자산과 이익구성요소를 이용한 은행기업가치 실증분석

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valuation, it is meant that the contents of the accounting information unpublished in the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