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Performance and Assets and Liabilities Management in the U.S. Credit Union 美国信用社的绩效与资产负债管理
Journal of Applied Finance & Banking Pub Date : 2024-01-22 DOI: 10.47260/jafb/1416
Jalal El Fadil, Hélyoth T. S. Hessou
{"title":"Performance and Assets and Liabilities Management in the U.S. Credit Union","authors":"Jalal El Fadil, Hélyoth T. S. Hessou","doi":"10.47260/jafb/1416","DOIUrl":"https://doi.org/10.47260/jafb/1416","url":null,"abstract":"Abstract\u0000\u0000Our main research objective is to study the influence of different decisions inherent to allocating assets, and to the weights given to some types of loans on the profitability of credit unions. Only few studies having been carried out on these financial institutions and on their asset portfolio structural change. Another objective is to analyse the influence of increasing deposits, as part of liabilities, on their financial performance. In order to reach our research objectives, we carried out statistical analyses and panel regressions by using biannual data from a large sample of credit unions in the United States. In fact, we analyzed the influence of the choices of allocating some assets and liabilities, represented by ratios, on the profit of credit unions in the United States for 20 years, represented by the return on assets. The results of our analysis enable us to conclude that attracting more deposits would ensure better profitability for these credit unions. As regards to loan types, the increase of the first mortgage loans weight is a profitable strategy. Our research add value to the field of financial institutions management, since most studies concern banks profitability and cannot be generalized to credit unions.\u0000\u0000Keywords: Credit unions, Credit unions performance, Credit unions asset portfolio structure, Credit union deposits, Assets and liabilities management in banking industry, First mortgage loan.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139609571","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: 0
Exploring Parents' Needs for Campus Architectural Planning from the Kano Two Dimensional Quality Model - Taking Metropolitan Elementary Schools as an Example 从卡诺二维质量模型探究家长对校园建筑规划的需求--以都会小学为例
Journal of Applied Finance & Banking Pub Date : 2024-01-07 DOI: 10.47260/jafb/1415
Ho-Mei Yao, Yi-Long Hsiao
{"title":"Exploring Parents' Needs for Campus Architectural Planning from the Kano Two Dimensional Quality Model - Taking Metropolitan Elementary Schools as an Example","authors":"Ho-Mei Yao, Yi-Long Hsiao","doi":"10.47260/jafb/1415","DOIUrl":"https://doi.org/10.47260/jafb/1415","url":null,"abstract":"Abstract\u0000\u0000The current design of campus buildings often originates from subjective considerations of architects, lacking in-depth exploration of user needs. This study utilizes the Kano two-dimensional quality model (Kano Model) to identify the quality attributes of school building from the perspective of users. These findings can serve as crucial references for future school construction designs.\u0000The sample for this study is taken from a metropolitan Type A school in the northern region, with parent feedback obtained through a questionnaire survey. It is recommended for future research to expand the sample size by including groups from different regions to obtain a more comprehensive understanding for the planning and design of campus buildings.\u0000\u0000JEL classification numbers: I28.\u0000Keywords: Kano two-dimensional quality model, campus architecture, metropolitan school.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"65 13","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139449137","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: 0
Digital Technology for Supply Chain Management- marketing Integration 数字技术促进供应链管理--营销整合
Journal of Applied Finance & Banking Pub Date : 2023-12-11 DOI: 10.47260/jafb/1414
Cheng-Wen Lee, Budi Hasyim, Jan-Yan Lin
{"title":"Digital Technology for Supply Chain Management- marketing Integration","authors":"Cheng-Wen Lee, Budi Hasyim, Jan-Yan Lin","doi":"10.47260/jafb/1414","DOIUrl":"https://doi.org/10.47260/jafb/1414","url":null,"abstract":"Abstract\u0000\u0000The aim of this document is to present a full description of the innovative efforts that have been made over time to develop digital technologies to manage the interfaces between supply chain management and marketing processes, and beyond that the role they play in maintaining supply chain management and marketing (SCM-M). The methodology used is patent analysis, which collects data from six different offices (USA, China, Taiwan, Japan, South Korea and Germany) and uses real samples to perform this analysis. The research also learned of a number of key security technologies related to the Fourth Industrial Revolution (Industry 4.0) that are considered more relevant for the effective integration of SCM-M (i.e.me. Industrial Internet of Things and Cloud Computing). The results of this study provide detailed information on the digital technologies that support SCM-M integration. Concretely, the authors compose the role dispute related to information, storage and elaboration for the integration of SCM-M by wishing on illustrative realities. In addition, the authors present the organizations most involved in the development of digital technologies for SCM-M integration over time and provide evidence of the impact of these technologies in terms of their impact on resulting technology developments.\u0000\u0000JEL classification numbers: J43.\u0000Keywords: Innovation, Marketing, Supply Chain Management, Internet of Things, Cloud Computing, Patent Analystics, Industry 4.0, Integration marketing-supply chain management.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"72 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138981682","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: 0
