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The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
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Amar Rao ,
Abedin Abedin,
Sabia Tabassum ,
Brian Lucey
Finance Research Letters, Volume: 55, Start page: 103952
Swansea University Author: Abedin Abedin
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DOI (Published version): 10.1016/j.frl.2023.103952
Abstract
This study used event study methodology to analyze the impact of Silicon Valley Bank (SVB) fall on the top nine global equity indices from 6 September 2022 to 22 March 2023. The steep sell-off of equities due to the bank run on March 10, 2023, was the major reason behind this movement. The study sug...
| Published in: | Finance Research Letters |
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| ISSN: | 1544-6123 1544-6131 |
| Published: |
Elsevier BV
2023
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| Online Access: |
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| URI: | https://cronfa.swan.ac.uk/Record/cronfa64241 |
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| Abstract: |
This study used event study methodology to analyze the impact of Silicon Valley Bank (SVB) fall on the top nine global equity indices from 6 September 2022 to 22 March 2023. The steep sell-off of equities due to the bank run on March 10, 2023, was the major reason behind this movement. The study suggests that the failure of a major financial institution like SVB can have a significant impact on the global equity markets, with contagion effects spreading across borders. |
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| Keywords: |
Abnormal return, Event study, Equity indices, Market efficiency, Silicon Valley bank |
| College: |
Faculty of Humanities and Social Sciences |
| Funders: |
The authors received no financial support for the research, authorship, and/or publication of this article. |
| Start Page: |
103952 |