Land prices and its effect on the Japanese bank stocks

Athambawa Abdul Azeez, Yasuhiro Yonezawa, Sriyama Kanthi Herath

Research output: Contribution to journalArticlepeer-review

4 Citations (Scopus)

Abstract

This study attempts to shed light on whether land price movements have contributed to fluctuations in bank stock returns. Although the aim of this paper is to see the relationship between land prices and bank stock returns, other macroeconomic factors have also been included in order to use the multifactor APT model. We find that land price is a significant risk factor affecting the Japanese bank stock returns during the bubble period in addition to other factors such as exchange rate, inflation and money supply.

Original languageEnglish
Pages (from-to)104-117
Number of pages14
JournalInternational Journal of Electronic Finance
Volume1
Issue number1
DOIs
Publication statusPublished - 2006

Keywords

  • APT
  • E-finance
  • Exchange rate
  • Japanese bank stocks
  • Land prices

ASJC Scopus subject areas

  • Management of Technology and Innovation
  • Computer Networks and Communications
  • Computer Science Applications
  • Finance

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