"http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> Comparative economic value added on Southeast Asian banking industry | Dewanti | Economic Journal of Emerging Markets

Comparative economic value added on Southeast Asian banking industry

Lintang Dewanti, Rofikoh Rokhim

Abstract


This study analyses the bank's performance comparison across countries in some ASEAN members which are listed in the stock exchange, as well as to analyse the influence of Economic Value Added (EVA) and some financial ratios on the company stock return. Analysis suggests some results. In Indonesia, Thailand and the Philippines, the movement of EVA follows the movement of Gross Domestic Product (GDP). This study also finds that Earning per Share (EPS), only in Singapore, and Return on Equity (ROE) and Return on Assets (ROA), only in the Philippines, have an influence on stock return. Only in the Philippines where EVA together with ROA has an effect on stock return.


Keywords


Banks; EVA; Stock Return; EPS; ROA; ROE

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References


Bank of Thailand. (2013). Treasury bill 3 month. Retrieved March 24, 2013, from http://www.bot.or.th/English/Pages/BOTDefault.aspx.

Bank of Thailand. (2010). The international banking crisis: Impact on Thailand’s financial system and poli-cy responses. Bank for International Settlements (BIS) Paper, 54, 377-385.

Biddle, G.C., Bowen, R.M., & Wallace, J.S. (1997). Does EVA beat earning? Evidence on association with stock returns and firm value. Journal of Accounting and Economics, 24(3), 301-336.

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DOI: http://dx.doi.org/10.20885/ejem.vol9.iss1.art8

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Economic Journal of Emerging Markets (EJEM)
ISSN 2086-3128 (print), ISSN 2502-180X (online)
Published by:
Center for Economics Studies, Faculty of Economics,
Universitas Islam Indonesia, Yogyakarta.

Creative Commons License
EJEM by http://journal.uii.ac.id/index.php/JEP/ is licensed under a Creative Commons Attribution 4.0 International License.