Bank income diversification from stock market perspective: evidence from asean+3 / Natalia, M. Rudi Kurniawan, Rievinska R. Firsty
Natalia;
M. Rudi Kurniawan
Rievinska R. Firsty
(Fakultas Ekonomi dan Bisnis Universitas Indonesia, 2016)
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| This paper empirically examines the effect of banks' revenue diversification on the stock-basedreturn and risk measures using data on the ASEAN-5, and addition from China, Japan, and SouthKorea banking sector. This paper use panel Fixed Effect and robustness test with Random Effect andTSLS. We use non-interest income share as a measure for revenue diversification. We find that revenuediversification has no effect on bank’s market value but significantly decrease bank total risks. Whennon-interest income is decomposed, we find that fee-income business has significant positive effect onbank value. Furthermore, it’s important to see characteristic of banks that practice diversification,such as bank size and capital. Overall, we provide evidence that banks, especially larger oneswithgood condition on capital, could increase their value and lower their risk by diversifying non-interestincome, especially with fee income as well as other types of non-interest income. |
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| Penerbitan : | [Place of publication not identified]: Fakultas Ekonomi dan Bisnis Universitas Indonesia, 2016 |
| Sumber Pengatalogan : | LibUI eng rda |
| ISSN : | 23563818 |
| Majalah/Jurnal : | Indonesian Capital Market Review |
| Volume : | Vol 8 No 1 January 2016 32-45 |
| Tipe Konten : | text |
| Tipe Media : | computer |
| Tipe Carrier : | online resource |
| Akses Elektronik : | http://journal.ui.ac.id/index.php/icmr/article/view/5270 |
| Institusi Pemilik : | Universitas Indonesia |
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