Value relevance of banks: Global evidence

Document Type

Article

Publication Date

1-1-2011

Abstract

Using 28,785 observations of 813 banking institutions in 38 countries during the 1993-2004 period, this study investigates among others, the role of transparency, accounting standards, legal, financing, corporate, and banking environments at the country level and size, risk, and organization form at the bank-specific level affecting the extent of value relevance. The evidence indicates that at the macro-level, the extent of mandated accounting disclosure, differences in accounting measurement practices, and type of legal environment, were the most influencing factors affecting the extent of value relevance of earnings and book values. At the bank-level, the organizational form and risk had the most impact. © 2010 Springer Science+Business Media, LLC.

Identifier

78651451728 (Scopus)

Publication Title

Review of Quantitative Finance and Accounting

External Full Text Location

https://doi.org/10.1007/s11156-010-0170-7

e-ISSN

15737179

ISSN

0924865X

First Page

33

Last Page

55

Issue

1

Volume

36

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