发布求助
文献互助 智能选刊 最新文献

International Journal of Financial Services Management最新文献

筛选
英文 中文
Financial stability and economic growth: a cross-country study 金融稳定与经济增长:一项跨国研究
International Journal of Financial Services Management Pub Date : 2011-08-16 DOI: 10.1504/IJFSM.2011.041920
Lordina P. Manu, C. Adjasi, J. Abor, S. Harvey
{"title":"Financial stability and economic growth: a cross-country study","authors":"Lordina P. Manu, C. Adjasi, J. Abor, S. Harvey","doi":"10.1504/IJFSM.2011.041920","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.041920","url":null,"abstract":"The study examines the relationship between financial stability and economic growth in Africa. Using a dynamic fixed-effect model, the results reveal that financial stability impacts positively on economic growth. Specifically, the results indicate that capital adequacy, liquidity and asset quality have significant effects on the GDP growth rate both in the long and the short run. It is recommended that the agencies concerned, mainly the central banks and the governments of African countries, should pursue policies that enhance the stability of their financial systems in order to spur economic growth in their respective countries.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126818169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 26
An accounting examination of the long-run performance of Greek acquiring firms 对希腊收购公司长期业绩的会计检验
International Journal of Financial Services Management Pub Date : 2011-08-16 DOI: 10.1504/IJFSM.2011.041922
Michail Pazarskis, Katerina Lyroudi, P. Pantelidis, P. Christodoulou
{"title":"An accounting examination of the long-run performance of Greek acquiring firms","authors":"Michail Pazarskis, Katerina Lyroudi, P. Pantelidis, P. Christodoulou","doi":"10.1504/IJFSM.2011.041922","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.041922","url":null,"abstract":"This paper examines empirically the impact of M&As on the post-merger performance of Greek merger-involved firms in the long-run perspective. The post-merger performance of an extensive sample of acquiring listed firms is investigated with accounting data analysis. For the purpose of the study, an explanatory set of 24 financial ratios (divided into five main groups) is employed, in order to measure firms' post-merger performance. The results revealed that six out of all the examined ratios had decreased and showed, in general, deterioration in several business functions of merger-involved firms' performance in the post-merger period.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129157991","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Bank risk and performance in Ghana 加纳的银行风险和绩效
International Journal of Financial Services Management Pub Date : 2011-08-16 DOI: 10.1504/IJFSM.2011.041919
T. A. Odonkor, K. A. Osei, J. Abor, C. Adjasi
{"title":"Bank risk and performance in Ghana","authors":"T. A. Odonkor, K. A. Osei, J. Abor, C. Adjasi","doi":"10.1504/IJFSM.2011.041919","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.041919","url":null,"abstract":"This paper examines the effect of risk on bank performance in Ghana. A panel data analysis of 18 banks over the period 1997-2008 is used in the study. The results show that lower risk levels lead to an increase in bank performance. In addition, the results show that when ownership interacts with risk, domestic banks that reduce risk are more likely to perform better than foreign banks with similar risk profiles. We also find that when size interacts with risk, bigger banks which engage in lower risk taking have lower performance. Relative to smaller banks, larger banks could increase activities aggressively and accommodate more risk leading to higher performance. Our results generally call for prudence in bank risk management by risk managers and central bankers alike.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"86 22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126289352","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 16
A path analysis of perceived service quality, customer satisfaction, perceived value, and behavioural intentions in Indian retail banking 感知服务质量、客户满意度、感知价值和印度零售银行行为意向的路径分析
International Journal of Financial Services Management Pub Date : 2011-01-31 DOI: 10.1504/IJFSM.2011.038329
Rajat Gera
{"title":"A path analysis of perceived service quality, customer satisfaction, perceived value, and behavioural intentions in Indian retail banking","authors":"Rajat Gera","doi":"10.1504/IJFSM.2011.038329","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.038329","url":null,"abstract":"The paper investigates the path 'perceived service quality – perceived customer value – customer satisfaction – behavioural intentions' in Indian retail banking. The service quality attributes were identified from literature and finalised after interviews with bank managers. Two service quality dimensions were extracted using exploratory and confirmatory factor analysis of data. Lisrel ver 8.5 software was used to compare two competing models, i.e. direct effects and indirect effects models. The direct effects model was of acceptable fit based on indices of fit. Perceived service quality, customer satisfaction and perceived value were significant antecedent variables of 'intention to recommend to others'. Customer satisfaction and perceived value were significant antecedents of 'intention to repurchase'. The two service quality dimensions had significant direct effects on customer satisfaction and perceived value. The results support the direct effects model of effect of perceived service quality on behavioural intentions in the Indian retail banking context.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128926808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Information flow between stock return and trading volume: the Tunisian stock market 股票收益与交易量之间的信息流:突尼斯股市
