Bankruptcy of Silicon Valley Banks,Reputation Risk Cross border Transmission,and Abnormal Stock Price Fluctuations
On the basis of sorting out the causes and consequences of Silicon Valley Bank's bankruptcy,this paper uses the Event study method for the first time to identify and test the impact and heterogeneity of reputation risk caused by Silicon Valley Bank's bankruptcy on A-share listed banks.This study found that this impact does indeed exist and has significant heterogeneity.Specifi-cally,China's large state-owned banks are far more affected by the competitive effect of reputation risk than the contagion effect,and investors'confidence in them has increased.On the contrary,regional agricultural commercial banks and urban commercial banks have suffered the largest and most severe negative impact,showing a significant contagion effect of reputation risk.The performance of national joint-stock banks is between the two.
Bank bankruptcyReputation riskStock marketEvent study
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