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The Effect of Blockholders on Bank Valuation

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Author: Ling, Jiaxin
Author: Yu, Yuting
This paper examines the effect of blockholders on bank valuation. We use two measures of bank valuation, namely Tobin's Q and market to book ratio, and two measures of blockholders, namely number of blockholders and total ownership of all blockholders. Using a sample of publicly-traded bank holding companies in the U.S. from 1996 to 2001, we find a negative relationship between total ownership of all blockholders and bank valuation, but a positive relationship between number of blockholders and bank valuation.
MSc in Finance Project - Simon Fraser University
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