Δείκτες τραπεζικού κινδύνου και χρηματιστηριακές αποτιμήσεις
Bank risk indices and bank stock returns
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Keywords
Τράπεζες ; Χρηματιστηριακές αποτιμήσεις ; Χρηματιστηριακοί δείκτες ; Πιστωτικός κίνδυνος ; Δείκτης κεφαλαιακής επάρκειας ; Δείκτης μόχλευσηςAbstract
The purpose of this thesis is to examine the relationship between Banking Risks and Stock Market Returns for European and American banks. The banking risks and the financial indicators are briefly outlined below: Credit Risk Ratio, Capital Adequacy Ratio, Leverage Ratio and Total debt to Total Capital Ratio.
Using the Capitalization and the Assets as criteria, data from 19 European and 16 American banking institutions were retrieved The GRETL econometric program is used to analyze the results. Taking as fixed effects the bank and the time the data are converted to panel data
The results indicate that the stock market performance of American and European banks follow a similar behavior. The majority of them are significantly affected by banking risks and financial indicators. More specifically, for the periods being analyzed, Credit Risk Ratio, Capital Adequacy Ratio, Leverage Ratio and Total debt to Total Capital Ratio have a negative and positive relationship with the stock market performance of the banks.
Postgraduate Studies Programme
Χρηματοοικονομική και Τραπεζική με κατεύθυνση στην Χρηματοοικονομική και Τραπεζική ΔιοικητικήDepartment
Σχολή Χρηματοοικονομικής και Στατιστικής. Τμήμα Χρηματοοικονομικής και Τραπεζικής ΔιοικητικήςNumber of pages
60Language
Greek
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Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές
Attribution-NonCommercial-NoDerivatives 4.0 Διεθνές