Index
ISBN: 978-1-83867-960-6, eISBN: 978-1-83867-959-0
ISSN: 0196-3821
Publication date: 10 November 2020
This content is currently only available as a PDF
Citation
(2020), "Index", Biswas, R. and Michaelides, M. (Ed.) Financial Issues in Emerging Economies: Special Issue Including Selected Papers from II International Conference on Economics and Finance, 2019, Bengaluru, India (Research in Finance, Vol. 36), Emerald Publishing Limited, Leeds, pp. XXX-XXX. https://doi.org/10.1108/S0196-382120200000036013
Publisher
:Emerald Publishing Limited
Copyright © 2021 Emerald Publishing Limited
INDEX
Note: Page numbers followed by “n” indicate notes.
Accounting
accounting based variables
, 111
accounting-based approach
, 104
accounting-based firm performance measures
, 196
mismanagement
, 222
ratios
, 106, 108–109, 112, 120
Advanced economies (AEs)
, 70, 74
Advanced techniques
, 206
“Afrocentric” strategy
, 4
Agency cost
, 222
Agency theory
, 192
Aggregate risk
, 177, 181
Altman’s Z score models
, 109–110
American depository receipts (ADRs)
, 147–148
change in prime interest rate
, 157
change in SDRs
, 157
contributors to ADR risks and returns
, 151–153
correlations
, 161
country segments
, 158–160
cross-sectional regression model
, 154–155
excess holding period returns
, 158
independent variables and expectations
, 155
issue date
, 155–156
issue level
, 156–157
literature review
, 148
market indexes
, 155
region of issue
, 156
regional samples and segments
, 160–161
regressions
, 161–166
return performance
, 149–151
sample and return computations
, 153–154
total sample and segments
, 158
type of issue
, 156
American Express (AMEX)
, 149
Analytic hierarchy process (AHP)
, 177
ANN model
, 108
ARCH/GARCH process
, 82–83
Asset purchase programs
, 75
Audit Committee (AC)
, 192, 222
Augmented Dickey–Fuller test (ADF test)
, 50, 81
Augmented external control variable AR(k)-GARCH (p, q) framework
, 72, 82
Autoregressive distributed lag model (ARDL model)
, 47, 50–51
“Availability payment model”
, 130, 137
Bag-of-words model
, 209
Balance sheet normalization (BSN)
, 71, 78, 84, 86–87
Bangalore International Airport (BIAL)
, 135–136
Bank Age (BA)
, 10
Bank assets
, 10
Bank internationalization
, 1 (see also Corporate governance; Public private partnerships (PPPs))
empirical model and sources of data
, 11
firm-level determinants of
, 9–11
literature review
, 8–9
MNBs emergence in India and Nigeria
, 2–8
policy implications and future research
, 14–15
results
, 11–13
robustness check
, 13–14
Bank of Japan (BoJ)
, 46
Bank regulation
, 9
Banking business, Tech-pro paradox in
, 23–25
Banking Regulations Act (1949)
, 20
Bankruptcy
, 102–103
Banks profitability
optimal model estimation across
, 31–35
short-run and long-run effects of
, 30
Behavioral finance
, 205, 207
Binary-choice decision-making process
, 11
Board characteristics
, 221
and firm value
, 224–225
impact on firm value
, 230–231
Board Independence (ID)
, 226, 236
Board size (BS)
, 226, 236
Board subcommittees
, 190
Bond market spillover
, 79
Build-operate-transfer toll (BOT toll)
, 130
Build-own-operate models (BOO models)
, 130
Build-own-operate-transfer (BOOT)
, 130
Capital adequacy ratio (CAR)
, 9–10
Cash flow
, 110
Central bank asset
, 72
Centre for Monitoring Indian Economy Prowess Database
, 193–194
Chief executive officer (CEO)
, 191, 224
duality
, 221, 236
China
CEO duality
, 230
corporate governance supervisory mechanism in
, 222–223