Does Using the Extended Audit Report Decrease Information Asymmetry in Family Firms? 使用扩展审计报告是否会减少家族企业的信息不对称？
Journal of Applied Finance & Banking Pub Date : 2023-11-26 DOI: 10.47260/jafb/1413
Nien-Su Shih
{"title":"Does Using the Extended Audit Report Decrease Information Asymmetry in Family Firms?","authors":"Nien-Su Shih","doi":"10.47260/jafb/1413","DOIUrl":"https://doi.org/10.47260/jafb/1413","url":null,"abstract":"Abstract The purpose of this study is to examine impact of using the extended audit report (EAR) on the information asymmetry that exists among the shareholders of family firms as compared to non-family firms during the period surrounding the announcement of an audit report. The results show that the adoption of the EAR alleviates the problem of information asymmetry related to family firms. Furthermore, the results show that the inclusion of key audit matters in audit reports also decreases the information asymmetry related to family firms. JEL classification numbers: G32, M42. Keywords: Extended Audit Report, Information Asymmetry, Family Firm.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"82 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139236362","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: 0
Reinsurance and Sustainability: Evidence from International Insurers 再保险与可持续性:来自国际保险公司的证据
Journal of Applied Finance & Banking Pub Date : 2023-08-28 DOI: 10.47260/jafb/1368
S. Bressan
{"title":"Reinsurance and Sustainability: Evidence from International Insurers","authors":"S. Bressan","doi":"10.47260/jafb/1368","DOIUrl":"https://doi.org/10.47260/jafb/1368","url":null,"abstract":"Abstract\u0000\u0000Reinsurance is an integral transaction to the insurance business and carries real economic consequences. While the previous literature on risk management has examined the effects from reinsurance, in more recent years there is a growing interest on the topic of sustainability and its consequences on corporate risk taking. In this article we analyze a sample of international insurers between 2013 and 2022. We show that the purchase of reinsurance is negatively related to their sustainability, as measured by environmental, social, and governance (ESG) scores. Furthermore, we illustrate that insurers’ losses decrease in higher levels of reinsurance and sustainability. However, while reinsurance brings down insurers’ profitability, sound ESG scores are related to lower expenses and increasing profitability. Our interpretation is that strong ESG profiles may serve as a cheaper alternative to reinsurance in order to mitigate claim risk. These findings support the previous views that sustainability has a positive impact on financing costs and valuation.\u0000\u0000JEL classification numbers: G22.\u0000Keywords: ESG, Reinsurance, Sustainability.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127692665","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
Panel-Data Analysis of Capital Account Liberalization and Tax Revenue 资本项目自由化与税收的面板数据分析
Journal of Applied Finance & Banking Pub Date : 2023-08-22 DOI: 10.47260/jafb/1367
Bojan Ilievski
{"title":"Panel-Data Analysis of Capital Account Liberalization and Tax Revenue","authors":"Bojan Ilievski","doi":"10.47260/jafb/1367","DOIUrl":"https://doi.org/10.47260/jafb/1367","url":null,"abstract":"Abstract\u0000\u0000The main motive behind financial repression is fiscal. The government wishes to promote development but lacks the resources to do so. In fact, financial repression is an instrument of government revenue management. This paper examines the impact of capital account liberalization on government's tax revenue. I test the hypothesis empirically, using panel data on 149 countries over the period 1970-2017. Historically, I find that the positive impact of capital account liberalization on tax revenue is predominant in countries where the depth of the banking sector is greater.\u0000\u0000JEL classification numbers: O11, H2, G2.\u0000Keywords: Tax, Capital account Liberalization, Bank credit, Panel data.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"368 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115893707","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: 0
An Empirical Study of the Key Profitability Factors of Interest-free Banking vs. Conventional Banking in the MENA Region Following the 2008 Financial Crisis 2008年金融危机后中东和北非地区无息银行与传统银行关键盈利能力因素的实证研究
Journal of Applied Finance & Banking Pub Date : 2023-08-14 DOI: 10.47260/jafb/1366
Mariam Bouarich
{"title":"An Empirical Study of the Key Profitability Factors of Interest-free Banking vs. Conventional Banking in the MENA Region Following the 2008 Financial Crisis","authors":"Mariam Bouarich","doi":"10.47260/jafb/1366","DOIUrl":"https://doi.org/10.47260/jafb/1366","url":null,"abstract":"Abstract\u0000\u0000The stability of any economy is closely tied to the stability of its banking sector, necessitating continuous evaluation and efficiency enhancement. The recent emergence of Interest-free banking in the MENA region and globally has seen rapid growth, attracting global interest. However, limited research has compared the financial performance of this new type of banking with conventional banks, particularly in the MENA region. To address this gap, this study aims to measure and compare the financial performance of 55 conventional banks and 26 interest-free banks across the MENA region from 2008 to 2014, using the CAMELS rating system. Descriptive statistics will be employed to analyze time series data, followed by the One-Way ANOVA analysis to identify significant differences between the two banking systems. Pearson’s correlation coefficient will be used to assess correlations among independent variables and test for multi-collinearity problems. Ultimately, the fixed-effects model will determine how internal factors like capital adequacy, asset quality, management quality, earnings quality, and liquidity impact the financial performance of both banking system types in the MENA region. The study's findings reveal that asset quality, earnings quality, and liquidity are the key drivers of profitability for both interest-free and conventional banks in the MENA region.\u0000\u0000Keywords: Interest-free banking, Conventional banking, CAMELS rating system, MENA Region, Financial institutions, Financial intermediaries, Financial crisis.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"3 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127438521","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: 0