International Journal of Financial Services Management Pub Date : 2011-01-31 DOI: 10.1504/IJFSM.2011.038328
Kais Tissaoui, C. Aloui
{"title":"Information flow between stock return and trading volume: the Tunisian stock market","authors":"Kais Tissaoui, C. Aloui","doi":"10.1504/IJFSM.2011.038328","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.038328","url":null,"abstract":"This paper investigates the dynamics of information flow between stock return and trading volume in the Tunisian Stock Market (TSE) using intraday data covering the year 2006. The Cross-Correlation Function (CCF) suggested by Cheung and Ng is employed to detect the causality in mean and in variance between stock return and trading volume. Our results reveal that contrary to the Mixture of Distribution Hypothesis (MDH), only a few Tunisian stocks display instantaneous correlations in mean and in variance between trading volume and stock return. However, strong evidence of 'lead-lag' linkages in mean and in variance in major Tunisian stocks is found. This result supports the Sequential Information Arrival Hypothesis (SIAH) of Copeland (1976). Also, our results pointed out that the information flow in the TSE follows a sequential rather than simultaneous process indicating the rejection of the informational efficiency hypothesis.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134349785","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
Testing different forms of efficiency for Dhaka Stock Exchange 为达卡证券交易所测试不同形式的效率
International Journal of Financial Services Management Pub Date : 2011-01-31 DOI: 10.1504/IJFSM.2011.038325
Jarka Arefin, R. Rahman
{"title":"Testing different forms of efficiency for Dhaka Stock Exchange","authors":"Jarka Arefin, R. Rahman","doi":"10.1504/IJFSM.2011.038325","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.038325","url":null,"abstract":"The Efficient-Market Hypothesis (EMH) asserts that efficient markets are informationally efficient or all information (market, public or private) should reflect on stock prices. No one could earn excess profit using any kind of information in efficient market. There are three forms of efficiency in markets: strong, semi-strong and weak. We tested EMH for Dhaka Stock Exchange (DSE) for the period 2003–2005. We used the excess return market model to test the semi-strong form efficiency of DSE. Two forecasting techniques, Autoregressive Integrated Moving Average (ARIMA) and neural network, are used to test the weak form efficiency of DSE. We get excess return for many stocks listed in DSE, demonstrating that DSE is not an efficient market in semi-strong form. Besides, the DSE market index is not random and the trend could be captured by ARIMA and neural network techniques. Therefore, the DSE is also not an efficient market in weak form.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132765109","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 8
The cost efficiency of Greek cooperative banks: an application of two-stage data envelopment analysis 希腊合作银行的成本效率:基于两阶段数据包络分析的应用
International Journal of Financial Services Management Pub Date : 2011-01-31 DOI: 10.1504/IJFSM.2011.038327
Fotios Pasiouras, Emmanouil Sifodaskalakis, C. Zopounidis
{"title":"The cost efficiency of Greek cooperative banks: an application of two-stage data envelopment analysis","authors":"Fotios Pasiouras, Emmanouil Sifodaskalakis, C. Zopounidis","doi":"10.1504/IJFSM.2011.038327","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.038327","url":null,"abstract":"This study aims to assess the Cost Efficiency (CE) of the Greek cooperative banks over the period 2000–2005. We first use Data Envelopment Analysis (DEA) to estimate the technical, allocative and cost efficiency for each bank in sample. Then, we use a bootstrapping censored (Tobit) regression approach to determine whether and how internal and external factors influence banks' efficiency. The results of DEA indicate that Greek cooperative banks could improve their cost efficiency by 18.4% on average as well as that the dominant source of cost inefficiency is allocative rather than technical. The results of the second-stage regression indicate that bank total assets and the equity to assets ratio, as well as the GDP per capita and the unemployment rate in the region influence efficiency; however, their impact is not robust across different efficiency measures.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123598173","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 20
Equilibrium exchange rate and exchange control level: an empirical analysis using a time-series cointegration VAR model (the case of Tunisia) 均衡汇率与外汇管制水平:基于时间序列协整VAR模型的实证分析(以突尼斯为例)
