【讲座时间】2023年9月19日 14:00
【讲座地点】麻将胡了试玩链接108室
【讲座主题】Rolling back Dodd-Frank: Investors’ and banks’ responses to financial market deregulation
【嘉宾介绍】Ying Gan，Erasmus University Rotterdam。
Dr.Gan is an Associate Professor of Financial Accounting at Erasmus University Rotterdam. She received her PhD in Finance at WHU - Otto Beisheim School of Management, Germany. She received additional training from HEC Paris and from the University of Chicago Booth School of Business. Her research focuses on Financial reporting quality, financial regulation, CEO compensation, Mergers and acquisitions.
【内容提要】
Studying key events related to the repeal of Dodd-Frank policies we find that banking deregulation can create shareholder value. We document positive stock returns for banks around these events. The returns are larger for small banks with assets below $10 billion suggesting that their shareholders expect greater benefits. Furthermore, we observe improvements in capital strength and accounting performance, an expansion in external financing and lending activity, and positive asset growth for only small banks. The eased regulation for large banks with assets above $50 billion likely made small banks more willing to grow again and cross the $10 billion threshold.
