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Research Working Paper
Raising capital when the going gets tough: U.S. bank equity issuance from 2001 to 2014
The authors studied bank equity issuance during 2001–14 by publicly traded U.S. banks through seasoned equity offerings (SEOs), private investment in public equity (PIPEs), and the Troubled Asset Relief Program (TARP). Results show that private investors were an active and important source of bank recapitalization in the United States as issuance through SEOs and PIPEs peaked in the recent crisis.
Cite this item
Rajdeep Sengupta & Lamont K. Black & Ioannis Floros, Raising capital when the going gets tough: U.S. bank equity issuance from 2001 to 2014, Federal Reserve Bank of Kansas City, Research Working Paper RWP 16-5, 01 Jun 2016.
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
- G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
- G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
Keywords: Bank equity; Financial crisis; Troubled Asset Relief Program (TARP); Equity issuance; Commercial banks
This item with handle RePEc:fip:fedkrw:rwp16-05
is also listed on EconPapers
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