descriptive statistics and correlation matrix of
, 227
financial distress in
, 108–109
firm value and
, 230
global banks in
, 2
Codes of conduct
, 222
Collection risk
, 137
Companies Act (2013)
, 222
Competitors-driven losses
, 104
Comprehensive model
, 106, 109–112, 120–121
Compute cumulative sum test (CUSUM test)
, 53
Concave utility
, 170
Construction cost efficiency
, 127
Continuous income
, 170
Control techniques
, 131–133
Conventional model
, 171–172
Conventional thinking
, 132
Corporate Board Subcommittees
data and methodology
, 193–194
empirical results and analysis
, 194–198
literature review
, 191–193
objectives
, 193
SEBI
, 190
Corporate fraud
, 222
Corporate governance
, 190–191, 193–194, 220–221
board characteristics impact on firm value
, 230–231
data
, 225
descriptive statistics
, 226
failures
, 222
and firm value
, 223–225
good corporate practices
, 220–221
institutional background
, 221
methodology
, 225–226
ownership structure impact on firm value
, 226–230
robustness checking
, 231–233
supervisory mechanism in China
, 222–223
Cost
cost-benefit trade-off
, 20
efficiency
, 127
of capital
, 127
overruns
, 130–131, 136
Cross-sectional regression model
, 154–155
Crowd intelligence of Indian investor
, 216
Cumulative excess return process
, 153
Customer deposits (CD)
, 10
Customer-driven losses
, 104
Debit cards
, 22
Deep learning
, 206
Demand for insurance
, 176
Demand/revenue risk
, 130, 135, 136–137
Dependent variable-defining profitability, computation of
, 137
Deregulation of markets
, 222
Descriptive statistics
, 211, 212
Digitization
, 20
Discipline of capital market
, 222
Distressed stocks
, 109
Domestic asset price movement
, 79
Durbin Watson test
, 53, 142
DXY index
, 87n4
Earnings per share (EPS)
, 137–138
Earnings press releases (EPR)
, 206
Ecobank
, 4
Economic models
, 101–102
Economic value added (EVA)
, 137–138
Egyptian Stock Exchange
, 111
Emerging market economies (EMEs)
, 70–71, 74
Employee-driven losses
, 104
Engineering, procurement and construction contractor (EPC contractor)
, 132
“Engineering consultancy”
, 132
Environmental risk
, 176
Ernst & Young IPO readiness survey (EY IPO readiness survey)
, 205
Error correction mechanism (ECM)
, 53
of ARDL
, 51–52
Error correction term (ECT)
, 51
European Central Bank (ECB)
, 71
Exchange rate stability
, 48
Extensive technology-driven schemes
, 20
External measure-based control
, 132
F statistics
, 35
Factor analysis
, 112–115
Federal Reserve (Fed)
, 46
communications
, 78
taper tantrum
, 87n1
Financial distress
, 101–104
in British companies
, 109
contradiction between recent research papers regarding main drivers of
, 108–110
data
, 111
descriptive statistics and empirical results
, 115–117
in Egypt
, 105
factor analysis
, 112–115
formulate financial distress models
, 106–108
literature review
, 106–110
logistic regression model
, 106, 115
methodology
, 111
prediction models
, 104
research hypotheses
, 110–111
results of logistic analysis
, 117–121
Financial failure
, 102
Financial indicators
, 108
Financial openness
, 48
“Financial repression”
, 3
Financial services
, 2
Financial statements
, 104
Financial Times Stock Exchange index (FTSE index)
, 151
Financial variables
, 209
Firm age (FAGE)
, 194
Firm performance
, 191
Firm size
, 194, 226
Firm value
, 191
board characteristics and
, 224–225
board characteristics impact on
, 230–231
corporate governance and
, 223
firm-level determinants of bank internationalization
, 9–11
