کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5089966 1375612 2011 9 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Explaining bank market-to-book ratios: Evidence from 2006 to 2009
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Explaining bank market-to-book ratios: Evidence from 2006 to 2009
چکیده انگلیسی
This paper examines the market-price to book-value ratio for 6604 bank stock observations from December 31, 2006 through June 30, 2009. We relate each bank's market-price to book-value ratio to several fundamental ratios and whether the bank took funds from the US Treasury under the Troubled Asset Relief Program (TARP). The results of this study show that banks who took TARP funds have lower market-price to book-value ratios. In addition, lower relative costs, higher non-interest income, and lower assets in non-accrual or foreclosed status are associated with higher market-price to book-value ratios while controlling for size and other bank attributes.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 35, Issue 8, August 2011, Pages 2047-2055
نویسندگان
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