Books and journals Case studies Expert Briefings Open Access
Advanced search

Search results

1 – 10 of over 97000
To view the access options for this content please click here
Book part
Publication date: 15 August 2007

The Long-Term Risk Effects of the Gramm-Leach-Bliley Act (GLBA) on the Financial Services Industry

Vijay Gondhalekar, C.R. Narayanaswamy and Sridhar Sundaram

We examine whether systematic risk of the financial services industry (banks, finance, insurance, and real-estate sectors) declined after the passage of GLBA. This study…

HTML
PDF (129 KB)

Abstract

We examine whether systematic risk of the financial services industry (banks, finance, insurance, and real-estate sectors) declined after the passage of GLBA. This study differs from prior work in that we examine changes over a long period of time (5 years before and 5 years after the Act) and we use the Carhart (1997) four-factor model for assessing changes in risks. The study finds that banks, insurance, finance, and real-estate segments load on the market, size, and value factors before as well as after GLBA (the real-estate segment loads on the value factor only after GLBA). Except for finance companies, betas decline significantly for all the other segments after the GLBA. In the case of banks even their loadings on the size and value factors decline after the GLBA, while in the case of finance and real-estate companies the loadings on the momentum factor exhibits reduction in risk after the Act. Overall, the GLBA had a risk reducing impact on the financial services industry.

Details

Issues in Corporate Governance and Finance
Type: Book
DOI: https://doi.org/10.1016/S1569-3732(07)12014-4
ISBN: 978-1-84950-461-4

To view the access options for this content please click here
Book part
Publication date: 16 February 2006

A Comparative Study of Banks’ balance sheets in the European Union and European Transition Countries, 1995–2003

Ilko Naaborg and Bert Scholtens

The banking sector in the new European Union Member States (NMS)1 has changed dramatically since the transition from centrally planned to market-based economies.2 In 1993…

HTML
PDF (241 KB)

Abstract

The banking sector in the new European Union Member States (NMS)1 has changed dramatically since the transition from centrally planned to market-based economies.2 In 1993, the ratio of average banking assets to gross domestic product (GDP) was 53 per cent, and this had increased to 72 per cent by 2000. However the banking sector in NMS is, however, still relatively small compared to the former European Union 15 (EU-15), for which the same ratio was 140 per cent in 2000. In NMS the level of bank intermediation is also low. In 2000, the ratio of private sector credit to GDP was less than 40 per cent, whereas in the euro area it was 100 per cent. A third distinguishing feature of NMS banks is that foreign investors now dominate ownership. In 1995, 8 per cent of banking assets were in foreign hands, and by 2002 this had increased to 88 per cent.3 In contrast, banks in the former EU-15 are mainly domestically owned or are traded on national stock markets.

Details

Emerging European Financial Markets: Independence and Integration Post-Enlargement
Type: Book
DOI: https://doi.org/10.1016/S1569-3767(05)06007-3
ISBN: 978-0-76231-264-1

To view the access options for this content please click here
Article
Publication date: 13 April 2015

Impact of the 2008-2009 recession on African-American owned US banks

William Lepley, Robert Nagy and Mussie Teclezion

– The purpose of this paper is to contribute to the literature on minority-owned commercial banks in the USA.

HTML
PDF (318 KB)

Abstract

Purpose

The purpose of this paper is to contribute to the literature on minority-owned commercial banks in the USA.

Design/methodology/approach

The authors examine performance differences between African-American (AA) commercial banks and other minority (OM)-owned banks. Also, the authors compare AA bank performance with that of their peer-group banking institutions.

Findings

Employing data both before and after the recessionary period of 2008-2009, the authors find significant performance differences between minority ownership categories. For example, prior to 2008, AA banks held a significant advantage over OM-owned banks in net interest income as a percentage of average assets. This competitive advantage was somewhat offset by relatively weak loan portfolios and failure to contain costs. The 2008 crisis served to exacerbate the negatives of African-American banks while their positive differences essentially disappeared.

Originality/value

The focus is different than the previous studies on minority-owned banks. The authors are especially interested in how AA banks have fared – relative to banking industry peer institutions, but also, relative to OM-owned banks.

