valuation

Publication date: 1 Sep 2014 | Publication type: NIESR Discussion Paper | Theme: Britain & Finance | Authors: Armstrong, A
Using a panel of the largest 800 banks from 31 OECD countries between 1998-2012 we investigate whether the diversity of financial institutions affects their valuations. That is whether banks with more diversified operations trade at a premium (reduce risk) or discount (are too complex). We look at...