International Journal of Financial Services Management Pub Date : 2011-01-31 DOI: 10.1504/IJFSM.2011.038326
Ben m'barek Hassene, B. Hager
{"title":"Equilibrium exchange rate and exchange control level: an empirical analysis using a time-series cointegration VAR model (the case of Tunisia)","authors":"Ben m'barek Hassene, B. Hager","doi":"10.1504/IJFSM.2011.038326","DOIUrl":"https://doi.org/10.1504/IJFSM.2011.038326","url":null,"abstract":"The aim of this paper is to determine an equilibrium level of real exchange rate in an emerging country like Tunisia. The use of cointegration tests has shown the existence of a long-run equilibrium relationship between real exchange rate and economic fundamentals. One of the instruments that allowed us to capture the instability of these coefficients is the SupF test. This test has pointed to the significant effects of the different exchange control levels on long-run equilibrium. To attest for exchange control effect on long-run equilibrium, and even short-run adjustment dynamics, we have estimated a time-series cointegration VAR model. We found out that the relationship between long-run equilibrium and adjustment dynamics is moderated by exchange control levels' effects practised by local authorities. Furthermore, we proceeded to an evaluation of exchange interventions performances through comparing a set of observations of the evolution of the real exchange rate of the Dinar vs. the Euro for the period 2002–2008, expressing an increase in predictions estimated through a simulation of exchange dynamics using the error correction model over the period 1979–2001.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130736553","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Challenges in maintaining the regulatory capital requirements 维持监管资本要求的挑战
International Journal of Financial Services Management Pub Date : 2010-10-04 DOI: 10.1504/IJFSM.2010.035679
Satish Sharma, John Lavery, K. Polyanskiy
{"title":"Challenges in maintaining the regulatory capital requirements","authors":"Satish Sharma, John Lavery, K. Polyanskiy","doi":"10.1504/IJFSM.2010.035679","DOIUrl":"https://doi.org/10.1504/IJFSM.2010.035679","url":null,"abstract":"Within the current theoretical literature it has been established that banks tend to maintain the regulatory capital requirements either by raising additional capital through equity issues or by selling/substituting risky assets. This paper bridges the gap for a comparative explanation in relation to Basel II system requirements by addressing three specific questions relating to capital adequacy, risk exposure and equity issues which have arisen as a result of two external factor changes: firstly, the adoption of the Basel II standards, and secondly, improvements to UK Financial Services Authority (FSA) regulations. Prior studies on UK banks have revealed that capital has been maintained by issuing equity rather than through the substitution of risky assets. In the light of the recent changes brought by the Basel II system of risk-based capital requirements, the approach adopted by UK banks might have changed. Thus, this paper presents an empirical research on how UK banks maintain the regulatory capital requirements when Basel II regulations are imposed. The findings suggest that there is no common mechanism adopted by UK banks for compliance with the regulatory standards.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132579907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Assessing the effects of the Asian financial crisis on banking performance in Southeast Asia 评估亚洲金融危机对东南亚银行业绩的影响
International Journal of Financial Services Management Pub Date : 2010-10-04 DOI: 10.1504/IJFSM.2010.035684
C. Figueira, P. Andrikopoulos, Hoi Yan Tsang
{"title":"Assessing the effects of the Asian financial crisis on banking performance in Southeast Asia","authors":"C. Figueira, P. Andrikopoulos, Hoi Yan Tsang","doi":"10.1504/IJFSM.2010.035684","DOIUrl":"https://doi.org/10.1504/IJFSM.2010.035684","url":null,"abstract":"This study examines whether domestic banks perform better than their foreign-owned counterparts, by examining the banking system across eight Southeast Asian countries for the period 1994–2005. According to our results, banks' performance worsened in the post-Asian crisis period. The higher non-performing loan to total assets ratio is a sign of higher risk and is negatively associated with bank profits. Our results also suggest that multinational banks, possessing global advantage, are more cost efficient than domestic banks in developed countries, while the reverse seems to occur in developing countries. This home-field advantage pattern appears to be stable over time, while that for global advantage has changed: no such advantage was reported after the recovery from the financial crisis. As a result, the significant improvement in efficiency of state-owned and domestic banks may be due to the implementation of bank restructuring programmes and governments' financial support, following the 1997 financial crisis.","PeriodicalId":174638,"journal":{"name":"International Journal of Financial Services Management","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-10-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131015610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：604180095
Book学术官方微信