Details

Managerial Finance, vol. 41 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/MF-06-2014-0172
ISSN: 0307-4358

Keywords

  • Performance
  • Banks
  • African-American
  • Minority

To view the access options for this content please click here
Expert briefing
Publication date: 15 March 2019

Tighter global money risks exposing banks’ fault lines

Location:
INTERNATIONAL

Addressing the concerns this raises for banks' profitability, the Financial Services Agency announced that it would stress test Japan's 105 regional banks in mid-2019…

HTML

Details

DOI: 10.1108/OXAN-DB242466

ISSN: 2633-304X

Keywords

Geographic
Denmark
Europe
Japan
Sweden
Switzerland
Western Europe
United States
Topical
economy
banking
bonds
capital flows
finance
investment
monetary
prices
foreign investment
growth
policy
private sector
To view the access options for this content please click here
Article
Publication date: 3 August 2012

Efficiency of Islamic banks: case of North African Arab countries

Jamal Ali Al‐Khasawneh, Karima Bassedat, Bora Aktan and Priya Darshini Pun Thapa

The purpose of this paper is twofold. The first and the most important is to examine the efficiency of Islamic banks relative to conventional banks operating in North…

HTML
PDF (87 KB)

Abstract

Purpose

The purpose of this paper is twofold. The first and the most important is to examine the efficiency of Islamic banks relative to conventional banks operating in North African Arab countries, in terms of cost and revenue efficiency. The second objective is to assess more evidence regarding the banking system efficiency trend and dynamics in each single country, and to compare such trends among countries included in the study.

Design/methodology/approach

The non‐parametric data envelopment analysis (DEA) was used to estimate cost and revenue efficiency scores assuming variable returns to scale (VRS). The sample consists of nine Islamic banks and 11 conventional banks.

Findings

The results indicated that Islamic banks achieved higher average revenue efficiency scores over conventional banks in this region, while the growth rate of revenue efficiency score of Islamic bank was less than conventional banks. In terms of cost efficiency, the results varied from country to another. The results also showed that both groups of banks were close to each other, with an advantage to conventional banks, which suffer less cost efficiency loss over time compared to Islamic banks.

Research limitations/implications

The very limited data sources (banks' web sites) was was the main limitation faced during preparing for this research. Another limitation was the non‐regularity of annual reports.

Practical implications

Islamic banks are highly challenged in finding investment opportunities/avenues that comply with Islamic regulations, unlike conventional banks that can invest in fixed income securities. There is a serious need for some countries to deregulate their banking systems more, in order to enhance the compatibility and the efficiency of their banking, such as the case of Sudan.

Originality/value

Given the previously mentioned difficulties, decent data set were collected. The value of this paper is the use of nonparametric DEA to analyse cost and revenue efficiences in the countries of this region.

Details

Qualitative Research in Financial Markets, vol. 4 no. 2/3
Type: Research Article
DOI: https://doi.org/10.1108/17554171211252547
ISSN: 1755-4179

Keywords

  • Tunisia
  • Algeria
  • Egypt
  • Sudan
  • North Africa
  • Islam
  • Banking
  • Investments
  • Data envelopment analysis
  • Revenue efficiency
  • Cost efficiency
  • North African Arab countries
  • Islamic banking

To view the access options for this content please click here
Article
Publication date: 18 January 2008

Y2K: is there a lesson in the bug that did not bite?

Ernest W. King and Drew B. Winters

The purpose of the paper is to determine if banks that solved the Y2K problem early created value for their shareholders.

HTML
PDF (216 KB)

Abstract

Purpose

The purpose of the paper is to determine if banks that solved the Y2K problem early created value for their shareholders.

Design/methodology/approach

The method of analysis is an event study.

Findings

The primary finding of the analysis is that solving the Y2K problem did not create value for bank shareholders. That is, announcements of solving the Y2K problem were not accompanied with positive stock price reactions.

Research limitations/implications

While the paper does not find support for a positive reaction to solving Y2K, it does find some evidence of concerns about banks that were having trouble solving Y2K. However, the sample size of banks with problems was small and therefore we caution readers about generalizing these results.

Practical implications

All banks needed to solve the Y2K problem, but those solving Y2K do not appear to create value for their shareholders. From this we conclude that it is better to buy the solution to a required project than to develop it internally.

