Karafiath, Imre; Glascock, John - In: The Financial Review 24 (1989) 1, pp. 123-34
In this paper, the authors use stock market data to examine the intraindustry effects of the July 5, 1982, closure of the Penn Square Bank. A sample of fifty-four bank stocks is divided into four portfolios: industry, money center, Texas, and upstream. The latter group consists of banks that had...