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Impact of financial crisis over the evolution of banks from the capital market

Author

Listed:
  • Ioan NISTOR
  • Maria ULICI

    (Babes-Bolyai University Cluj-Napoca)

Abstract

The impact of the crisis on Europe comes from both direct and indirect channels. The direct effects have been felt mostly through the financial sector. For example, stock market volatility has increased since the onset of the crisis and wealth losses have been observed in the major stock exchanges. Stocks issued by banks underwent a period of extreme volatility in the midst of market uncertainty. This study investigates the impact of the financial crisis on some european banks through a set of indicators: earnings per share, price earnings ratio, price to book ratio and return on equity. Financial crisis has affected negative all the values of these indicators due to the low prices of the shares and the decrease of net income.

Suggested Citation

  • Ioan NISTOR & Maria ULICI, 2009. "Impact of financial crisis over the evolution of banks from the capital market," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(10), pages 22-31, December.
  • Handle: RePEc:aio:fpvfcf:v:1:y:2009:i:10:p:22-31
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    More about this item

    Keywords

    capital market; market volatility; stock exchange; banks;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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