Does capital structure affect the valuation of banks?

Detta är en Kandidat-uppsats från

Författare: David Eklund; Petter Lundgren; [2020-08-25]

Nyckelord: capital structure; debt to equity-ratio;

Sammanfattning: In this paper, we examine the capital structure and other factors affecting the valuation of U.S. banks. The study focuses on the largest publicly traded U.S banks in 2000-2019. To achieve the purpose, a quantitative method has been applied where a dataset has been analyzed through balanced panel data. We find that banks relationship between debt and equity differs from that of non-financial companies and our regression model shows that the capital structure has an impact on the valuation of banks in the stock market.

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