The Effect of Cryptocurrencies’ Growing on the Value Relevance and Financial Performance of the International Banking Sector
This paper analyses and investigates the effect of cryptocurrencies growing on the capital stock prices (value relevance), and the financial performance of the international banking sector for the purpose of answering the paper’s major question regarding whether the effect of cryptocurrencies growing leads to a deterioration in the capital stock prices and financial ratios of the international banking sector. I use 5 regression models of significant R2 to investigate this relation, and to examine the paper’s hypothesis. The empirical results show initial empirical evidence that cryptocurrencies have no deteriorating effect on international banks’ capital stock prices and financial performance, and predict no potential deteriorating effect in the future as well, even if the cryptocurrencies kept on growing, and the beneficiaries from those cryptocurrencies are favoring and willing to grow the cryptocurrencies markets. I recommend for future research to continue investigating the effect of cryptocurrencies’ growing on the value relevance, and financial performance of the international banking Sector, and to replicate and expand my study by using larger sample of international banks financial reports and wider range of cryptocurrencies growing in their markets, in order to monitor the cryptocurrencies growing and banks growing in the meantime., and stand on their sustainability or their collapse in the future
Year of publication: |
[2023]
|
---|---|
Authors: | ElNashar, Tamer Aly |
Publisher: |
[S.l.] : SSRN |
Subject: | Bank | Unternehmenserfolg | Firm performance | Internationale Bank | International bank | Virtuelle Währung | Virtual currency | Welt | World |
Saved in:
freely available
Extent: | 1 Online-Ressource (37 p) |
---|---|
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments August 5, 2023 erstellt |
Other identifiers: | 10.2139/ssrn.4532623 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10014349298
Saved in favorites
Similar items by subject
-
The new challenges of global banking and finance
Huang, Winifred, (2023)
-
Nyola, Annick Pamen, (2018)
-
The Internationalization of Banks : Patterns, Strategies and Performance
(2006)
- More ...
Similar items by person