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The wealth effects of deregulation of Canadian financial institutions

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  • Amoako-Adu, Ben
  • Smith, Brian F.

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  • Amoako-Adu, Ben & Smith, Brian F., 1995. "The wealth effects of deregulation of Canadian financial institutions," Journal of Banking & Finance, Elsevier, vol. 19(7), pages 1211-1236, October.
    • Handle: RePEc:eee:jbfina:v:19:y:1995:i:7:p:1211-1236
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    References listed on IDEAS

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    2. Grammatikos, Theoharry & Yourougou, Pierre, 1990. "Market expectations of the effects of the Tax Reform Act of 1986 on banking organizations," Journal of Banking & Finance, Elsevier, vol. 14(6), pages 1171-1187, December.
    3. Flannery, Mark J & James, Christopher M, 1984. "The Effect of Interest Rate Changes on the Common Stock Returns of Financial Institutions," Journal of Finance, American Finance Association, vol. 39(4), pages 1141-1153, September.
    4. Black, Harold A & Fields, M Andrew & Schweitzer, Robert L, 1990. "Changes in Interstate Banking Laws: The Impact of Shareholder Wealth," Journal of Finance, American Finance Association, vol. 45(5), pages 1663-1671, December.
    5. Wall, Larry D., 1987. "Has bank holding companies' diversification affected their risk of failure?," Journal of Economics and Business, Elsevier, vol. 39(4), pages 313-326, November.
    6. Joskov, Paul L & MacAvoy, Paul W, 1975. "Regulation and the Financial Condition of the Electric Power Companies in the 1970's," American Economic Review, American Economic Association, vol. 65(2), pages 295-301, May.
    7. Dimson, Elroy, 1979. "Risk measurement when shares are subject to infrequent trading," Journal of Financial Economics, Elsevier, vol. 7(2), pages 197-226, June.
    8. Richard A. Posner, 1974. "Theories of Economic Regulation," Bell Journal of Economics, The RAND Corporation, vol. 5(2), pages 335-358, Autumn.
    9. Millon-Cornett, Marcia H. & Tehranian, Hassan, 1989. "Stock market reactions to the depository institutions deregulation and monetary control act of 1980," Journal of Banking & Finance, Elsevier, vol. 13(1), pages 81-100, March.
    10. Peltzman, Sam, 1976. "Toward a More General Theory of Regulation," Journal of Law and Economics, University of Chicago Press, vol. 19(2), pages 211-240, August.
    11. Sundaram, Sridhar & Rangan, Nanda & Davidson, Wallace III, 1992. "The market valuation effects of the Financial Institutions Reform, Recovery and Enforcement Act of 1989," Journal of Banking & Finance, Elsevier, vol. 16(6), pages 1097-1122, December.
    12. Pettway, Richard H & Tapley, T Craig & Yamada, Takeshi, 1988. "The Impacts of Financial Deregulation upon Trading Efficiency and the Levels of Risk and Return of Japanese Banks," The Financial Review, Eastern Finance Association, vol. 23(3), pages 243-268, August.
    13. John J. Binder, 1985. "Measuring the Effects of Regulation with Stock Price Data," RAND Journal of Economics, The RAND Corporation, vol. 16(2), pages 167-183, Summer.
    14. James, Christopher, 1983. "An analysis of intra-industry differences in the effect of regulation : The case of deposit rate ceilings," Journal of Monetary Economics, Elsevier, vol. 12(3), pages 417-432, September.
    15. Schwert, G William, 1981. "Using Financial Data to Measure Effects of Regulation," Journal of Law and Economics, University of Chicago Press, vol. 24(1), pages 121-158, April.
    16. Yourougou, Pierre, 1990. "Interest-rate risk and the pricing of depository financial intermediary common stock : Empirical evidence," Journal of Banking & Finance, Elsevier, vol. 14(4), pages 803-820, October.
    17. Brewer, Elijah, III, 1990. "The Risk of Banks Expanding Their Permissible Nonbanking Activities," The Financial Review, Eastern Finance Association, vol. 25(4), pages 517-537, November.
    18. Allen, Paul R & Wilhelm, William J, 1988. "The Impact of the 1980 Depository Institutions Deregulation and Monetary Control Act on Market Value and Risk: Evidence from the Capital Markets," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 20(3), pages 364-380, August.
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    Cited by:

    1. Manfen Chen & Rohan Christie-David & William Moore, 2007. "Deregulation, news releases, and price discovery," Journal of Regulatory Economics, Springer, vol. 31(3), pages 289-312, June.
    2. Otchere, Isaac & Chan, Janus, 2003. "Intra-industry effects of bank privatization: A clinical analysis of the privatization of the Commonwealth Bank of Australia," Journal of Banking & Finance, Elsevier, vol. 27(5), pages 949-975, May.
    3. Bessler, Wolfgang & Murtagh, James P., 2002. "The stock market reaction to cross-border acquisitions of financial services firms: an analysis of Canadian banks," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(4-5), pages 419-440.
    4. Jean-Pierre Gueyié & Alaa Guidara & Van Son Lai, 2018. "Banks? Non-Traditional Activities Under Regulatory Changes: Impact on Risk, Performance and Capital Adequacy," Working Papers 2018-003, Department of Research, Ipag Business School.
    5. Apergis, Nicholas, 1998. "Inflation and Uncertainty: Does the EMS Participation Play Any Role?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 13, pages 586-605.
    6. William C. Gruben & Jahyeong Koo & Robert R. Moore, 1999. "When does financial liberalization make banks risky? : an empirical examination of Argentina, Canada and Mexico," Center for Latin America Working Papers 0399, Federal Reserve Bank of Dallas.
    7. Sebouh Aintablian & Gordon S. Roberts, 2005. "Market Response to Announcements of Mergers of Canadian Financial Institutions," Multinational Finance Journal, Multinational Finance Journal, vol. 9(1-2), pages 72-98, March-Jun.
    8. Brooks, Robert D. & Faff, Robert W. & Yew, Kee Ho, 1997. "A new test of the relationship between regulatory change in financial markets and the stability of beta risk of depository institutions," Journal of Banking & Finance, Elsevier, vol. 21(2), pages 197-219, February.
    9. Dennis, Steven A. & Jeffrey, Andrew, 2002. "Structural changes in Australian bank risk," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 12(1), pages 1-17, February.
    10. Hebb, Gregory M. & Fraser, Donald R., 2002. "Conflict of interest in commercial bank security underwritings: Canadian evidence," Journal of Banking & Finance, Elsevier, vol. 26(10), pages 1935-1949, October.
    11. Teresa Valeria Parise & Vijay Shenai, 2018. "The Value Effect of Financial Reform on U.K. Banks and Insurance Companies," IJFS, MDPI, vol. 6(3), pages 1-28, September.

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