Business and Economic Horizons最新文献

Influence of regulatory capital requirements on the self-financing capacity of a banking company 监管资本要求对银行公司自我融资能力的影响

Business and Economic Horizons Pub Date : 2019-02-17 DOI: 10.15208/BEH.2019.5

Ivica Klinac, A. Pesa, Berislav Bolfek

{"title":"Influence of regulatory capital requirements on the self-financing capacity of a banking company","authors":"Ivica Klinac, A. Pesa, Berislav Bolfek","doi":"10.15208/BEH.2019.5","DOIUrl":"https://doi.org/10.15208/BEH.2019.5","url":null,"abstract":"This paper explores activities of the banking companies in the new regulatory environment of the European banking system. For this purpose, the dynamic panel data models are estimated by utilizing the system GMM estimator. The research sample consists of 35 publicly listed groups of banks operating in the period from 2000 to 2016, selected by size of assets. The chosen banking companies are unquestionably market makers on the bank-centric economy of the EU. Hence, the research is in line with other current empirical works regarding the post-Basel III Standard adjustment of the banking industry as a whole. The model results show that the required increase in capital position affects the lack of bank credit activity towards the non-financial sector. The banks can maintain the higher regulatory capital ratio and self-finance the required growth by increasing the volume of share capital. Asymmetric information about the bank's net worth discourage public investors to get into the shareholders position, which results in further bank lending constraints and reduced profitability. Potential growth of the revenue from non-credit risk operations cannot compensate for the negative pressure on the real value of the banking firm. From the policy-making perspective, the paper concludes that the resolution of structural problems of non-performing credit assets under new regulatory conditions should contribute to restoring the confidence of the investment public towards the self-financing capacity of the banking industry as well as bring the banking system back to the traditional client-oriented business model.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45618255","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

The new Keynesian trade-off between output and inflation: Time series based evidence from Russia 产出与通胀之间的新凯恩斯权衡:来自俄罗斯的基于时间序列的证据

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.15208/BEH.2019.8

Chin-Hong Puah, Chong-Yang Sim, Mui-Yin Chin, M. Arip

引用次数: 2

Cluster analysis of development of alternative finance models depending on the regional affiliation of countries 国家区域隶属关系对替代性金融模式发展的聚类分析

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.22004/ag.econ.287251

P. Rubanov, Tetiana Vaylieva, S. Lyeonov, S. Pokhylko

{"title":"Cluster analysis of development of alternative finance models depending on the regional affiliation of countries","authors":"P. Rubanov, Tetiana Vaylieva, S. Lyeonov, S. Pokhylko","doi":"10.22004/ag.econ.287251","DOIUrl":"https://doi.org/10.22004/ag.econ.287251","url":null,"abstract":"The article examines the hypothesis about the existence of regional peculiarities in the development of alternative financing models (such as p2p consumer lending, p2p business lending, p2p real estate lending, balance sheet business lending, balance sheet consumer lending, equity-based crowdfunding, reward-based crowdfunding, real estate crowdfunding, profit sharing crowdfunding, donation-based crowdfunding, invoice trading, debt-based securities). According to an alternative hypothesis, due to the high integration of international financial markets, there are no regional peculiarities of the development of alternative financing models. The cluster analysis tools allow verifying these hypotheses. The cluster analysis methods used, such as tree clustering, k-means clustering, and two-way joining, demonstrate the lack of links between the country's regional affiliation and the degree of development of certain types of alternative financing in it. The key factors affecting the formation of clusters are volumes of peer-to-peer consumer lending and business lending, as well as the volume of invoice trading. According to the results of the research, the authors conclude that it is necessary to find other factors, apart from the regional features, which influence the ratio in the development of certain types of alternative financing in different countries.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68535752","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

The determinants of foreign direct investment in ASEAN: New evidence from financial integration factor 东盟外商直接投资的决定因素:来自金融一体化因素的新证据

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.15208/BEH.2019.18

Ho Thanh Tri, V. T. Nga, V.H.T. Duong

引用次数: 5

Efficiency analysis by combination of frontier methods: Evidence from unreplicated linear functional relationship model 结合前沿方法的效率分析:来自不可复制线性函数关系模型的证据

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.22004/ag.econ.287252

O. Sharif, Zobaer Hasam, Chang Yun Fah, Mahboobeh Zangeneh Sirdari

引用次数: 1

Impacts of migration on poverty reduction in Vietnam: A household level study 移民对越南减贫的影响:一个家庭层面的研究

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.22004/AG.ECON.301147

Q. Le, Thi Thu Hien Nguyen

引用次数: 2

The impact of corporate ownership structure on corporate risk disclosure: Evidence from the Kingdom of Saudi Arabia 公司股权结构对公司风险披露的影响:来自沙特阿拉伯王国的证据

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.22004/AG.ECON.301151

O. Habtoor, Waddah Kamal Hassan, Khaled Salmen Aljaaidi

{"title":"The impact of corporate ownership structure on corporate risk disclosure: Evidence from the Kingdom of Saudi Arabia","authors":"O. Habtoor, Waddah Kamal Hassan, Khaled Salmen Aljaaidi","doi":"10.22004/AG.ECON.301151","DOIUrl":"https://doi.org/10.22004/AG.ECON.301151","url":null,"abstract":"Understanding the role of corporate ownership structure on corporate disclosure allows an assessment of its current effectiveness and opportunities for potential improvements. Prior research on the determinants of corporate risk disclosure (CRD) has basically focused on firm-specific characteristics and corporate governance characteristics and has largely ignored the potential role of ownership structure on CRD. To the best of the authors’ knowledge, there is no study has yet extensively investigated the effect of ownership structure on the level of CRD in Saudi Arabia. This study examines the influence of different types of ownership on CRD in a developing country with high ownership concentration and unique institutional setting, namely the Kingdom of Saudi Arabia. The study uses panel data analysis of the annual reports of Saudi listed companies over a period of four years. The findings show a strong impact of ownership structure on CRD. However, the extent and direction of this influence depend on the type of ownership. Companies with higher royal ownership and government ownership disclose more risk-related information. By contrast, companies with higher family ownership and institutional ownership tend to disclose less risk-related information. However, executive directors’ ownership and non-executive directors’ ownership have no impact on CRD. The results suggest that not all controlling families have the same characteristics and motivations towards CRD practice. Overall, the results confirm the essential role of ownership structure to influence the agency conflicts through increase (decrease) CRD. The results of this study support the use of different theories to better explain the phenomenon of CRD. The study has important implications for policymakers, regulatory authorities, and practitioners in Saudi Arabia and developing countries to improve CRD practices and optimize ownership structure.","PeriodicalId":43750,"journal":{"name":"Business and Economic Horizons","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"68537666","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: 7

Cointegration and causality between the GCC stock indices and gold indices 海合会股票指数与黄金指数的协整及因果关系

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.22004/AG.ECON.287249

S. A. Kharusi, Eşref Savaş Başci

引用次数: 6

Effects of green marketing strategy on firm financial performance. The moderating role of government policy 绿色营销策略对企业财务绩效的影响。政府政策的调节作用

Business and Economic Horizons Pub Date : 2019-01-01 DOI: 10.22004/AG.ECON.301150

B. Eneizan, Ali Matar, Abdelghafour Al-Zawahreh, Abdelbaset M. Alkhawaldeh, Odai Eneizan

引用次数: 9

Regional disparities in the spillover effect 地区差异的溢出效应

Business and Economic Horizons Pub Date : 2018-10-30 DOI: 10.15208/BEH.2018.67

Sylvie Kotíková

引用次数: 0