 2014. We focus on the relative monetary size of the settlement and on deferred prosecution and non-prosecution agreements in contrast to

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::2c0636dce184394ef28d9299b0572e73
https://doi.org/10.1016/j.jbusres.2017.03.015

Forgive me all my sins: How penalties imposed on banks travel through markets

Autor: Hans Degryse, C. Flore, Sascha Kolaric, Dirk Schiereck

Publikováno v: Journal of Corporate Finance. 68:101912

From 2005 to 2015, the 25 largest global financial institutions paid combined more than $285 billion in legal penalties. We examine the reaction of banks' stocks, bonds, and credit default swaps to the announcements of monetary penalties. We observe

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d0490b6bab18dc66db800559dc2bdc71
https://doi.org/10.1016/j.jcorpfin.2021.101912

Brexit: (Not) another Lehman moment for banks?

Autor: Dirk Schiereck, Sascha Kolaric, Florian Kiesel

Publikováno v: Finance Research Letters. 19:291-297

We analyze the stock and CDS market reactions around the UK's EU membership referendum (“Brexit”) on June 23, 2016, and the Lehman Brothers bankruptcy filing on September 15, 2008. We find that the short-run drop in stock prices to the Brexit ann

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::ef566cc5d5d2bcfb0659d0dfb8d84b8c
https://doi.org/10.1016/j.frl.2016.09.003