Market Reaction to the Formation of Export Trading Companies by American Banks

Lawrence Kryzanowski and Nancy D Ursel
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Lawrence Kryzanowski: Concordia University
Nancy D Ursel: University of Windsor

Journal of International Business Studies, 1993, vol. 24, issue 2, 373-381

Abstract: The stock and bond market reactions to American banks′ announcements of their intentions to form Export Trading Companies are investigated. The results are robust to various return-generating model specifications and are consistent with the view that the markets do not believe that U.S. bank Export Trading Companies will be successful.© 1993 JIBS. Journal of International Business Studies (1993) 24, 372–381

Date: 1993
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