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Contagion effects of the world's largest bankruptcy: the case of WorldCom
11 references·0 citing·53 second hop
Contagion effects of the world's largest bankruptcy: the case of WorldCom (2004)Contagion effects of the world's largest …Valuing the Potential Transformation of Banks into Financial Service Conglomerates: Evidence from the Citigroup Merger (2000)Valuing the Potential Transfo…Don't Put All Your Eggs in One Basket? Diversification and Specialization in Lending (1999)Don't Put All Your Eggs in On…On the wealth and risk effects of commercial bank expansion into securities underwriting: An analysis of Section 20 subsidiaries (1998)On the wealth and risk effect…The response of competitors to announcements of bankruptcy: An empirical examination of contagion and competitive effects (1997)The response of competitors t…Client Security Price Reactions to the Laventhol and Horwath Bankruptcy (1995)Client Security Price Reactio…Contagion and competitive intra-industry effects of bankruptcy announcements (1992)Contagion and competitive int…The Penn Square Bank failure (1988)The Penn Square Bank failureIntra- and Interindustry Effects of Bank Securities Market Activities: The Case of Discount Brokerage (1987)Intra- and Interindustry Effe…Stock Market Reaction to Regulatory Action in the Continental Illinois Crisis (1986)Stock Market Reaction to Regu…Testing for Market Efficiency: A Comparison of the Cumulative Average Residual Methodology and Intervention Analysis (1980)Testing for Market Efficiency…Estimating betas from nonsynchronous data (1977)Estimating betas from nonsync…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)An Empirical Evaluation of Accounting Income Numbers (1968)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)An Examination of Event Dependency and Structural Change in Security Pricing Models (1985)A Shifting Regimes Approach to the Stationarity of the Market Model Parameters of Individual Securities (1986)The 1985 Ohio Thrift Crisis, the FSLIC's Solvency, and Rate Contagion for Retail CDs (1992)Measuring the Effects of Regulation with Stock Price Data (1985)Bank holding company mergers with nonbank financial firms: Effects on the risk of failure (1993)Commercial banks in investment banking conflict of interest or certification role? (1996)The Changing Landscape of the Financial Services Industry: What Lies Ahead? 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this work references cited by second hop

References

  • 1977Estimating betas from nonsynchronous data2,751 cited
  • 1992Contagion and competitive intra-industry effects of bankruptcy announcements920 cited
  • 1999Don't Put All Your Eggs in One Basket? Diversification and Specialization in Lending289 cited
  • 1986Stock Market Reaction to Regulatory Action in the Continental Illinois Crisis155 cited
  • 1998On the wealth and risk effects of commercial bank expansion into securities underwriting: An analysis of Section 20 subsidiaries110 cited
  • 1995Client Security Price Reactions to the Laventhol and Horwath Bankruptcy108 cited
  • 1997The response of competitors to announcements of bankruptcy: An empirical examination of contagion and competitive effects106 cited
  • 2000Valuing the Potential Transformation of Banks into Financial Service Conglomerates: Evidence from the Citigroup Merger86 cited
  • 1980Testing for Market Efficiency: A Comparison of the Cumulative Average Residual Methodology and Intervention Analysis78 cited
  • 1987Intra- and Interindustry Effects of Bank Securities Market Activities: The Case of Discount Brokerage65 cited
  • 1988The Penn Square Bank failure49 cited

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