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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | The Impact of Systemic Importance on the Value of Banks: An Event Study Approach |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Date | 2018 |
| Abstract Text | This study examines the impact of systemic importance on the value of banks. The evaluation indicates that the additional regulatory requirements targeted at systemically important banks, negatively affect the value of the banks concerned. Furthermore, the results reveal that the expectation of government's support still provides a partly offsetting positive value to the banks that are officially designated as systemically important. However, the negative impacts outweigh the positive ones in most cases and particularly since the additional regulatory requirements have been disclosed. Therefore, it can be concluded that being considered as systemically important negatively affects the value of banks. |
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