We examine which traditional asset pricing variables together with bank-specific accounting variables explain the cross …-sectional variation of future bank stock returns, using a firm-level data of eight Asian countries. Our empirical evidence shows that … exchange rate risk, firm size, the book-to-market ratio, and the net income ratio are important in explaining future bank stock …

Japan, commonly known as the "Lost Decade," although it extended well beyond 10 years. The conventional wisdom appears to be … credit in Japan associated with banks' evergreening loans, distinguishing between financial distress, which may be temporary …