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자산과 이익구성요소를 이용한 은행기업가치 실증분석
An Empirical Study on the Explanatory Power of Assets and Earnings Components for the Market Value in Banking Industry

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Authors
이덕훈
Issue Date
2001-12
Publisher
서울대학교 경영연구소
Citation
경영논집, Vol.35 No.4, pp. 251-286
Keywords
251-286
Description
2001-12
Abstract
The management of bank asset is divided into loan, marketable securities, foreign

exchange, loan guarantee, trust. etc. In case of loan and marketable securities, the verification

of the loss and profit information composed of each asset group gives an opportunity to

reconsider the role of accounting information. In this dissertation it is tried to verify as

following;

Firstly, I tried to find the contents of the information about the fair market valuation of the

loan and marketable securities affecting the value of banks. In a market reaction to the fair

valuation, it is meant that the contents of the accounting information unpublished in the

capital market are considered into market valuation of bank, if the fair market valuation

elements has significant power of explanation.

Secondly, I tried to verify the discriminatory power of explanation about earning items in

banking industry. Because of the differently applied risk on each asset, loan and marketable

securities has different impact on earning of a bank, eventually so does stock price. This can

be verified by changes in stock value about loss of two different assets.

Thirdly, it is the verification for the contents of information given by each loss and profit occurred in loan and marketable securities with different characteristics in persistency and

volatility. This dissertation verifies that loss and profit occurred in loan and marketable

securities provide significant information about the value of the banks in addition to the net

income and operating income.
ISSN
1229-0491
Language
Korean
URI
https://hdl.handle.net/10371/44353
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College of Business Administration/Business School (경영대학/대학원)Institute of Management Research (경영연구소)경영논집경영논집 vol.35 (2001)
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