Can we breathe a sigh of relief now? The impact of First Republic Bank takeover by JP Morgan on the US equity markets

dc.contributor.author	Nobanee, Haitham
dc.contributor.author	Azmi, Wajahat
dc.contributor.author	Chakraborty, Dipanwita
dc.contributor.author	Hamill, Philip Anthony
dc.contributor.author	Nghiem, Xuan-Hoa
dc.date.accessioned	2024-05-29T08:58:29Z
dc.date.available	2024-05-29T08:58:29Z
dc.date.issued	2023-12
dc.description.abstract	This paper investigates the effects of the takeover of First Republic Bank (FRB) by JP Morgan Chase on different US equity indices. Results from an event-study approach reveal that this acquisition exerts no significant impact on US equity markets, indicating that these markets in the US are relatively immune to extreme shocks and therefore, could act as a safe haven for investors during times of high uncertainty. © 2023 Elsevier Inc. Keywords: Bank failures, Equity markets, Event-study approach, Financial crisis, Takeover	en
dc.identifier.citation	Nobanee, H., Azmi, W., Chakraborty, D., Hamill, P. A., & Nghiem, X. H. (2023). Can we breathe a sigh of relief now? The impact of First Republic Bank takeover by JP Morgan on the US equity markets. Finance Research Letters, 58, 104344.
dc.identifier.doi	https://doi.org/10.1016/j.frl.2023.104344
dc.identifier.uri	https://dspace.adu.ac.ae/handle/1/5489
dc.language.iso	en_US
dc.publisher	Elsevier Ltd
dc.title	Can we breathe a sigh of relief now? The impact of First Republic Bank takeover by JP Morgan on the US equity markets
dc.type	Article

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