On the shareholder wealth effects of deposit insurance premium revisions on large, publicly traded commercial banks

Journal of Financial Research

Volumn 23, Issue 2, 2000, Pages 223-241

  Biswas, Rita ^a   Fraser, Donald R ^b   Hebb, Gregory ^c  

^a STATE UNIVERSITY OF NEW YORK   (United States)

^b TEXAS A AND M UNIVERSITY   (United States)

^c ST MARY'S UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0001689931     PISSN: 02702592     EISSN: 14756803     Source Type: Journal    
DOI: 10.1111/j.1475-6803.2000.tb00740.x     Document Type: Article

References (22)

1. Baltagi, B., 1995, Econometric Analysis of Panel Data (Wiley, New York).
2. Benston, G. and G. Kaufman, 1997, FDICIA after five years, Journal of Economic Perspectives 11, 139–58.
3. Billett, M., M. Flannery, and J. Garfinkel, 1995, The effect of lender identity on a borrowing firm's equity return, Journal of Finance 50, 689–718.
4. Boehmer, E., J. Musumeci, and A. Poulsen, 1991, Event study methodology under conditions of event induced variance, Journal of Financial Economics 30, 231–52.
5. Epps, T. W., L. B. Pulley, and D. Humphrey, 1996, Assessing the FDIC's premium and examination policies ending “Soviet” put options, Journal of Banking and Finance 20, 699–721.
6. Eyssell, T. and N. Arshadi, 1990, The wealth effects of the risk-based capital requirement in banking: The evidence from the capital market, Journal of Banking and Finance 14, 179–97.
7. Fama, E., 1985, What's different about banks? Journal of Monetary Economics 15, 5–29.
8. Federal Deposit Insurance Corporation, 1997, History of the Eighties: Lessons for the Future, Vol. 1, An Examination of the Banking Crises of the 1980s and Early 1990s (Washington, DC).
9. James, C., 1987, Some evidence on the uniqueness of bank loans, Journal of Financial Economics 19, 217–25.
10. Kane, E., 1985, The Gathering Crisis in the Deposit Insurance System (MIT Press, Cambridge, MA).
11. Lummer, S. and J. McConnell, 1989, Further evidence on the bank lending process and the capital market response to bank loan agreements, Journal of Financial Economics 25, 99–122.
12. MacKinley, C., 1997, Event studies in economics and finance, Journal of Economic Literature 11, 13–39.
13. Marcus, A. and I. Shaked, 1984, The valuation of FDIC deposit insurance using option-pricing estimates, Journal of Money, Credit, and Banking 16, 446–60.
14. Merton, R., 1977, An analytic derivation of the cost of deposit insurance and loan guarantees: An application of modern option pricing theory, Journal of Banking and Finance, 3–11.
15. Miller, M., 1995, Do the M and M Propositions apply to banks? Journal of Banking and Finance 19, 483–89.
16. Pennachi, G., 1987, A reexamination of the over- (or under-) pricing of deposit insurance, Journal of Money, Credit, and Banking 19, 340–60.
17. Ronn, E. and A. Verma, 1986, Pricing risk-adjusted deposit insurance: An option-based model, Journal of Finance 16, 871–95.
18. Scholes, M. and J. Williams, 1977, Estimating beta: From nonsynchronous data, Journal of Financial Economics 9, 309–27.
19. Shaffer, S., 1991a, The impact of premium rates and rebates on the solvency of the FDIC Reserve Fund: An empirical approach, in Proceedings of a Conference on Bank Structure and Competition (Federal Reserve Bank of Chicago), 466–85.
20. Shaffer, S., 1991b, Aggregate deposit insurance funding and taxpayer bailouts, Journal of Banking and Finance 14, 1019–37.
21. Wagster, J., 1996, Impact of the 1988 Basle Accord on international banks, Journal of Finance 51, 1321–46.
22. Whalen, G., 1997, The competitive implications of safety net-related subsidiaries, Office of the Comptroller of the Currency Economics Working Paper 97–9.