Research on Small-Cap Value Rotation Investment Strategy Based on "Size Effect" - Evidence from the Chinese Stock Market 基于“规模效应”的小盘股价值轮换投资策略研究——来自中国股市的证据
Journal of Applied Finance & Banking Pub Date : 2023-08-09 DOI: 10.47260/jafb/1365
Ziang Zhou
{"title":"Research on Small-Cap Value Rotation Investment Strategy Based on \"Size Effect\" - Evidence from the Chinese Stock Market","authors":"Ziang Zhou","doi":"10.47260/jafb/1365","DOIUrl":"https://doi.org/10.47260/jafb/1365","url":null,"abstract":"Abstract\u0000\u0000This paper investigates the small-cap value rotation investment strategy. This paper analyzes the rationality and applicability of small-market rotation strategy from two aspects: theoretical analysis and practical test. This paper first sorts out and expounds the theoretical basis of small-cap rotation investment strategy. Subsequently, the details of the strategy are introduced in additional with some notice that the investor should pay attention to. Besides, its returns and applicability are examined, which is based on the real data from Chinese stock market. The results indicate that the small-cap value rotation investment strategy remains viable in today's Chinese stock market, but its applicability exhibits certain cyclical variations. Therefore, when adopting such an investment strategy, careful consideration of its specific applicability is necessary.\u0000\u0000JEL classification numbers: G11, G14, G24.\u0000Keywords: Size Effect, Small-Cap, Investment Strategy.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"107 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132604743","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: 0
Announcement Effect Study of Issuing Tier 2 Capital Bonds on the Stock Price of China Construction Bank 中国建设银行发行二级资本债券对股价的公告效应研究
Journal of Applied Finance & Banking Pub Date : 2023-08-07 DOI: 10.47260/jafb/1364
Jiaxin Song
{"title":"Announcement Effect Study of Issuing Tier 2 Capital Bonds on the Stock Price of China Construction Bank","authors":"Jiaxin Song","doi":"10.47260/jafb/1364","DOIUrl":"https://doi.org/10.47260/jafb/1364","url":null,"abstract":"Abstract\u0000\u0000This article uses event study methodology to empirically analyze the announcement effect of China Construction Bank's issuance of Tier 2 capital bonds. The results show that firstly, the announcement of the issuance of Tier 2 capital bonds has a positive impact on the stock price of China Construction Bank, with a positive abnormal return during the event study window. Secondly, the abnormal return is significantly higher from the 6th day to the 14th day after the announcement, indicating that the positive announcement effect occurs approximately one week after the announcement and lasts for one week. Based on these findings, policy recommendations are proposed: Firstly, China Construction Bank should choose an appropriate opportunity to issue Tier 2 capital bonds to achieve the goal of reducing capital costs and increasing the bank's market value. Secondly, regulatory authorities should strengthen supervision to prevent insider trading and enhance financial market reform. Thirdly, short-term investors can choose to buy after the announcement of the issuance of Tier 2 capital bonds by China Construction Bank and sell around 14 days after the announcement to obtain abnormal returns.\u0000\u0000Keywords: Tier 2 capital bonds, Announcement effects, China Construction Bank.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128825773","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: 0
Do the Choices of Family Business CEOs Affect Investment Decisions? 家族企业ceo的选择会影响投资决策吗?
Journal of Applied Finance & Banking Pub Date : 2023-08-03 DOI: 10.47260/jafb/1363
C. Peng, Huei-Ru Tsai, Kuo-Chih Cheng, Tsung-Fu Chuang
{"title":"Do the Choices of Family Business CEOs Affect Investment Decisions?","authors":"C. Peng, Huei-Ru Tsai, Kuo-Chih Cheng, Tsung-Fu Chuang","doi":"10.47260/jafb/1363","DOIUrl":"https://doi.org/10.47260/jafb/1363","url":null,"abstract":"Abstract\u0000\u0000Family firms are a common organizational form in emerging economies. Almost 80% of firms are controlled by families and 40% of them are controlled by founder CEOs in Taiwan. Thus, family founders play an important role in complex financial decisions. In addition, the average age of family CEOs is around 60 years old, so now is a big time for the succeeding generation to make the right decisions leading to a successful family business. However, prior studies have contradictory conclusions about the relationship between family firms and investment policies. The sample is based on data from Taiwan family firms for whom the data was manually collected on annul reporting over a period of 2009-2015. Unlike the expectation of the entrenchment effect, we find that both family founder and family descendant CEOs have a propensity to undertake efficient investment decisions, which supports the socioemotional wealth perspective.\u0000\u0000JEL classification numbers: G11, D61, J12.\u0000Keywords: Investment efficiency, Over-investment, Family Founder, Family Descendants.","PeriodicalId":330012,"journal":{"name":"Journal of Applied Finance & Banking","volume":"20 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126020547","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: 0
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