The check clearing for the 21st century act and bank stock returns

The purpose of this paper is to examine the wealth effect of the Check Clearing for the 21st Century Act, also known as Check 21, on bank stock return. We use event study analysis on thirty-four U.S. bank stocks listed on the New York Stock Exchange. Our analysis reveals that Check 21 is associated...

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Autores principales:	Kenneth A. Tah, James R. Griggers, Lee C. Greenberger
Formato:	article
Lenguaje:	EN
Publicado:	Taylor & Francis Group 2020
Materias:	check 21 wealth effect us banks event study Business HF5001-6182 Management. Industrial management HD28-70
Acceso en línea:	https://doaj.org/article/e7776f99911147ac8dff4494021ce1b9
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spelling	oai:doaj.org-article:e7776f99911147ac8dff4494021ce1b92021-12-02T17:01:06ZThe check clearing for the 21st century act and bank stock returns2331-197510.1080/23311975.2020.1832031https://doaj.org/article/e7776f99911147ac8dff4494021ce1b92020-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2020.1832031https://doaj.org/toc/2331-1975The purpose of this paper is to examine the wealth effect of the Check Clearing for the 21st Century Act, also known as Check 21, on bank stock return. We use event study analysis on thirty-four U.S. bank stocks listed on the New York Stock Exchange. Our analysis reveals that Check 21 is associated with positive abnormal return. Overall, our results suggest that investors are optimistic about the future performance of U.S. banks with the introduction of Check 21.Kenneth A. TahJames R. GriggersLee C. GreenbergerTaylor & Francis Grouparticlecheck 21wealth effectus banksevent studyBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 7, Iss 1 (2020)
institution	DOAJ
collection	DOAJ
language	EN
topic	check 21 wealth effect us banks event study Business HF5001-6182 Management. Industrial management HD28-70
spellingShingle	check 21 wealth effect us banks event study Business HF5001-6182 Management. Industrial management HD28-70 Kenneth A. Tah James R. Griggers Lee C. Greenberger The check clearing for the 21st century act and bank stock returns
description	The purpose of this paper is to examine the wealth effect of the Check Clearing for the 21st Century Act, also known as Check 21, on bank stock return. We use event study analysis on thirty-four U.S. bank stocks listed on the New York Stock Exchange. Our analysis reveals that Check 21 is associated with positive abnormal return. Overall, our results suggest that investors are optimistic about the future performance of U.S. banks with the introduction of Check 21.
format	article
author	Kenneth A. Tah James R. Griggers Lee C. Greenberger
author_facet	Kenneth A. Tah James R. Griggers Lee C. Greenberger
author_sort	Kenneth A. Tah
title	The check clearing for the 21st century act and bank stock returns
title_short	The check clearing for the 21st century act and bank stock returns
title_full	The check clearing for the 21st century act and bank stock returns
title_fullStr	The check clearing for the 21st century act and bank stock returns
title_full_unstemmed	The check clearing for the 21st century act and bank stock returns
title_sort	check clearing for the 21st century act and bank stock returns
publisher	Taylor & Francis Group
publishDate	2020
url	https://doaj.org/article/e7776f99911147ac8dff4494021ce1b9
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The check clearing for the 21st century act and bank stock returns

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