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Corporate "excesses" and financial market dynamics

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  • Maddaloni, Angela
  • Pain, Darren

Abstract

The recent corporate failures in the US and in Europe have considerably damaged investors

Suggested Citation

  • Maddaloni, Angela & Pain, Darren, 2004. "Corporate "excesses" and financial market dynamics," Occasional Paper Series 17, European Central Bank.
    • Handle: RePEc:ecb:ecbops:200417
    Note: 282957
    as

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    File URL: https://www.ecb.europa.eu//pub/pdf/scpops/ecbocp17.pdf
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    References listed on IDEAS

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    2. Francesco Mazzaferro & Arnaud Mehl & Michael Sturm & Christian Thimann & Adalbert Winkler, 2002. "Economic relations with regions neighbouring the euro area in the ‘euro time zone," Occasional Paper Series 07, European Central Bank.
    3. Gonzalez, F. & Haas, F. & Johannes, R. & Persson, M. & Toledo, L. & Violi, R. & Zins, C. & Wieland, M., 2004. "Market dynamics associated with credit ratings: a literature review," Financial Stability Review, Banque de France, issue 4, pages 53-76, June.
    4. Hand, John R M & Holthausen, Robert W & Leftwich, Richard W, 1992. "The Effect of Bond Rating Agency Announcements on Bond and Stock Prices," Journal of Finance, American Finance Association, vol. 47(2), pages 733-752, June.
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    6. Enria, Andrea & Cappiello, Lorenzo & Dierick, Frank & Sergio, Grittini & Haralambous, Andrew & Maddaloni, Angela & Molitor, Philippe & Pires, Fatima & Poloni, Paolo, 2004. "Fair value accounting and financial stability," Occasional Paper Series 13, European Central Bank.
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    13. Russo, Daniela & Hart, Terry L. & Schönenberger, Andreas, 2002. "The evolution of clearing and central counterparty services for exchange-traded derivatives in the United States and Europe: a comparison," Occasional Paper Series 5, European Central Bank.
    14. Givoly, Dan & Lakonishok, Josef, 1979. "The information content of financial analysts' forecasts of earnings: Some evidence on semi-strong inefficiency," Journal of Accounting and Economics, Elsevier, vol. 1(3), pages 165-185, December.
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    Keywords

    financial markets; market failures;

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