Intra-Industry Contagion Effects of Earnings Surprises in the Banking Sector

  • Marcel Prokopczuk
  • Published 2009


In this paper we investigate whether contagion is present in the banking sector by analyzing how banks are affected by negative earnings surprises from their competitors. The banking sector is of crucial importance for the economy and, thus, highly regulated on an individual bank level. However, a high degree of contagion risk should call for a regulation… (More)


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