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REPUTATIONAL RISK OF BANKS – A STUDY ON THE EFFECTS OF REGULATORY SANCTIONS FOR MAJOR BANKS IN EUROPE

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Table I: Five Number Summary of Fines, including Compensation
Figure 1: Timeline of an Event Study (adopted from Mc Kinlay (1997))
Table II reports the CARs and the corresponding test statistics for the complete sample over  the  indicated  event  windows,  while  neglecting  the  impact  of  the  fine
Figure 2: CAAR for Event Window of size 61 days
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