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Abstract

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Advances in Management Accounting
Type: Book
ISBN: 978-1-84855-267-8

Book part
Publication date: 23 September 2014

Glenn Growe, Marinus DeBruine, John Y. Lee and José F. Tudón Maldonado

This paper examines the profitability and performance measurement of U.S. regional banks during the period 1994–2011, using the GMM estimator technique. Our study extends…

Abstract

Purpose

This paper examines the profitability and performance measurement of U.S. regional banks during the period 1994–2011, using the GMM estimator technique. Our study extends prior research by including several factors not previously considered using U.S. data.

Approach

We use bank-specific, industry-specific, and macroeconomic determinants of profitability contemporaneous with our performance indicators. We follow the accounting fundamental analysis path in explaining the bank performance.

Findings

Among the performance measures, the efficiency ratio and provisions for credit losses are negatively and equity scaled by assets is positively related to profitability. However, these relationships either reverse (efficiency ratio and provisions for credit losses) or become insignificant (equity scaled by assets) when the target becomes change in profitability. The level of nonperforming assets is negatively related to profitability across all measures of profitability used. Macroeconomic variables are largely unrelated to profitability during the year they are measured. However, they have a significant relationship with earnings change measures, suggesting they have a lagged effect on profitability. The slope of the yield curve is especially strong in this regard.

Originality

We use our determinants to model changes in bank profitability one year ahead, in addition to including several factors not previously considered, using the predictive focus of the fundamental analysis research.

Book part
Publication date: 3 May 2012

Abstract

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Advances in Management Accounting
Type: Book
ISBN: 978-1-78052-754-3

Book part
Publication date: 31 July 2012

Abstract

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Advances in Management Accounting
Type: Book
ISBN: 978-1-78190-105-2

Book part
Publication date: 31 July 2012

Abstract

Details

Advances in Management Accounting
Type: Book
ISBN: 978-1-78190-105-2

Abstract

Details

Advances in Management Accounting
Type: Book
ISBN: 978-1-78190-105-2

Abstract

Details

Advances in Management Accounting
Type: Book
ISBN: 978-1-78052-754-3

Abstract

Details

Advances in Management Accounting
Type: Book
ISBN: 978-1-84950-755-4

Book part
Publication date: 17 February 2011

Abstract

Details

Advances in Management Accounting
Type: Book
ISBN: 978-0-85724-817-6

Book part
Publication date: 14 July 2006

Robert Kee and Michele Matherly

For firms using target costing, separating decision management from decision control helps to minimize the agency costs incurred throughout a product's economic life…

Abstract

For firms using target costing, separating decision management from decision control helps to minimize the agency costs incurred throughout a product's economic life. Prior literature focuses on decision-management issues related to target costing, such as new product development (i.e., initiation) and production (i.e., implementation). In contrast, this article highlights the decision control aspects of target costing, which consist of ratifying product proposals and monitoring the product's implementation. While products initiated with target costing are chosen because they meet their allowable cost, product ratification requires assessing how well products contribute toward strategic goals, such as improving the firm's market value. To facilitate the ratification decision, this article develops an equation for determining a product's net present value (NPV) based on the same accounting data used during the initiation process. The article also describes monitoring a product's implementation through periodic comparisons to flexible budgets and a post-audit review at the end of the product's economic life.

Details

Advances in Management Accounting
Type: Book
ISBN: 978-1-84950-447-8

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