Published 2003
by Federal Reserve Bank of New York in [New York, N.Y.] .
Written in English
Edition Notes
| Statement | Beverly Hirtle. |
| Series | Staff reports ;, no. 170, Staff reports (Federal Reserve Bank of New York : Online) ;, no. 170. |
| Contributions | Federal Reserve Bank of New York. |
| Classifications | |
|---|---|
| LC Classifications | HB1 |
| The Physical Object | |
| Format | Electronic resource |
| ID Numbers | |
| Open Library | OL3477359M |
| LC Control Number | 2005617035 |
Downloadable (with restrictions)! In , the SEC mandated that the CEOs of large, publicly traded firms certify the accuracy of their company financial statements. The SEC's certification order provides a natural experiment that gives insight into the question of whether banks are opaque. We find that the BHCs subject to the SEC's order experienced positive and significant average abnormal. Downloadable! In , the Securities and Exchange Commission mandated that the chief executive officers of large, publicly traded firms certify the accuracy of their company financial statements. In this paper, I investigate whether CEO certification has had a measurable effect on the stock market valuation of the forty-two bank holding companies subject to the SEC order. Stock market reaction to financial statement certification by bank holding company CEOs. By Beverly Hirtle. Abstract. In , the Securities and Exchange Commission mandated that the chief executive officers of large, publicly traded firms certify the accuracy of their company financial statements. In this paper, I investigate whether CEO Author: Beverly Hirtle. Download PDF: Sorry, we are unable to provide the full text but you may find it at the following location(s): (external link).
For a published version of this report, see Beverly Hirtle, "Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs," Journal of Money, Credit, and Bank no. 5 (August ): Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs. Federal Reserve Bank of New York Staff Report, No. (July) Google Scholar. Stock market reaction to financial statement certification by bank holding company CEOs by Beverly Hirtle; The return to retail and the performance of U.S. banks by Beverly Hirtle & Kevin J. Stiroh; The changing financial structure: challenges for supervisors and risk managers. Hirtle B () Stock market reaction to financial statement certification by bank holding company CEOs. Journal of Money, Credit and Banking, pp – Google Scholar.
Request PDF | Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs | In , the SEC mandated that the CEOs of Author: Beverly Hirtle. Given the lack of market reaction for certifying firms in general, the positive and statistically significant abnormal returns experienced by BHCs upon financial statement certification seem consistent with the idea that bank holding companies are comparatively opaque to outsiders. Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOs Journal of Money, Credit and Banking, , 38, (5), View citations (15) See also Working Paper () Stock repurchases and bank holding company performance Journal of Financial Intermediation, , 13, (1), View citations (7). Stock Market Reaction to Financial Statement Certification by Bank Holding Company CEOS. FRB of New York Staff Report No. Number of pages: 35 Posted: 02 Sep Beverly Hirtle Federal Reserve Bank of New York - Banking Studies Department Downloads (99,) Citation 4.