ownership structure
, 224
ownership structure impact on
, 226–230
Firms
, 9, 115
Fiscal policy
, 46
Fixed effect model (FE model)
, 27
“Follow-thy-customer” model
, 8
Foreign direct investment (FDI)
, 6
Foreign investment/foreign institutional investors (FIIs)
, 84
Foreign investors
, 220
Formal techniques
, 132
Formulate financial distress models
, 106–108
Formulated distress model
, 109
Forward guidance
, 70
Fuzzification of AHP method
, 177
Fuzzy analytic hierarchical process (FAHP)
, 177–180
“Galactic Network” concept
, 204
Global financial crisis (GFC)
, 46, 70, 223
Globalization
, 22
Good corporate governance
, 221
Goodness-of-fit evaluation
, 119
Great Depression (GD)
, 45
Gross domestic product (GDP)
, 48, 73, 110
Hausman test
, 27, 31, 225
Health insurance
, 176
H–L criterion
, 118–119, 121
ICICI Bank
, 22, 37
India
bank internationalization
, 2–14
corporate board subcommittees and firm performance
, 190–199
extensive technology-driven schemes
, 20
fifth-largest economy
, 20
MNBs emergence in
, 2–8
technology evolution and Indian Banks
, 22–23
Indian Companies Act (2013)
, 190, 192
Indian Stock exchanges
, 205
Informal techniques
, 132
Information and Communication Technologies (ICTs)
, 9
Infrastructure
, 128
Initial public offerings (IPOs)
, 148, 204–205
pricing
, 207
Innovative technologies
, 20
Insolvency
, 102–103
Institutional investor (INSTI)
, 221, 226, 236
Insurance models
, 171
alternative
, 172
analysis
, 180–183
conventional model
, 171–172
fuzzy analytic hierarchical process
, 179–180
insurance companies
, 170–171
methodology
, 179
mutual insurance
, 172–174
selection criteria of
, 174–179
social insurance
, 174
Internal corporate governance mechanisms
, 192
Internal rate of return (IRR)
, 137
Internal value-based control
, 132
Internet
, 204
Interstate 595 Express Corridor Improvements project
, 130
Investment in technology
, 20
data analysis
, 27
descriptive statistics for all selected banks
, 29
empirical analysis
, 27
innovative technologies
, 20–21
optimal model estimation
, 31–35
policy suggestions to boost technology spend
, 37–40
rationale for indicators selection
, 25–27
research methodology
, 25
results
, 35–37
selected banks for study
, 28
short-run and long-run effects of technology spends and banks profitability
, 30
Tech-pro paradox in banking business
, 23–25
technological advancements in Indian banking sector
, 21–22
technology evolution and Indian Banks
, 22–23
Jarque–Berra normality test
, 53
Keynesian model
, 45–46
Kurtosis coefficients
, 80
Lag length criteria
, 65–66
Lagrange multiplier test
, 53
Large Engineering Projects (LEPs)
, 128
Large-scale asset purchase (LSAP)
, 47–48
Latent Dirichlet Allocation (LDA)
, 209
Latent space modeling
, 206
Leverage (LEVE)
, 194, 236
Liabilities
, 110
Liberalization of markets
, 222
Life insurance Corporation of India
, 179
Lifespan uncertainty
, 175
Linear probability model (LPM)
, 18
Liquidity channel
, 72
Ljung–Box Q-statistic test (LB Q-statistic test)
, 81, 87n5
Logistic regression model
, 106, 115
Logit regression models
, 106, 108–109, 209
results
, 211–214
Machine learning-based approach
, 206, 209
data and methodology
, 208–211
descriptive statistics
, 211, 212
IPO
, 204–205
literature review
, 206–208
logit regression results
, 211–214
topic modeling results
, 214
Macro-economic policies
, 130
Macroeconomic variables
, 104–106, 108–112, 119
Management control systems (MCS)
, 131–133
for profitability
, 138
Market
