FIRREA and the savings and loan industry: was there a wealth effect? (Financial Institutions Reform, Recovery and Enforcement Act of 1989): An article from: Mid-Atlantic Journal of Business

This digital document is an article from Mid-Atlantic Journal of Business, published by Stillman School of Business on December 1, 1995. The length of the article is 4963 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) of 1989 was enacted to prevent the recurrence of the savings and loan crisis of the late 1980s. It has provisions for the resolution of bankrupt savings and loan (S&L) associations and imposes limits on the activities of these financial institutions. A study is conducted to examine whether FIRREA had any wealth effect for some of the bigger, exchange-traded S&Ls. The results show that market reaction to the law was favorable.

Citation Details
Title: FIRREA and the savings and loan industry: was there a wealth effect? (Financial Institutions Reform, Recovery and Enforcement Act of 1989)
Author: James R. Barth
Publication:Mid-Atlantic Journal of Business (Refereed)
Date: December 1, 1995
Publisher: Stillman School of Business
Volume: v31 Issue: n3 Page: p271(12)

Distributed by Thomson Gale