Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5085075 | International Review of Financial Analysis | 2012 | 8 Pages |
Abstract
⺠Operational losses have a reputational impact on bond prices of financial companies. ⺠Bond returns might be affected by an operational loss at up to three points in time. ⺠The knowledge of the real loss amount tends to hinder the negative market reaction. ⺠Debtholders tend to penalize harder the involuntary weakness of the firms. ⺠The bond market seems to react consistently with the size of loss.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Séverine Plunus, Roland Gillet, Georges Hübner,