24th Australasian Finance & Banking Conference 2011 (Archive)最新文献

The Role of Blockholders in the Corporate Debt Maturity Structure 大股东在公司债务期限结构中的作用

24th Australasian Finance & Banking Conference 2011 (Archive) Pub Date : 2019-08-07 DOI: 10.2139/ssrn.1912284

Zheyao Pan, Kelvin Jui Keng Tan

引用次数: 4

Asset Pricing Implications of Demographic Change 人口变化对资产定价的影响

24th Australasian Finance & Banking Conference 2011 (Archive) Pub Date : 2017-01-19 DOI: 10.2139/SSRN.1836483

T. Maurer

引用次数: 18

Do Return Prediction Models Add Economic Value? 收益预测模型能增加经济价值吗?

24th Australasian Finance & Banking Conference 2011 (Archive) Pub Date : 2012-06-06 DOI: 10.2139/ssrn.1913736

Tolga Cenesizoglu, A. Timmermann

引用次数: 0

Long-Term U.S. Infrastructure Returns and Portfolio Selection 美国基础设施的长期回报和投资组合选择

24th Australasian Finance & Banking Conference 2011 (Archive) Pub Date : 2011-10-25 DOI: 10.2139/ssrn.1914055

Michael Francis Howard, R. Bianchi, G. Bornholt, M. Drew

引用次数: 30

A Comparative Technical, Cost and Profit Efficiency Analysis of Australian, Canadian and UK Banks: Feasible Efficiency Improvements in the Context of Controllable and Uncontrollable Factors 澳大利亚、加拿大和英国银行技术效率、成本效率和利润效率的比较分析:可控和不可控因素背景下可行的效率提升

24th Australasian Finance & Banking Conference 2011 (Archive) Pub Date : 2011-08-21 DOI: 10.2139/ssrn.1914094

D. Xiang, Abul Shamsuddin, A. Worthington

{"title":"A Comparative Technical, Cost and Profit Efficiency Analysis of Australian, Canadian and UK Banks: Feasible Efficiency Improvements in the Context of Controllable and Uncontrollable Factors","authors":"D. Xiang, Abul Shamsuddin, A. Worthington","doi":"10.2139/ssrn.1914094","DOIUrl":"https://doi.org/10.2139/ssrn.1914094","url":null,"abstract":"This paper employs a mixed two-stage approach to estimate and explain differences in the cross-country efficiency of ten Australian, five UK and eight Canadian banks over the period 1988 to 2008 using stochastic distance, cost and profit frontiers. The variables specified in the stochastic frontiers used to estimate efficiency include the amount and prices of labour, physical capital and deposits, along with the level of non-interest income, profits and total costs. The country and firm-specific variables specified as explanatory factors include per capita national income, capital adequacy, deposit density, the industry concentration ratio, the level of intangible assets, and ratios of provisions for loan losses-to-total loans, loans-to-deposits, debt-to-equity, loans-to-total assets and long-term debt-to-total capital, among many others. In line with the experience of the banking sector during the recent global finance crisis, the evidence indicates that Australian banks exhibit superior efficiency compared with their Canadian and UK counterparts. Key factors found to affect efficiency positively include the level of intangible assets and the loans-to-deposits and loans-to-assets ratios. In contrast, key factors found to affect efficiency negatively include bank size and the ratios of loan loss provisions-to-total loans and the debt-to-equity ratio.","PeriodicalId":331246,"journal":{"name":"24th Australasian Finance & Banking Conference 2011 (Archive)","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2011-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116660381","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: 3

Natural Disasters - Blessings in Disguise? 自然灾害-伪装的祝福?

24th Australasian Finance & Banking Conference 2011 (Archive) Pub Date : 2011-08-21 DOI: 10.2139/ssrn.1913664

Hardjo Koerniadi, C. Krishnamurti, A. Tourani-Rad

引用次数: 0

Macro Drivers of Australian Housing Affordability, 1985–2010: An Autoregressive Distributed Lag Approach 澳大利亚住房负担能力的宏观驱动因素，1985-2010:自回归分布滞后方法

24th Australasian Finance & Banking Conference 2011 (Archive) Pub Date : 2011-08-21 DOI: 10.2139/ssrn.1913972

A. Worthington, H. Higgs

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引用次数: 0