Aug 2026· Economics & Business Management· 0 citations· 18 references
Abstract
Interest rate liberalization pressures Chinese listed banks to expand non-interest in-come, yet prior research overlooks capital-market valuation responses. Using a bal-anced panel of 24 A-share banks (2015–2024, 240 observations) with two-way fixed-effects regressions, we find that non-interest income ratio (NIIR) significantly boosts ROE (β=0.055, p=0.003) but has no significant effect on market capitalization (p=0.304). Mechanism analysis reveals that investors view fee-based income as pas-sive compensation for shrinking spreads, not sustainable growth, thus denying valua-tion premiums. Credit risk and net interest margins remain key drivers for both prof-its and market prices. This study constructs a dual "accounting profit + market valua-tion" framework, filling a gap in diversification literature, and offers strategic impli-cations for bank management, investors, and regulators to prioritize quality over scale in non-interest businesses.
This study examines how non-interest income diversification affects bank performance and risk in selected emerging Asian economies. Drawing on panel data from 44 banks across China (36) and Thailand (8) over 2022–2025, the analysis employs fixed-effects regressions, mediation analysis, and subsample testing to unpack t...
Qian Fang, N. Rojniruttikul· Journal of Risk and Financia...· 0 citations
The BI Rate fell to a pandemic-era low of 3.50% in 2021 before rising to 6.25% during the tightening cycle, straining the credit-dependent property sector. This study re-examines how profitability (ROA), leverage (DER), liquidity (CR), and systematic risk (Beta) relate to firm value (PBV) for 12 IDX-listed property fir...
Fajrin Septia Putrisani, Nunung Nurhasanah, R. M. Hendriyani· Implementasi Manajemen &...· 0 citations
This study investigates the impact of key financial ratios; Return on Assets (ROA); Loan-toDeposit Ratio (LDR), and Cost-to-Income Ratio (CIR) on the market valuation (proxied by Tobin's
Q) of listed Deposit Money Banks (DMBs) in Nigeria from 2015 to 2024. Utilizing panel data
regression with fixed effects and secondar...
G. Akinleye· Journal of Accounting and Fi...· 0 citations
Kenya’s banking sector has become increasingly concentrated through mergers, acquisitions, restructuring and technology-led scale expansion, with a small group of listed institutions controlling more than three-quarters of sector assets. Whether the resulting market power protects franchise value and promotes prudent b...
Godfrey Omondi Odundo, P. Ndichu, S. Ondiwa· American Journal of Economic...· 0 citations
Firm value is an important indicator of investor confidence, yet accounting performance and market valuation do not always move together in Indonesian state-owned banks. This study examines the associations of the Debt-to-Equity Ratio (DER) and Return on Assets (ROA) with Price-to-Book Value (PBV) in four state-owned b...
