The Role of Equity Funds in the Financial Crisis Propagation
The early stage of the recent financial crisis was marked by large value losses for bank stocks. This paper identifies the equity funds most affected by this valuation shock and examines its consequences for the non-financial stocks owned by the same funds. We find that (i) ownership links to “distr...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2011
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/3071 https://ssrn.com/abstract=1742065 |
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| Institution: | Singapore Management University |
| Language: | English |