The market value impact of operational loss events for US banks and insurers

By J. Cummins, C. Lewis, R. Wei. 2006

244 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/685d18fc818dd4ba9c3dd08b00c0ac278ec70b82

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In Accounting

In Economics and Econometrics

In Finance

Nadine Gatzert

Citations in the corpus

Operational risk and reputation in the financial industry (2010, unknown): “The same threshold as ours was also used by Cummins et al. (2006).”
The Determinants of Operational Risk in U.S. Financial Institutions (2011, unknown): “Cummins, Lewis, and Wei (2006) find a significantly negative equity market reaction to operational loss announcements.”
The Value of Enterprise Risk Management: Evidence from the U.S. Insurance Industry (2006, unknown): “Consistent with Cummins, Lewis and Wei (2006) , we define Tobin’s Q as the market value of equity plus the book value of liabilities divided by the book value of assets.”
The Value of Enterprise Risk Management (2011, unknown): “Consistent with Cummins, Lewis, and Wei (2006), we define Tobin’s Q as the market value of equity plus the book value of liabilities divided by the book value of assets.12 Cummins, Lewis, and Wei contend that this approximation of Tobin’s Q is appropriate for insurance companies because the book…”
Board composition and operational risk events of financial institutions (2013, unknown): “In the finance literature, studies have shown that while operational losses have an immediate impact on market performance (Cummins et al., 2006; Gillet et al., 2010), they also increase banks' risk exposures if the losses materialize over a period of time (Chernobai and Yildirim, 2008).”
Determinants and value of enterprise risk management: empirical evidence from Germany (2017, background): “…firm’s assets in proportion to their replacement costs (see, e.g. Hoyt and Liebenberg 2011; McShane, Nair, and Rustambekov 2011) and is calculated by (see, e.g. Cummins, Lewis, and Wei 2006; Hoyt and Liebenberg 2011) Tobin’s Q = Market value of equity + Book value of liabilities Book value of…”
The Impact of Corporate Reputation and Reputation Damaging Events on Financial Performance: Empirical Evidence from the Literature (2015, unknown): “…losses from operational risk events based on stakeholder behavior and expectations due to the negative impact on corporate reputation (see Cummins et al., 2006, Walter, 2007, Sturm, 2013, as well as Section 3.1 for the following considerations), whereby empirical evidence regarding the…”