A note on market response to corporate loan announcements in Canada

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dc.contributor.author Aintablian, Sebouh
dc.contributor.author Roberts, Gordon S.
dc.date.accessioned 2016-05-10T10:45:48Z
dc.date.available 2016-05-10T10:45:48Z
dc.date.copyright 2000 en_US
dc.date.issued 2017-10-12
dc.identifier.issn 0378-4266 en_US
dc.identifier.uri http://hdl.handle.net/10725/3748 en_US
dc.description.abstract This note validates the key results of prior studies of bank loan announcement effects using a common data set drawn from the Canadian capital market. Announcements of bank loans are associated with positive abnormal returns significantly higher than for private placements and loan syndications. Announcement effects are most pronounced when monitoring is most intense and when an announcement signals that the bank's private information is favorable. Conclusions of prior studies on bank loan announcements, conducted exclusively on US data, are robust for a different banking system. en_US
dc.language.iso en en_US
dc.title A note on market response to corporate loan announcements in Canada en_US
dc.type Article en_US
dc.description.version Published en_US
dc.author.school SOB en_US
dc.author.idnumber 200603708 en_US
dc.author.department Department of Finance and Accounting (FINA) en_US
dc.description.embargo N/A en_US
dc.relation.journal Journal of Banking & Finance en_US
dc.journal.volume 24 en_US
dc.journal.issue 3 en_US
dc.article.pages 381-393 en_US
dc.keywords Bank loans en_US
dc.keywords Monitoring en_US
dc.keywords Event study en_US
dc.keywords Canada en_US
dc.identifier.doi http://dx.doi.org/10.1016/S0378-4266(99)00063-1 en_US
dc.identifier.ctation Aintablian, S., & Roberts, G. S. (2000). A note on market response to corporate loan announcements in Canada. Journal of Banking & finance, 24(3), 381-393. en_US
dc.author.email sebouh.aintablian@lau.edu.lb en_US
dc.identifier.tou http://libraries.lau.edu.lb/research/laur/terms-of-use/articles.php en_US
dc.identifier.url http://www.sciencedirect.com/science/article/pii/S0378426699000631 en_US

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