Fatores externos e internos que determinam o valor das ações bancárias no Gana
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Os valores ou os pre�os das a��es dos bancos s�o influenciados pelo desempenho de vari�veis macroecon�micas, pelas perspetivas do setor banc�rio, bem como pelos resultados operacionais e financeiros dos bancos. O objetivo deste livro foi analisar as influ�ncias e a capacidade preditiva de vari�veis externas e internas selecionadas que podem afetar a avalia��o dos bancos no Gana. Como metodologia de investiga��o, foi utilizada uma abordagem quantitativa n�o experimental, recorrendo a modelos de regress�o m�ltipla baseados na teoria do Modelo de Pre�os de Arbitragem (APM). A popula��o abrangeu todos os bancos cotados em bolsa no Gana, mas com maior �nfase no Standard Chartered Bank (SCB) e no Ghana Commercial Bank (GCB). Os resultados mostraram que as vari�veis externas podem prever a avalia��o do SCB melhor do que a avalia��o do GCB, enquanto as vari�veis internas podem prever a avalia��o do GCB melhor do que a avalia��o do SCB. O autor recomenda que os investidores atribuam maior peso � an�lise de fatores internos ao avaliar um banco estatal. No entanto, ao avaliar um banco privado estrangeiro, deve ser atribu�do maior peso aos fatores macroecon�micos do pa�s anfitri�o.
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