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On the wealth and risk effects of commercial bank expansion into securities underwriting: An analysis of Section 20 subsidiaries1

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  • Bhargava, Rahul
  • Fraser, Donald R.
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    Bibliographic Info

    Article provided by Elsevier in its journal Journal of Banking & Finance.

    Volume (Year): 22 (1998)
    Issue (Month): 4 (May)
    Pages: 447-465

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    Handle: RePEc:eee:jbfina:v:22:y:1998:i:4:p:447-465

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    Web page: http://www.elsevier.com/locate/jbf

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    Cited by:
    1. Akhigbe, Aigbe & Whyte, Ann Marie, 2003. "Changes in market assessments of bank risk following the Riegle-Neal Act of 1994," Journal of Banking & Finance, Elsevier, vol. 27(1), pages 87-102, January.
    2. Akhigbe, Aigbe & Martin, Anna D., 2006. "Valuation impact of Sarbanes-Oxley: Evidence from disclosure and governance within the financial services industry," Journal of Banking & Finance, Elsevier, vol. 30(3), pages 989-1006, March.
    3. Gilbert, Erika W. & Scott, William L., 2001. "The Financial Modernization Act: new perspectives for the finance curriculum," Financial Services Review, Elsevier, vol. 10(1-4), pages 197-208.
    4. Filson, Darren & Olfati, Saman, 2014. "The impacts of Gramm–Leach–Bliley bank diversification on value and risk," Journal of Banking & Finance, Elsevier, vol. 41(C), pages 209-221.
    5. Carow, Kenneth A. & Kane, Edward J., 2002. "Event-study evidence of the value of relaxing long-standing regulatory restraints on banks, 1970-2000," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(3), pages 439-463.
    6. Maretno Harjoto & Ha-Chin Yi & Tosporn Chotigeat, 2012. "Why do banks acquire non-banks?," Journal of Economics and Finance, Springer, vol. 36(3), pages 587-612, July.
    7. Simon H. Kwan, 2001. "Impact of deposit rate deregulation in Hong Kong on the market value of commercial banks," Working Paper Series 2001-11, Federal Reserve Bank of San Francisco.
    8. Kwan, Simon H., 2003. "Impact of deposit rate deregulation in Hong Kong on the market value of commercial banks," Journal of Banking & Finance, Elsevier, vol. 27(12), pages 2231-2248, December.
    9. Narayanan, Rajesh P. & Rangan, Nanda K. & Sundaram, Sridhar, 2003. "Relaxing Glass-Steagall provisions: wealth and risk effects on foreign banks and their domestic corporate customers," Journal of Multinational Financial Management, Elsevier, vol. 13(4-5), pages 465-482, December.
    10. Akhigbe, Aigbe & Martin, Anna D., 2008. "Influence of disclosure and governance on risk of US financial services firms following Sarbanes-Oxley," Journal of Banking & Finance, Elsevier, vol. 32(10), pages 2124-2135, October.
    11. Allen N. Berger & Rebecca S. Demsetz & Philip E. Strahan, 1998. "The consolidation of the financial services industry: causes, consequences, and implications for the future," Finance and Economics Discussion Series 1998-46, Board of Governors of the Federal Reserve System (U.S.).
    12. George Alessandria & Horag Choi, 2007. "Do Sunk Costs of Exporting Matter for Net Export Dynamics?," The Quarterly Journal of Economics, MIT Press, vol. 122(1), pages 289-336, 02.
    13. Victoria Geyfman, 2005. "Banks in the securities business: market-based risk implications of section 20 subsidiaries," Working Papers 05-17, Federal Reserve Bank of Philadelphia.
    14. Staikouras, Sotiris K., 2009. "An event study analysis of international ventures between banks and insurance firms," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(4), pages 675-691, October.
    15. Céline Meslier-Crouzille & Ruth Tacneng & Amine Tarazi, 2013. "Is Bank Income Diversification Beneficial? Evidence from an Emerging Economy," Working Papers hal-00918574, HAL.
    16. Narayanan, Rajesh P. & Rangan, Nanda K. & Sundaram, Sridhar, 2002. "Welfare effects of expanding banking organization opportunities in the securities arena," The Quarterly Review of Economics and Finance, Elsevier, vol. 42(3), pages 505-527.
    17. Fields, L. Paige & Fraser, Donald R., 2004. "Effects of IPO mispricing on the risk and reputational capital of commercial banks," Review of Financial Economics, Elsevier, vol. 13(1-2), pages 65-77.
    18. Akhigbe, Aigbe & Martin, Anna D. & Newman, Melinda, 2003. "Exchange rate exposure and valuation effects of cross-border acquisitions," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 13(3), pages 255-269, July.
    19. Whalen, Gary W., 2008. "The impact of preemption of the Georgia Fair Lending Act by the OCC on national and state banks and the dual banking system," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(4), pages 772-791, November.
    20. Neale, Faith R. & Peterson, Pamela P., 2005. "The effect of the Gramm-Leach-Bliley Act on the insurance industry," Journal of Economics and Business, Elsevier, vol. 57(4), pages 317-338.
    21. Yeager, Timothy J. & Yeager, Fred C. & Harshman, Ellen, 2007. "The Financial Services Modernization Act: Evolution or Revolution?," Journal of Economics and Business, Elsevier, vol. 59(4), pages 313-339.

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