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Rentabilité, risque et diversification internationale des banques à charte canadiennes

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  • Cosset, Jean-Claude

    (Faculté des sciences de l’administration, Université Laval)

  • Lampron, Laurent

    (Société pour l’expansion des exportations (Ottawa))

Abstract

This paper examines in the framework of the asset pricing theory how the internationalization of banking operations has influenced the returns and the risk of Canadian chartered banks.

Suggested Citation

  • Cosset, Jean-Claude & Lampron, Laurent, 1982. "Rentabilité, risque et diversification internationale des banques à charte canadiennes," L'Actualité Economique, Société Canadienne de Science Economique, vol. 58(4), pages 477-492, décembre.
    • Handle: RePEc:ris:actuec:v:58:y:1982:i:4:p:477-492
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    References listed on IDEAS

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    1. Levy, Haim & Sarnat, Marshall, 1970. "International Diversification of Investment Portfolios," American Economic Review, American Economic Association, vol. 60(4), pages 668-675, September.
    2. Ross, Stephen A, 1978. "The Current Status of the Capital Asset Pricing Model (CAPM)," Journal of Finance, American Finance Association, vol. 33(3), pages 885-901, June.
    3. Goldberg, Lawrence G. & Saunders, Anthony, 1981. "The determinants of foreign banking activity in the United States," Journal of Banking & Finance, Elsevier, vol. 5(1), pages 17-32, March.
    4. Rubinstein, Mark E, 1973. "A Mean-Variance Synthesis of Corporate Financial Theory," Journal of Finance, American Finance Association, vol. 28(1), pages 167-181, March.
    5. Roll, Richard, 1977. "A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory," Journal of Financial Economics, Elsevier, vol. 4(2), pages 129-176, March.
    6. Gonedes, Nicholas J., 1975. "A Note of Accounting-Based and Market-Based Estimates of Systematic Risk," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 10(2), pages 355-365, June.
    7. Alan M Rugman, 1976. "Risk Reduction by International Diversification," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 7(2), pages 75-80, June.
    8. William F. Sharpe, 1964. "Capital Asset Prices: A Theory Of Market Equilibrium Under Conditions Of Risk," Journal of Finance, American Finance Association, vol. 19(3), pages 425-442, September.
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