Universal banks combine commercial loan services and public deposit functions with investment, and other services such as home and auto financing, mutual funds, pension and insurance to name a few. The importance of universal banks have been recognized in emerging economies, and its growth spur economic growth and development of many countries in the world. Most universal banks are listed in stock exchanges, and as financial intermediaries, not only these banks expand their already wide portfolios but they allow more global investors into the fold, almost like a foreign direct investor, the difference only is, the investor don’t have to leave the home country. Since these banks are considered to be among the key players in stock markets, and this study seeks to understand what factors drive their performance in stock exchange so that global investors be aided in making investment decisions on universal banks.
Adepoju, B. (2013). Stock market performance of some selected Nigerian commercial banks amidst economic turbulence. Journal of Economics and Sustainable Development, 4(13), 170~179
Aruomoaghe, J., & Olugbenga, E. (2014). Financing capital investments in Nigeria: the role of the banking industry. Asian Economic and Financial Review, 4(8), 1123-1130
Bhattarai, Y. (2014). Determinants of share price of Nepalese Commercial Banks. Economic Journal of Development Issues, 17 & 18(1-2), 187-198.
Benston, G. (1994). Universal banking. Journal of Economic Perspectives, 8(3), 121-143
Calomiris, C. (1995). Universal banking and the financing of industrial development. World Bank Group. doi:https://doi.org/10.1596/1813-9450-1533
Chipa, M., & Nabi, A. (2015). Factors affecting share prices of banking sector in Pakistan. Journal of Economic Info, 4(1), 1-5. doi:10.31580/jei.v3i1.82
Disfold. (2019). Top 30 companies of the UK in the FTSE index. Available from: https://disfold.com/top-companies-uk-ftse/
Disfold. (2019). Top 30 companies of Canada in the TSX index. Available from: https://disfold.com/top-companies-canada-tsx/>
Ghauri, S. (2014). Determinants of changes in share prices in banking sector of Pakistan. Journal of Economic and Administrative Sciences.
Goldschmidt, P. (2016). High time for Europe to shed its universal banking model. The Globalist. Available from: https://www.theglobalist.com/europe-to-shed-universal-banking-model/
Hossain, M. (2016). Banks’ exposure to stock market: boon or bane? Available from: https://bea-bd.org/site/images/pdf/new17/46.pdf
Masum, A. (2014). Dividend policy and its impact on stock price – a study on commercial banks listed in Dhaka Stock Exchange. Global Disclosure of Economics and Business, 3(1)
Moneycontrol.com. Available from: https://www.moneycontrol.com/stocks/marketinfo/marketcap/bse/bank-private.html
Morrison, A. (2012). Universal banking. The Oxford Handbook of Banking. doi:10.1093/oxfordhb/9780199640935.013.0007
Mousavi, A,, & Karshenasan, A. (2017). Factors affecting the value of bank shares in Tehran Stock Exchange. European Journal of Economic and Financial Research, 2(3), 28-38. doi: http://dx.doi.org/10.5281/zenodo.824209
Nataraja, N., Nataraja, R., & Ganesh, L. (2018). Financial performance of private commercial banks in India: multiple regression analysis. Academy of Accounting and Financial Studies Journal, 22(2), 1-12.
Ng, J., & Trinidad, F. (2018). A real options model for loan portfolios of actively traded Philippine universal banks. Journal of Global Entrepreneurship Research, 8(4)
Odhiambo, N. (2010). Are banks and stock markets positively related? Empirical evidence from South Africa. The Journal of Applied Business Research, 26(6), 17-26
Oladele, K. (2013). The determinants of value creation in the Nigerain banking industry: panel evidence. International Journal of Business and Social Sciences, 4(3), 89-101
Ramakrishnan, P. & Toppur, B. (2016). A study of banking stocks in India to develop a model for prudent investment. Universal Journal of Management, 4(9), 477-487. doi:10.13189/ujm.2016.040902
Rauf, A. (2015). What determine share prices? Evidences from banking sector listed in Colombo Stock Exchange. 5th International Symposium 2015.
Ruthenberg, D., Pearl, S., & Landskroner, Y. (2011). Factors affecting stock market performance with special reference to market-to-book ratio in banking – the Israeli case. Banks and Bank Systems, 6(1).
Srairi, S., Harrathi, N., & Kouki, I. (2012). Efficiency and stock market performance of Islamic banks in GCC countries. Researchgate. doi: 10.12816/0002749
Shanghai Stock Exchange. Available from http://english.sse.com.cn/listed/statistics/
Shukla, V. (2019). Top 10 largest stock exchanges in the world by market capitalization. Value Walk. Retrieved from https://www.valuewalk.com/2019/02/top-10-largest-stock-exchanges/
USLegal. (2015). Universal banking law and legal definition. Available from: https://definitions.uslegal.com/u/universal-banking/
Tomita, M. (2018). BOJ is top-10 shareholder in 40% of Japan’s listed companies. Nikkei Asian Review. Available from: https://asia.nikkei.com/Economy/BOJ-is-top-10-shareholder-in-40-of-Japan-s-listed-companies
TopForeignStocks. The Complete List of Banks trading on NASDAQ. Retrieved from https://topforeignstocks.com/stock-lists/the-complete-list-of-bank-stocks-trading-on-nasdaq/
TopForeignStocks. The Complete List of Banks trading on NYSE. Retrieved from https://topforeignstocks.com/stock-lists/the-complete-list-of-bank-stocks-trading-on-the-nyse-2/
Yao, S., Luo, D., & Stephen, M. (2008). The relationship between SSE Composite Stock Index and banking stock prices: A causality analysis. Available from: http://www.ceauk.org.uk/2008-conference-papers/Dan-Luo-bank-index-causality.doc
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.