Global Perspective on the Banking Crisis and Recovery: An Analysis of Domestic vs. Foreign Banks

Th e objective of this study is threefold. First, we compare the negative impact of the fi nancial crisis on the stock prices of U.S. banks vs. overseas banks. Second, we examine the crisis events and policy interventions that carried the most impact on equity valuations of fi nancial stocks. Th ird, we examine various fi rm-specifi c attributes associated with stock price decline of U.S. banks and foreign banks.