capitalization
, 116
information
, 105
market-based approach
, 104–105
market-based variables
, 109, 111–112, 119
variables
, 106
“Medicare”
, 170
Message boards
, 204–205
Midlife capital expenditure
, 131
Ministry of Corporate Affairs
, 222
Modern banking system
, 22
Monetary autonomy
, 48
Monetary policy events
, 71
Morgan Stanley Capital International Index for Europe (MSCI Europe Index)
, 153
Multi-attribute value theory
, 177
Multi-criteria decision-making methods (MCDM)
, 177
Multi-level multi-tiered process
, 220
Multinational banks (MNBs)
, 2
emergence in India and Nigeria
, 2–8
Multiple control
, 132
Multiple discriminant analysis (MDA)
, 106
Mutual insurance
, 172–174
National Association of Securities Dealers Automated Quotations (NASDAQ)
, 149
National Stock Exchange (NSE)
, 225
Natural language processing
, 206
Negative interest rates
, 70–71
Net banking
, 22
Net present value (NPV)
, 128
Net profit margin (NPM)
, 194
New India Assurance Limited
, 179
New York Stock Exchange (NYSE)
, 149
Nigeria, MNBs emergence in
, 2–8
Nomination committee
, 192
Non-normality property
, 80
Null hypothesis
, 133, 142
Number of domestic branches (NDB)
, 11
Ohlson’s model
, 109
“Operating and maintenance risk”
, 130
Operating cost efficiency
, 127
Operating expenses (OPEX)
, 130
Operations and maintenance risk (O&M risk)
, 137
Optimization failure of market
, 176
Ordinary least square estimate (OLSE)
, 142
Ordinary least square regression (OLS regression)
, 13, 49
Organization for Economic Co-operation and Development (OECD)
, 223
Ownership structure
, 221
and firm value
, 224
impact on firm value
, 226–230
Panel data models
, 27, 194, 225
Panel data regression analysis
, 30
“Pareto optimality”
, 128
Performance measures
, 196
Phillips–Perron test (PP test)
, 50
“Policy normalization shock”
, 73
Pre-GFC policy actions
, 72
Private financing institutions (PFI)
, 126
Private insurance market
, 170–171, 177
Private market of insurance
, 175
Probabilistic approach
, 215
Profit after Tax (PAT)
, 10
Profitability
analysis results
, 138
ratios
, 110
related controls
, 138
Promoter ownership (PROMO)
, 236
Public private partnerships (PPPs)
, 126
management control systems
, 131–133
methodology
, 133–138
model interpretation and insights
, 142–143
PPP-wise details of samples
, 139–140
results
, 138
risk factors and risk allocation
, 129–131
subsector-wise profitability related controls
, 141
validation of regression output
, 142
Qualitative information
, 206
Quantitative easing (QE)
, 46, 70–71, 77
Ramsay RESET specification test
, 53
Random effect model (RE model)
, 27
Random sampling
, 133
Redistribution
, 171, 175
Regression model
, 133, 138, 148, 154–155, 161–166
Remuneration committee
, 192
Reserve Bank of India (RBI)
, 8, 20, 47
Resource dependence theory
, 225
Resource-based view (RBV)
, 2, 9, 15n3
Return on assets (ROA)
, 27, 35, 137–138, 194
Return on equity (ROE)
, 27, 35, 137–138, 194
Return on investment (ROI)
, 137
Risk
allocation
, 129–131
aversion
, 176, 180
categorization
, 129
premia
, 79
risk-neutral component
, 47
Sales indicators
, 27
Seasoned equity offerings (SEOs)
, 148
Securities and Exchange Board of India (SEBI)
, 190, 192–193, 222
Shanghai Stock Exchange (SSE)
, 225
Shareholders
, 191, 220–224
Shareholders-owned private insurance
, 171–172
SIZE variable
, 236
Smartphones
, 22
Social insurance
, 174, 180–181
Special drawing rights (SDRs)
, 152
Spillovers of monetary policy
, 77
