Markoulis, Stelios; Martzoukos, Spiros; Savva, Savvas; … - 2023
In this paper we examine the evolution of the market-to-book ratio of European banks before, during and after the Global Financial Crisis (GFC) and the Euro sovereign debt crisis. We employ a panel of 215 listed European banks, which we analyse over the period 2006-2020. Clearly, their...