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Market Reaction to the Formation of Export Trading Companies by American Banks

Author

Listed:
  • Lawrence Kryzanowski

    (Concordia University)

  • Nancy D Ursel

    (University of Windsor)

Abstract

The stock and bond market reactions to American banks′ announcements of their intentions to form Export Trading Companies are investigated. The results are robust to various return-generating model specifications and are consistent with the view that the markets do not believe that U.S. bank Export Trading Companies will be successful.© 1993 JIBS. Journal of International Business Studies (1993) 24, 372–381

Suggested Citation

  • Lawrence Kryzanowski & Nancy D Ursel, 1993. "Market Reaction to the Formation of Export Trading Companies by American Banks," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 24(2), pages 373-381, June.
    • Handle: RePEc:pal:jintbs:v:24:y:1993:i:2:p:373-381
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