Sponsor (SP)
, 128
in PPP
, 133
risk factors impacting profitability of
, 130
Stakeholders
, 220
State Bank of India
, 22
Statutory audits
, 222
Stock manipulation
, 206
Stock market
, 102
Stock message boards
, 204
Taper tantrum
, 73, 87n1
TARCH models
, 83–84
TCP/IP protocols
, 204
Technique for order of preference by similarity to ideal solution (TOPSIS)
, 177, 183
Technology
, 37
domain effects through
, 25
impact’s duration on banking business
, 30
investment25
optimal model estimation across technology spends
, 31–35
short-run and long-run effects of technology spends
, 30
trends in Indian banks
, 21, 35
Technology evolution and Indian Banks
, 22–23
Technology-productivity paradox (Tech-pro paradox)
, 21, 35
in banking business
, 23–25
Term premia
, 79
Text-based data analysis
, 206
Textual analysis
, 206
Time efficiency
, 126–127
Tobin’s Q model (TQ model)
, 193, 226, 236
Toll collection systems
, 130
Total assets (TA)
, 10
Total liabilities (TL)
, 10
Transfer learning
, 206
Treasury Bill (T Bill)
, 47, 50
Unbalanced panel data
, 194
Unconventional monetary policy (UMP)
, 70–71
autocorrelation and LB Q-statistic
, 90–97
data
, 79
empirical findings
, 83–86
kernel density
, 98
methodology
, 82–83
news impact and volatility persistence
, 99
related literature
, 72–78
stylized facts of return
, 79–82
Unit root test
, 67
United Bank for Africa (UBA)
, 4
US QE impact on Indian money market
, 47
CUSUM Test of T Bil
, 60–61
data source
, 49
diagnostic test results of T Bill Model
, 59
estimation methodology
, 50–51
Keynesian model
, 45–46
lag length criteria
, 65–66
literature review
, 47–49
model for three-month T Bill
, 56–59
model for WACR
, 53–56
model specification
, 52–53
transmission of QE
, 46–47
unit root test
, 67
User-generated content
, 206
Value for Money (VfM)
, 127, 130
Values
, 132
Variance inflation factor analysis (VIF analysis)
, 195
Variance inflation factors (VIFs)
, 162
Vector auto regression model (VAR model)
, 27, 30, 41n7
Vector error correction model (VECM model)
, 27, 30, 41n7
Viability risk
, 137
Virtual communities
, 206
VIX
, 79, 87, 87n3
Volatility
, 105
Wald test
, 27, 31, 41n11
Weighted average call rate (WACR)
, 47, 49–50
model for
, 53–56
X-inefficiency theory
, 126
“Yield curve control approach”
, 75
Z score model
, 105, 107, 109–110
Zenith Bank
, 4
Zero-interest rate policy (ZIRP)
, 46
- Prelims
- Chapter 1: An Empirical Analysis of The Determinants of Bank Internationalization: The Case of India and Nigeria
- Chapter 2: Investment in Technology: Does It Proliferate the Profitability and Performance of the Indian Banks?
- Chapter 3: The Impact of US Quantitative Easing on India’s Money Market
- Chapter 4: US Monetary Policy and Spillovers to Select EMEs: An Episodic Analysis
- Chapter 5: Suggested Model for Explaining Financial Distress in Egypt: Toward a Comprehensive Model
- Chapter 6: Impact of Management Control Systems on Sponsors’ Profitability in Ppp Infrastructure Ventures
- Chapter 7: Contributing Factors of Long-Term ADR Holding Period Returns: an Up-To-Date Analysis
- Chapter 8: Identification of Alternative Insurance Model using Fuzzy AHP
- Chapter 9: Corporate Board Subcommittees and Firm Performance: Evidence from India
- Chapter 10: Do Indian Stock Market Message Board Discussions Really Matter? A Machine Learning-based Approach
- Chapter 11: Impact of Ownership Structure and Board Characteristics on Firm Value: Evidence From China and India
- Index