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Abstract

The aim of this paper is to analyze market indicators of three banks operating in United Arab Emirates during the financial crisis 2007-2008, using four market indicators, market value, earnings per share, market to book value, and share yield. Statistical tools consisting of descriptive analysis, coefficient of variation, correlation analysis and ANOVA analysis were used. Coefficient of variation analysis indicates that the Bank of Sharjah performance indicators reveal a pattern of stability over the years 2006 to 2009 relative to its counterparts. Correlation analysis reveals a strong correlation between the variables of Bank of Sharjah, whereas a weak relationship was observed between share yield and other indicators regarding other two banks. ANOVA analysis for each of market value, earnings per share and share yield indicators shows significant difference between the most of the means. Moreover, the Analysis of Market Value to Book Value indicates an insignificant difference between the means of indicators. The results of this research analyses reveal that the financial crisis affects differently the market performance of these banks.
Keywords: Firm Performance, Banks, Financial Crisis, Market Performance.