Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3
<!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG /> </o:OfficeDocumentSettings> </xml><![endif]--> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; mso-layout-grid-align: none; tex...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Indonesia
2016-02-01
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| Series: | Indonesian Capital Market Review |
| Subjects: | |
| Online Access: | http://journal.ui.ac.id/index.php/icmr/article/view/5270 |
| _version_ | 1818082488537317376 |
|---|---|
| author | Agnes Helena Natalia Muchamad Rudi Kurniawan Rievinska R. Firsty |
| author_facet | Agnes Helena Natalia Muchamad Rudi Kurniawan Rievinska R. Firsty |
| author_sort | Agnes Helena Natalia |
| collection | DOAJ |
| description | <!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG /> </o:OfficeDocumentSettings> </xml><![endif]--> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><span style="font-size: 12.0pt; font-family: "Times New Roman","serif";">This paper empirically examines the effect of banks' revenue diversification on the stock-based return and risk measures using data on the ASEAN-5, and addition from China, Japan, and South Korea banking sector. This paper use panel Fixed Effect and robustness test with Random Effect and TSLS. We use non-interest income share as a measure for revenue diversification. We find that revenue diversification has no effect on bank market value but significantly decrease bank total risks. When non-interest income is decomposed, we find that fee-income business has significant positive effect on bank value. Furthermore, it’s important to see characteristic of banks that do diversification, such as bank size and capital. Overall, we give evidence that banks, especially which have big size and good condition on capital, could increase their value and lower their risk by doing diversification in income through non-interest income, especially with fee income and other non-interest income. </span></p> <!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves /> <w:TrackFormatting /> <w:PunctuationKerning /> <w:ValidateAgainstSchemas /> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF /> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables /> <w:SnapToGridInCell /> <w:WrapTextWithPunct /> <w:UseAsianBreakRules /> <w:DontGrowAutofit /> <w:SplitPgBreakAndParaMark /> <w:EnableOpenTypeKerning /> 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| first_indexed | 2024-12-10T19:22:54Z |
| format | Article |
| id | doaj.art-195a09ff06f04cb68b492e63250be750 |
| institution | Directory Open Access Journal |
| issn | 1979-8997 2356-3818 |
| language | English |
| last_indexed | 2024-12-10T19:22:54Z |
| publishDate | 2016-02-01 |
| publisher | Universitas Indonesia |
| record_format | Article |
| series | Indonesian Capital Market Review |
| spelling | doaj.art-195a09ff06f04cb68b492e63250be7502022-12-22T01:36:26ZengUniversitas IndonesiaIndonesian Capital Market Review1979-89972356-38182016-02-0181324510.21002/icmr.v8i1.52703204Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3Agnes Helena NataliaMuchamad Rudi KurniawanRievinska R. Firsty<!--[if gte mso 9]><xml> <o:OfficeDocumentSettings> <o:AllowPNG /> </o:OfficeDocumentSettings> </xml><![endif]--> <p class="MsoNormal" style="margin-bottom: .0001pt; text-align: justify; line-height: normal; mso-layout-grid-align: none; text-autospace: none;"><span style="font-size: 12.0pt; font-family: "Times New Roman","serif";">This paper empirically examines the effect of banks' revenue diversification on the stock-based return and risk measures using data on the ASEAN-5, and addition from China, Japan, and South Korea banking sector. This paper use panel Fixed Effect and robustness test with Random Effect and TSLS. We use non-interest income share as a measure for revenue diversification. We find that revenue diversification has no effect on bank market value but significantly decrease bank total risks. When non-interest income is decomposed, we find that fee-income business has significant positive effect on bank value. Furthermore, it’s important to see characteristic of banks that do diversification, such as bank size and capital. Overall, we give evidence that banks, especially which have big size and good condition on capital, could increase their value and lower their risk by doing diversification in income through non-interest income, especially with fee income and other non-interest income. </span></p> <!--[if gte mso 9]><xml> <w:WordDocument> <w:View>Normal</w:View> <w:Zoom>0</w:Zoom> <w:TrackMoves /> <w:TrackFormatting /> <w:PunctuationKerning /> <w:ValidateAgainstSchemas /> <w:SaveIfXMLInvalid>false</w:SaveIfXMLInvalid> <w:IgnoreMixedContent>false</w:IgnoreMixedContent> <w:AlwaysShowPlaceholderText>false</w:AlwaysShowPlaceholderText> <w:DoNotPromoteQF /> <w:LidThemeOther>EN-US</w:LidThemeOther> <w:LidThemeAsian>X-NONE</w:LidThemeAsian> <w:LidThemeComplexScript>X-NONE</w:LidThemeComplexScript> <w:Compatibility> <w:BreakWrappedTables /> <w:SnapToGridInCell /> <w:WrapTextWithPunct /> <w:UseAsianBreakRules /> <w:DontGrowAutofit /> <w:SplitPgBreakAndParaMark /> <w:EnableOpenTypeKerning /> 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*/ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para-margin-top:0cm; mso-para-margin-right:0cm; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0cm; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} --> <!--[endif] -->http://journal.ui.ac.id/index.php/icmr/article/view/5270revenue diversificationbank riskbank stock return |
| spellingShingle | Agnes Helena Natalia Muchamad Rudi Kurniawan Rievinska R. Firsty Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3 Indonesian Capital Market Review revenue diversification bank risk bank stock return |
| title | Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3 |
| title_full | Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3 |
| title_fullStr | Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3 |
| title_full_unstemmed | Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3 |
| title_short | Bank Income Diversification from Stock Market Perspective: Evidence from ASEAN+3 |
| title_sort | bank income diversification from stock market perspective evidence from asean 3 |
| topic | revenue diversification bank risk bank stock return |
| url | http://journal.ui.ac.id/index.php/icmr/article/view/5270 |
| work_keys_str_mv | AT agneshelenanatalia bankincomediversificationfromstockmarketperspectiveevidencefromasean3 AT muchamadrudikurniawan bankincomediversificationfromstockmarketperspectiveevidencefromasean3 AT rievinskarfirsty bankincomediversificationfromstockmarketperspectiveevidencefromasean3 |