The impact of the 2018 EU-wide stress test results on shareholders’ wealth creation and behavior / Manoly ARCHONDIS / 2020

Titre : The impact of the 2018 EU-wide stress test results on shareholders’ wealth creation and behavior Type de document : Mémoire Auteurs : Manoly ARCHONDIS, Auteur Année de publication : 2020 Importance : 32 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management ACTIONNAIRE ; ECONOMETRIE ; BANQUE ; FINANCE DE MARCHE Résumé : Ever since the 2008-2009 financial crisis, many measures were implemented in order to predict and hedge economic and financial systemic risks. Since then, regulators such as the Federal Reserve System (FED) in the United States (US) and the European Banking Authority (EBA) started implementing stress testing processes in order “assess individual banks’ resilience to adverse financial and economic circumstances” [ECB,2019]. “Today, EU-wide stress tests are important inputs for the ECB’s Supervisory Review and Evaluation Process” (SREP). In this paper, we focus on the impact of the 2018 EU-wide stress test results on shareholders’ wealth creation and behavior by computing the Abnormal Returns and checking whether they have a significant effect on the bank’s public stock price. Programme : PGE-Reims Spécialisation : Finance d’Entreprise - Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=529146