Equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis

被引：18

作者：

Chan-Lau, Jorge A. ^{[1
]}

Liu, Estelle X. ^{[1
]}

Schmittmann, Jochen M. ^{[1
]}

机构：

[1] Int Monetary Fund, Global Anal Div, Monetary & Capital Markets Dept, Washington, DC 20431 USA

来源：

JOURNAL OF FINANCIAL STABILITY | 2015年 / 16卷

关键词：

Banks equity returns; Financial crisis; Sovereign debt crisis; Economic growth; Regulatory capital; PROFITABILITY; SPREADS; RISK;

D O I：

10.1016/j.jfs.2014.07.003

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This study finds that equity returns in the banking sector in the wake of the Great Recession and the European sovereign debt crisis have been driven mainly by weak growth prospects and heightened sovereign risk; and to a lesser extent by deteriorating funding conditions and investor sentiment. While the equity return performance in the banking sector has been dismal in general, there is some evidence that better capitalized and less leveraged banks have outperformed their peers in times of stress. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：164 / 172

页数：9