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FSLIC forbearances to stockholders and the value of savings and loan shares

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  • James B. Thomson

Abstract

An investigation of the value of FSLIC forbearances to the stockholders of insolvent stock-chartered thrift institutions, concluding that these forbearances increase the stock-market value of thrift institutions.

Suggested Citation

  • James B. Thomson, 1987. "FSLIC forbearances to stockholders and the value of savings and loan shares," Economic Review, Federal Reserve Bank of Cleveland, issue Q III, pages 26-35.
  • Handle: RePEc:fip:fedcer:y:1987:i:qiii:p:26-35
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    Citations

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    Cited by:

    1. William P. Osterberg & James B. Thomson, 1990. "The effect of subordinated debt and surety bonds on banks' cost of capital and on the value of federal deposit insurance," Working Papers (Old Series) 9012, Federal Reserve Bank of Cleveland.
    2. Asli Demirgüč-Kunt, 1991. "On the valuation of deposit institutions," Working Papers (Old Series) 9104, Federal Reserve Bank of Cleveland.
    3. Ramon P. DeGennaro & James B. Thomson, 1992. "Capital forbearance and thrifts: an ex post examination of regulatory gambling," Working Papers (Old Series) 9209, Federal Reserve Bank of Cleveland.
    4. Ramon P. DeGennaro & Larry H. Lang & James B. Thomson, 1991. "Troubled savings and loan institutions: voluntary restructuring under insolvency," Working Papers (Old Series) 9112, Federal Reserve Bank of Cleveland.
    5. Peter A. Brous & Keith Leggett, 1996. "Wealth Effects Of Enforcement Actions Against Financially Distressed Banks," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 19(4), pages 561-577, December.
    6. François Marini, 2003. "Bank Insolvency, Deposit Insurance, and Capital Adequacy," Journal of Financial Services Research, Springer;Western Finance Association, vol. 24(1), pages 67-78, August.
    7. William P. Osterberg & James B. Thomson, 1992. "Forbearance, subordinated debt, and the cost of capital for insured depository institutions," Economic Review, Federal Reserve Bank of Cleveland, vol. 28(Q III), pages 16-26.
    8. DeGennaro, Ramon P. & Thomson, James B., 1995. "Anticipating bailouts: The incentive-conflict model and the collapse of the Ohio deposit guarantee fund," Journal of Banking & Finance, Elsevier, vol. 19(8), pages 1401-1418, November.

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