Market valuation of Japanese banks
67 p.
Saved in:
| Main Authors: | , , |
|---|---|
| Other Authors: | |
| Format: | Final Year Project |
| Published: |
2014
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/57857 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Nanyang Technological University |
| id |
sg-ntu-dr.10356-57857 |
|---|---|
| record_format |
dspace |
| spelling |
sg-ntu-dr.10356-578572023-05-19T07:23:13Z Market valuation of Japanese banks Bong, Janice Huey Yun Hong, Maggie Bee Ling Koh, Yen Ling Liu Ming Hua Nanyang Business School DRNTU::Business::Finance::Bank management 67 p. The study explores into the market valuation of Japanese banks. A parallel study done by the investment researchers at Goldman Sachs, in the context of US banks, was known as 'Bank-Track, Emerging Trend for Bank Stock: The Supremacy of Equity'. Their research unearthed a new valuation rule which stipulates a bank's capital adequacy, reflected by its equity ratio, as the dominant tool for the valuation of the bank stocks. This finding inspired us to embark on a research to test the validity of this new valuation rule in the Japanese context. Based on a sample of 97 listed Japanese banks, equity ratios were regressed on the corresponding P/E ratios. However, the equity ratio is found to have no relation with the level of P/E ratio in the Japanese context. An equally important discovery is that valuation of regional banks is different from that of other bank categories. These findings imply that capital may not be a tool for the valuation of Japanese banks after all. BUSINESS 2014-04-07T11:04:05Z 2014-04-07T11:04:05Z 1997 1997 Final Year Project (FYP) http://hdl.handle.net/10356/57857 Nanyang Technological University application/pdf |
| institution |
Nanyang Technological University |
| building |
NTU Library |
| continent |
Asia |
| country |
Singapore Singapore |
| content_provider |
NTU Library |
| collection |
DR-NTU |
| topic |
DRNTU::Business::Finance::Bank management |
| spellingShingle |
DRNTU::Business::Finance::Bank management Bong, Janice Huey Yun Hong, Maggie Bee Ling Koh, Yen Ling Market valuation of Japanese banks |
| description |
67 p. |
| author2 |
Liu Ming Hua |
| author_facet |
Liu Ming Hua Bong, Janice Huey Yun Hong, Maggie Bee Ling Koh, Yen Ling |
| format |
Final Year Project |
| author |
Bong, Janice Huey Yun Hong, Maggie Bee Ling Koh, Yen Ling |
| author_sort |
Bong, Janice Huey Yun |
| title |
Market valuation of Japanese banks |
| title_short |
Market valuation of Japanese banks |
| title_full |
Market valuation of Japanese banks |
| title_fullStr |
Market valuation of Japanese banks |
| title_full_unstemmed |
Market valuation of Japanese banks |
| title_sort |
market valuation of japanese banks |
| publishDate |
2014 |
| url |
http://hdl.handle.net/10356/57857 |
| _version_ |
1772826227584794624 |