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The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world

Miklesh Prasad Yadav Orcid Logo, Amar Rao Orcid Logo, Abedin Abedin, Sabia Tabassum Orcid Logo, 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...

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Published in: Finance Research Letters
ISSN: 1544-6123 1544-6131
Published: Elsevier BV 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa64241
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first_indexed 2023-09-19T13:48:00Z
last_indexed 2023-09-19T13:48:00Z
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spelling v2 64241 2023-08-31 The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world 4ed8c020eae0c9bec4f5d9495d86d415 Abedin Abedin Abedin Abedin true false 2023-08-31 BAF 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. Journal Article Finance Research Letters 55 103952 Elsevier BV 1544-6123 1544-6131 Abnormal return, Event study, Equity indices, Market efficiency, Silicon Valley bank 31 7 2023 2023-07-31 10.1016/j.frl.2023.103952 http://dx.doi.org/10.1016/j.frl.2023.103952 COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University The authors received no financial support for the research, authorship, and/or publication of this article. 2023-09-20T11:00:18.6250673 2023-08-31T17:43:07.3848070 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Miklesh Prasad Yadav 0000-0001-7851-5803 1 Amar Rao 0000-0002-8787-7061 2 Abedin Abedin 3 Sabia Tabassum 0000-0002-9072-8366 4 Brian Lucey 5 64241__28587__5bd6a425531f4ad1914cac34194deebb.pdf 64241.VOR.pdf 2023-09-19T14:48:39.7074919 Output 363744 application/pdf Version of Record true © 2023 The Author(s). Published by Elsevier Inc. Distributed under the terms of a Creative Commons Attribution 4.0 License (CC BY 4.0). true eng https://creativecommons.org/licenses/by/4.0/
title The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
spellingShingle The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
Abedin Abedin
title_short The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
title_full The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
title_fullStr The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
title_full_unstemmed The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
title_sort The domino effect: Analyzing the impact of Silicon Valley Bank's fall on top equity indices around the world
author_id_str_mv 4ed8c020eae0c9bec4f5d9495d86d415
author_id_fullname_str_mv 4ed8c020eae0c9bec4f5d9495d86d415_***_Abedin Abedin
author Abedin Abedin
author2 Miklesh Prasad Yadav
Amar Rao
Abedin Abedin
Sabia Tabassum
Brian Lucey
format Journal article
container_title Finance Research Letters
container_volume 55
container_start_page 103952
publishDate 2023
institution Swansea University
issn 1544-6123
1544-6131
doi_str_mv 10.1016/j.frl.2023.103952
publisher Elsevier BV
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1016/j.frl.2023.103952
document_store_str 1
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description 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.
published_date 2023-07-31T11:00:15Z
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score 11.016235

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