Nabar, Prafulla G; Park, Sang Yong; Saunders, Anthony - In: The Journal of Business 66 (1993) 1, pp. 69-92
This article analyzes the impact of prime rate changes on stock prices of prime rate change initiating banks relative to noninitiating banks. The prime rate as a "sticky price" is analyzed, and the potential directions (and sizes) of information effects are discussed and empirically examined. It...
