کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5085028 1477924 2013 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
How does transparency affect bank financial performance?
ترجمه فارسی عنوان
چگونه شفافیت عملکرد بانکی را تحت تاثیر قرار می دهد؟
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
Theoretical studies suggest that increased transparency reduces a firm's cost of capital (Diamond & Verrecchia, 1991). Thus, more transparency should improve financial performance. We examine the relation between firm transparency and bank holding company (BHC) profit efficiency using the number of analysts following a BHC and the standard deviation of analysts' EPS forecasts to measure transparency. Our hypothesis is that more transparent BHCs are better managed, causing a positive relation between transparency and profit efficiency. The empirical results confirm that transparency has a positive effect on profit efficiency.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Review of Financial Analysis - Volume 29, September 2013, Pages 24-30
نویسندگان
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