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Assessing the condition of Japanese banks: how informative are accounting earnings? Author info | Abstract | Publisher info | Download info | Related research | Statistics Hesna Genay
This article examines the accounting and stock market performance of banks from 1991 to 1997. Overall, the results indicate that the accounting, disclosure, and regulatory practices of Japanese banks have drive a wedge between their accounting and stock market returns in recent years and, furthermore, that regulatory forbearance might have become a more important source of value to shareholders than the value of assets in place.
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Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives .
Volume (Year): (1998)
Issue (Month): Q IV ()
Pages: 12-34
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Handle: RePEc:fip:fedhep:y:1998:i:qiv:p:12-34:n:v.22no.4Contact details of provider: Postal: P.O. Box 834, 230 South LaSalle Street, Chicago, Illinois 60690-0834 Phone: 312/322-5111 Fax: 312/322-5515 Email: Web page: http://www.chicagofed.org/ More information through EDIRC
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Keywords: Bank profits - Japan Japan Stock market - Japan Accounting Other versions of this item:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Cavallo, Michele & Majnoni, Giovanni, 2001.
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Ari Hyytinen & Tuomas Takalo, 2002.
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"Does the Japanese stock market price bank risk? evidence from financial firm failures ,"
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Elijah Brewer, III & Hesna Genay & George G. Kaufman, 2003.
"Banking relationships during financial distress: the evidence from Japan ,"
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Iftekhar Hasan & Larry D. Wall, 2004.
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