Stock Market Returns to Financial Innovations Before and During the Financial Crisis in the United States and Europe

Volume: 31, Issue: 5, Pages: 973 - 986
Published: Nov 27, 2013
Abstract
Prior studies have focused on innovations in various contexts but largely excluded financial innovations, despite their notable importance. Not surprisingly, financial innovations account for a substantial portion of world economies and the huge market capitalization of banks. Therefore, the authors focus on studying the type, success, and causes of success of financial innovations. Using an event study and financial expert ratings, this study...
Paper Details
Title
Stock Market Returns to Financial Innovations Before and During the Financial Crisis in the United States and Europe
Published Date
Nov 27, 2013
Volume
31
Issue
5
Pages
973 - 986
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