Valuation Effects of the International Banking Act on Foreign Banks Operating in the United States: Note
研究1978年《国际银行法》通过期间31家在美国经营的外国银行的每日股价变化，发现法案签署后出现显著负异常收益，表明该法案减少了美国银行与外国银行之间的监管不平等。
This study empirically evaluates the daily stock price behavior of thirty-one major foreign banks operating in the United States at the time of the passage of the International Banking Act of 1978. Statistically insignificant abnormal returns are observed during the months of debate over this legislation. However, negative and statistically significant abnormal returns are found after the bill was signed by President Carter. The empirical results of this analysis, taken together with those of previous research, suggest that the International Banking Act was perceived at the time as having reduced the regulatory inequities between U.S. banks and foreign banks operating in the United States. Copyright 1991 by Ohio State University Press.