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| Author: | Visser, J. R. Wu, H-K. |
| Title: | The effects of deregulation on bank stock price-earnings ratios |
| Journal: | Financial Analysts' Journal
1989 : SEP/OCT, VOL. 45:5, p. 62-67 |
| Index terms: | DEREGULATION BANKS ASSETS |
| Language: | eng |
| Abstract: | Study of price-earnings (P/Es) ratios in the banking sector, related to deregulation, using different variables as estimators of bank P/E. Deregulation dummy variable /DREG/ and impact of 1980 Depository Institutions Deregulation and Monetary Act /DIDMCA/. DIDMCA-related structural changes. P/E levels for banks. Deposit growth. Payout ratio. Transitory earnings. Bank assets. Short-term interest rate. Corporate bond risk premium. 15 separate variables. The Appendix gives 3 Tables covering variable description; pooled cross sectional regressions; and Chow tests for structural change. |
SCIMA