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

Full Text:

PDF

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.

(...etc.)

Article Metrics

Metrics Loading ...

Metrics powered by PLOS ALM




Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Economic Journal of Emerging Markets (EJEM) is accredited by the Ministry of Research, Technology and Higher Education of the Republic of Indonesia (RISTEKDIKTI), No. 30/E/KPT/2018. It is currently indexed in:

Emerging Source Citation Index Clarivate AnalyticsREPEC (Econpapers)EBSCO, ProQuestDirectory of Open Access Journals (DOAJ)Cite FactorSinta (Science and Technology Index)IPI (Indonesian Publication Index)OCEC WorldCatHarvard LibraryThe Univesity of ManchesterUniversity of OxfordGoogle ScholarAsean Citation IndexDimensions - Digital Science

  Harvard Library   Google Scholar     Indonesian Publication Index (IPI)   WorldCat  Harvard Library  University of Oxford    

 
 Creative Commons License
Economic Journal of Emerging Markets by https://journal.uii.ac.id/JEP/ is licensed under a Creative Commons Attribution 4.0 International License.