Journal article
Bank Shareholder Returns and Risk: An International Perspective
Managerial finance, Vol.23(11), pp.79-96
11/01/1997
Handle:
https://hdl.handle.net/2376/106449
Abstract
The global banking environment is experiencing significant change as regulatory and geographical barriers to competition are reduced. As these barriers are removed, greater integration of banking services is developing throughout the world affecting the performance and structure of banking institutions. This research examines the stock returns and volatility of stock returns for a sample of banks in the United States, Europe, Canada and Japan. The general focus is to identify factors influencing the return and risk and to examine cross-country differences in these factors. The results suggest that while size does not affect return volatility for any of the categories of banks, it does affect returns for banks in Japan, the U.S. and other non-universal banking systems. Likewise, the investment in fixed assets appears consistently to adversely affect returns. A number of differences are found across country borders and across type of institutions (i.e. universal versus non-universal banks).
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Details
- Title
- Bank Shareholder Returns and Risk: An International Perspective
- Creators
- John S Jahera - Colonial Bank Distinguished Professor, Auburn University Department of Finance, Auburn UniversityDavid A Whidbee - Associate Professor, Department of Finance, Washington State University
- Publication Details
- Managerial finance, Vol.23(11), pp.79-96
- Academic Unit
- Finance and Management Science, Department of
- Publisher
- MCB UP Ltd
- Identifiers
- 99900546770801842
- Language
- English
- Resource Type
- Journal article