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The market value impact of operational loss events for US banks and insurers
16 references·16 citing·46 second hopsampled
The market value impact of operational loss events for US banks and insurers (2006)The market value impact of operational lo…Determinants of market reactions to restatement announcements (2003)Determinants of market reacti…Event Studies in Economics and Finance (1997)Event Studies in Economics an…Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry (1996)Who Manages Risk? An Empirica…RETHINKING RISK MANAGEMENT (1996)RETHINKING RISK MANAGEMENTA Functional Perspective of Financial Intermediation (1995)A Functional Perspective of F…Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes? (1994)Why do NASDAQ Market Makers A…Environmental disclosures, regulatory costs, and changes in firm value (1994)Environmental disclosures, re…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Risk Management: Coordinating Corporate Investment and Financing Policies (1993)Risk Management: Coordinating…Nonparametric event study tests (1992)Nonparametric event study tes…Event-study methodology under conditions of event-induced variance (1991)Event-study methodology under…Cross-Sectional Dependence and Problems in Inference in Market-Based Accounting Research (1987)Cross-Sectional Dependence an…Using daily stock returns (1985)Using daily stock returnsThe stochastic behavior of common stock variances Value, leverage and interest rate effects (1982)The stochastic behavior of co…On the Cost of Deposit Insurance When There Are Surveillance Costs (1978)On the Cost of Deposit Insura…Special Information and Insider Trading (1974)Special Information and Insid…Bank reputation and operational risk: The impact of ESG (2022)Bank reputation and operation…Business complexity and risk management: Evidence from operational risk events in U.S. bank holding companies (2020)Business complexity and risk …Stock price reactions to news about corporate tax avoidance and evasion (2019)Stock price reactions to news…Operational IT Failures, IT Value Destruction, and Board-Level IT Governance Changes1 (2017)Operational IT Failures, IT V…Determinants and Value of Enterprise Risk Management: Empirical Evidence from Germany (2016)Determinants and Value of Ent…The impact of corporate reputation and reputation damaging events on financial performance: Empirical evidence from the literature (2015)The impact of corporate reput…An Extreme Value Approach for Modeling Operational Risk Losses Depending on Covariates (2015)An Extreme Value Approach for…Home-region orientation in international expansion strategies (2013)Home-region orientation in in…Board composition and operational risk events of financial institutions (2013)Board composition and operati…Reputational losses and operational risk in banking (2012)Reputational losses and opera…Operational and reputational risk in the European banking industry: The market reaction to operational risk events (2012)Operational and reputational …Enterprise Risk Management (2012)Enterprise Risk ManagementThe Determinants of Reputational Risk in the Banking Sector (2011)The Determinants of Reputatio…The Determinants of Operational Risk in U.S. Financial Institutions (2011)The Determinants of Operation…The determinants of shareholder value in European banking (2009)The determinants of sharehold…Operational risk and reputation in the financial industry (2009)Operational risk and reputati…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Time Series Analysis: Forecasting and Control (1977)Threshold heteroskedastic models (1994)Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk (2001)The distribution of realized stock return volatility (2001)The Determinants of Firms' Hedging Policies (1985)The Relationship Between Corporate Philanthropy And Shareholder Wealth: A Risk Management Perspective (2005)A framework of sustainable supply chain management: moving toward new theory (2008)Environmental risk management and the cost of capital (2008)Measuring security price performance (1980)The Event Study Methodology Since 1969 (1998)The Adjustment of Stock Prices to New Information (2003)Event Study Testing with Cross-sectional Correlation of Abnormal Returns (2010)Testing Asymmetric-Information Asset Pricing Models (2012)Limited-dependent and qualitative variables in econometrics (1983)Managerial discretion and optimal financing policies (1990)Agency Costs, Risk Management, and Capital Structure (1998)The sensitivity of CEO wealth to equity risk: an analysis of the magnitude and determinants (1999)Founding family ownership and the agency cost of debt (2003)An Empirical Evaluation of Accounting Income Numbers (1968)Time Series Analysis: Forecasting and Control (1977)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)Introductory Econometrics for Finance (2008)The arbitrage theory of capital asset pricing (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices (2000)Capital markets research in accounting (2001)Why Firms Voluntarily Disclose Bad News (1994)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Corporate Governance and Accounting Scandals (2005)The impact of performance-based compensation on misreporting (2005)The Cost to Firms of Cooking the Books (2008)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The theory and practice of corporate finance: evidence from the field (2001)The Cash Flow Sensitivity of Cash (2004)Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Efficient Capital Markets: II (1991)Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)Are Insider Trades Informative? (2001)The impact of monetary policy on bank balance sheets (1995)Equilibrium and welfare in markets with financially constrained arbitrageurs (2002)Capital regulation, risk-taking and monetary policy: A missing link in the transmission mechanism? (2011)
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References

  • 1985Using daily stock returns6,497 cited
  • 1997Event Studies in Economics and Finance4,623 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies2,897 cited
  • 1982The stochastic behavior of common stock variances Value, leverage and interest rate effects2,382 cited
  • 1991Event-study methodology under conditions of event-induced variance1,777 cited
  • 1996Who Manages Risk? An Empirical Examination of Risk Management Practices in the Gold Mining Industry1,432 cited
  • 2003Determinants of market reactions to restatement announcements1,259 cited
  • 1974Special Information and Insider Trading1,236 cited
  • 1996RETHINKING RISK MANAGEMENT1,205 cited
  • 1993Risk Management: Coordinating Corporate Investment and Financing Policies962 cited
  • 1994Environmental disclosures, regulatory costs, and changes in firm value782 cited
  • 1994Why do NASDAQ Market Makers Avoid Odd-Eighth Quotes?746 cited
  • 1992Nonparametric event study tests669 cited
  • 1987Cross-Sectional Dependence and Problems in Inference in Market-Based Accounting Research548 cited
  • 1995A Functional Perspective of Financial Intermediation490 cited

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  • 1978On the Cost of Deposit Insurance When There Are Surveillance Costs395 cited
  • Cited by

    • 2015The impact of corporate reputation and reputation damaging events on financial performance: Empirical evidence from the literature254 cited
    • 2011The Determinants of Operational Risk in U.S. Financial Institutions197 cited
    • 2013Home-region orientation in international expansion strategies191 cited
    • 2016Determinants and Value of Enterprise Risk Management: Empirical Evidence from Germany186 cited
    • 2009Operational risk and reputation in the financial industry180 cited
    • 2013Board composition and operational risk events of financial institutions163 cited
    • 2017Operational IT Failures, IT Value Destruction, and Board-Level IT Governance Changes1149 cited
    • 2011The Determinants of Reputational Risk in the Banking Sector148 cited
    • 2022Bank reputation and operational risk: The impact of ESG144 cited
    • 2015An Extreme Value Approach for Modeling Operational Risk Losses Depending on Covariates129 cited
    • 2009The determinants of shareholder value in European banking128 cited
    • 2012Reputational losses and operational risk in banking126 cited
    • 2012Enterprise Risk Management106 cited
    • 2012Operational and reputational risk in the European banking industry: The market reaction to operational risk events103 cited
    • 2020Business complexity and risk management: Evidence from operational risk events in U.S. bank holding companies99 cited
    • 2019Stock price reactions to news about corporate tax avoidance and evasion96 cited