Article ID Journal Published Year Pages File Type
5087555 Journal of Asian Economics 2011 16 Pages PDF
Abstract
▶ Banks with lower market-valued capital ratios have higher returns on average. ▶ The market-valued capital ratio proxies for sensitivity to common risk factors. ▶ Low market-valued capital ratio signals persistently poor profitability. ▶ The market-valued capital ratio predicts strongly bank performance during the crisis.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Capital ratios and the cross-section of bank stock returns: Evidence from Japan
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