THE EFFECT OF MAJOR EVENTS ON BANK SHARE PRICE IN ROMANIA

Bogdan Capraru, Iulian Ihnatov () and Nicu Sprincean
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Iulian Ihnatov: Universitatea Alexandru Ioan Cuza din Iasi

Annals of Faculty of Economics, 2016, vol. 1, issue 1, 747-757

Abstract: The aim of this paper is to investigate three main events which have influenced Banca Transilvania’s stock price movements. This paper employs the event study methodology. The expected returns are computed by using two different models: Market Model and Capital Asset Pricing Model (CAPM). Our results show that only for one event out of three the abnormal returns (ARs) were positive and statistically significant in the event day.

Keywords: ownership change; CEO turnover; banking; takeover bid; event study (search for similar items in EconPapers)
JEL-codes: G14 G21 (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2016:i:1:p:747-757

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