THE IMPACT OF BANK DIVERSIFICATION ON STOCK MARKET VALUE: EVIDENCE FROM PAKISTAN

Authors

  • Sana Younas Student at Iqra University
  • Dr Imran Riaz Malik Associate Professor, Iqra University
  • Anum Shafique Phd Scholar at Capital University of Science and Technology, Islamabad

DOI:

https://doi.org/10.17605/OSF.IO/BJ65R

Keywords:

Bank Diversification, Stock Market Value, Commercial Banks

Abstract

Although commercial banks have gradually followed the diversification strategy and sneaked into non-traditional activities for further income sources, studies on diversification outcomes provide diverse results. This research investigates how stock market values bank diversification using a data set of Pakistani listed banks for the period 2009-2017. Over all we find a negative relationship between bank diversification and stock market valuation. This implies investor prefer to invest in the banks who focus on traditional activities.

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Published

2021-05-09

Issue

Vol. 2 No. 05 (2021): academiascience

Section

Articles

How to Cite

THE IMPACT OF BANK DIVERSIFICATION ON STOCK MARKET VALUE: EVIDENCE FROM PAKISTAN. (2021). Academicia Globe: Inderscience Research , 2(05), 117-129. https://doi.org/10.17605/OSF.IO/BJ65R