کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5089344 | 1375590 | 2013 | 14 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Did capital infusions enhance bank recovery from the great recession?
ترجمه فارسی عنوان
آیا تزریق سرمایه باعث بهبود بخشیدن بانک از رکود اقتصادی شد؟
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
This paper investigates the long-run recovery experience of US banks that received capital infusions under the Capital Purchase Program (CPP), a part of the Troubled Asset Relief Program (TARP). Based on a dynamic recovery model, our results show that recovering CPP banks tended to be in better financial condition than other CPP banks. Long-run event study analyses of common stock prices reveal that, in the quarter after repayment of TARP funds, CPP banks experienced economically large and significant buy-and-hold wealth gains of 14%, equivalent to approximately $329Â billion. We conclude that TARP was successful in fostering bank financial and stock price recovery.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 37, Issue 12, December 2013, Pages 5048-5061
Journal: Journal of Banking & Finance - Volume 37, Issue 12, December 2013, Pages 5048-5061
نویسندگان
Wei Liu, James W. Kolari, T. Kyle Tippens, Donald R. Fraser,