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dc.contributor.authorChronopoulos, Dimitris K.
dc.contributor.authorSobiech, Anna L.
dc.contributor.authorWilson, John O. S.
dc.identifier.citationChronopoulos , D K , Sobiech , A L & Wilson , J O S 2019 , ' The Australian Bank Levy : do shareholders pay? ' , Finance Research Letters , vol. 28 , pp. 412-415 .
dc.identifier.otherPURE: 253406700
dc.identifier.otherPURE UUID: 28294986-9cc4-49b5-9e74-2d1c3b411cc0
dc.identifier.otherRIS: urn:4DA6C9BD1DA0315DFFE7D64F93C08F03
dc.identifier.otherScopus: 85049441657
dc.identifier.otherWOS: 000462265500056
dc.identifier.otherORCID: /0000-0002-9554-9332/work/81797347
dc.identifier.otherORCID: /0000-0002-2288-4842/work/82179514
dc.description.abstractSince the global financial crisis, the tax treatment of banks has gained interest in academic and public policy arenas. In this paper, we investigate the stock price reaction of a small sample of commercial banks that were affected by the sudden introduction of a bank levy in Australia. The results of an event study analysis suggest that there is a significant decline in the returns of affected banks following the announcement of the bank levy. This suggests that the banks liable to pay the Australian bank levy lose a considerable percentage (5.2%) of their market capitalisation following its announcement.
dc.relation.ispartofFinance Research Lettersen
dc.rights© 2018 Elsevier Inc. This work has been made available online in accordance with the publisher’s policies. This is the author created, accepted version manuscript following peer review and may differ slightly from the final published version. The final published version of this work is available at
dc.subjectBank levyen
dc.subjectAustralian banksen
dc.subjectEvent Studyen
dc.subjectHG Financeen
dc.titleThe Australian Bank Levy : do shareholders pay?en
dc.typeJournal articleen
dc.contributor.institutionUniversity of St Andrews. School of Managementen
dc.contributor.institutionUniversity of St Andrews. Centre for Responsible Banking and Financeen
dc.description.statusPeer revieweden

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