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The Effect of Blockholders on Bank Valuation

Resource type
Graduating extended essay / Research project
Date created
2014-04
Authors/Contributors
Author: Ling, Jiaxin
Author: Yu, Yuting
Abstract
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.
Description
MSc in Finance Project - Simon Fraser University

Keywords

Copyright statement
Copyright is held by the author(s).
Permissions
You are free to copy, distribute and transmit this work under the following conditions: You must give attribution to the work (but not in any way that suggests that the author endorses you or your use of the work); You may not use this work for commercial purposes.
Scholarly level
Graduate student (Masters)
Peer reviewed?
No
Language
English
Member of collection
Beedie School of Business: Segal Graduate School Final Projects
Download file Size
revised final project0411B.pdf 1015.48 KB

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