文章基本信息

标题：Assessing The Markets Reaction To The Dodd-Frank Act
本地全文：下载
作者：George Turk ; Philip Swicegood
期刊名称：Journal of Business & Economics Research
印刷版ISSN：1542-4448
电子版ISSN：2157-8893
出版年度：2012
卷号：10
期号：10
页码：569-578
语种：English
出版社：The Clute Institute for Academic Research
摘要：In this paper, we exam how the financial markets reacted to the emergence of the Dodd-Frank Wall Street Reform and Consumer Protection Act as it developed through the legislative process from policy concept to signed law. We find that investors, on the one hand, desired clarity and sustainable oversight of market activities, but simultaneously feared the possibility of over-burdensome regulation. As the legislative process developed, markets cheered any watering down of perceived over-restrictive provisions with a positive response. We also empirically noted the smaller banks stocks were generally unaffected by the entire emergence of Dodd-Frank, with nearly all of the market reaction (positive and negative) occurring with larger banks stocks.
关键词：Dodd-Frank Act;Regulation;Legislation;Bank;Market Reaction