Bank Performance Around The Introduction of A Section 20 Subsidiary  

Oleh:

Cornett, Marcia Millon ; Ors, Evren ; Tehranian, Hassan

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Journal of Finance (EBSCO) vol. 57 no. 1 (2002), page 501-522.
Topik: bank performance; studies; subsidiaries; commercial banks; performance evaluation
Fulltext: p 501.pdf (98.38KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ88.5 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

As of 1987, commercial banks int he united states were allowed to establish section 20 subsidiaries to conduct investment - banking activities. A concern of regulators was that these activities would result in a decrease in performance of commercial banks relative to the risk being undertaken. This paper examines the performance of commercial banks around the establishment of a section 20 subsidiary. We find that section 20 activities undertaken by banks result in increased industry adjusted operating cash flow return on assets, due mainly to revenue from non commercial banking activities. Further, risk measures for the sample banks do not change significantly.

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