Efficiency and stock performance of listed banks in asean-5 exchanges : comparison of pre and post-recent global financial crisis

Name: Anurak Tachameena

keyword: ASEAN-5 banking

LCSH: Stocks -- Rate of return Stocks -- Prices

; SFA

LCSH: Corporate profits -- Forecasting

; Efficiency

LCSH: Bank liquidity Financial crises -- Southeast Asia

; Stock returns

Abstract: This paper examines the link between cost and profit efficiency estimates and the stock performance of listed banks in ASEAN-5 Exchanges over the period 2003-2012, which the present study intends to compare the findings between pre- and post- US financial crisis. First, we use stochastic frontier analysis (SFA) model to measure the cost and profit efficiency of 67 banks in five countries, while accounting for environmental differences. Then, we regress changes in these efficiency scores against stock price performance through fixed effects panel regression technique. Our empirical results indicate that there is no concurrent relationship between changes in both efficiency scores of banks and their stock returns, but they are significant on the case of lead relationship

Thammasat University. Thammasat University Library

Address: BANGKOK

Email: preserv@tu.ac.th

Name: Kulpatra Sirodom

Role: advisor

Created: 2014

Modified: 2021-12-17

Issued: 2021-12-17

วิทยานิพนธ์/Thesis

application/pdf

DOI: 10.14457/TU.the.2014.585

eng

DegreeName: Master of Science

Level: Master's Degree

Descipline: Finance

Grantor: Thammasat University

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