Originality/value

This paper is of interest to anyone in a capital budgeting decision making process that includes required projects.

Details

Managerial Finance, vol. 34 no. 2
Type: Research Article
DOI: https://doi.org/10.1108/03074350810841286
ISSN: 0307-4358

Keywords

  • Capital budgeting
  • Banks
  • Data security

To view the access options for this content please click here
Article
Publication date: 3 October 2016

SME lending decisions – the case of UK and German banks: An international comparison

Tony Stevenson and Keith Pond

The purpose of this paper is to test and extend a conceptual model of risk assessment in bank lending to SMEs using five German and five UK bank case studies. Derived from…

HTML
PDF (135 KB)

Abstract

Purpose

The purpose of this paper is to test and extend a conceptual model of risk assessment in bank lending to SMEs using five German and five UK bank case studies. Derived from research in Germany and the UK, the model postulates that factors in the external, operating and internal environments of individual banks can influence credit-risk assessment decisions.

Design/methodology/approach

The empirical data for this paper was collected during face-to-face interviews with five UK lending bankers in June 2006 and five German bankers in February 2007. The timing is important, as these were unaffected by credit-crunch considerations. The sample banks were similar in size and operating in the retail environment in their respective countries. The interviewees comprised lending officers and managers in loan departments. All interviews were conducted using a questionnaire format designed to elicit a commentary on the loan process in a reasonably unstructured way.

Findings

Notable differences emerged from these findings compared to the scene painted by existing research. The findings argue that changes in the law and banking regulations have reshaped both German and UK banking institutions. German bank employees are facing ever-increasing pressure as their employers strive to become efficient, streamlined banks with a high orientation towards their shareholders in a highly competitive market. This has a consequence for the emphasis placed on local and community factors. These findings further argue that German banks have moved their value orientations towards the British banking model to simulate the high returns achieved by British banks. German banking culture and state values are deeply embedded into the societal structure (Llewellyn, 2002; Lane and Quack, 2001). The deregulation of German banks has manifested in an adjustment of institutional behaviour, steering towards a shareholder orientation. However, even whilst German banks readjust their strategies, they continue to struggle to “shake off” their original roots and a cultural identity of stakeholder orientation.

Originality/value

This study provides a historical context for the recent developments in public sector reporting and accountability in the financial banking sector in both the United Kingdom and Germany. The paper provided an insight into the determination and interpretation of European regulations.

Details

Studies in Economics and Finance, vol. 33 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/SEF-12-2014-0243
ISSN: 1086-7376

Keywords

  • D82
  • K20
  • G21
  • SME
  • Bank
  • Lending
  • Risk
  • Germany and UK

To view the access options for this content please click here
Article
Publication date: 1 December 1998

A study of efficiency evaluation in Taiwan’s banks

Tser‐Yieth Chen and Tsai‐Lien Yeh

The main contribution of this paper is empirical in nature. We use data envelopment analysis to evaluate the relative efficiency of 34 commercial banks in Taiwan. Fifteen…

HTML
PDF (106 KB)

Abstract

The main contribution of this paper is empirical in nature. We use data envelopment analysis to evaluate the relative efficiency of 34 commercial banks in Taiwan. Fifteen banks are identified as efficient ones and they are divided into four sub‐groups. Conversely, 19 banks are attributed as inefficient ones and the slack analysis are followed. The inefficient banks can effectively promote resource utilization efficiency by better handling their labour and capital operating efficiency and enlarging bank investment function. In addition, we compare the data envelopment analysis results to the financial ratios and show that a consistent effect cannot be obtained. This is to say that we cannot derive which bank has a higher performance from financial ratio analysis only.

Details

International Journal of Service Industry Management, vol. 9 no. 5
Type: Research Article
DOI: https://doi.org/10.1108/09564239810238820
ISSN: 0956-4233

Keywords

  • Banking
  • Efficiency
  • Process efficiency

To view the access options for this content please click here
Article
Publication date: 1 April 1997

Differences between the financial characteristics of interest‐free banks and conventional banks

M.M. Metwally

Uses logit, probit and discriminant analysis to test for structural differences between the financial characteristics of interest‐free banks and conventional banks. The…

HTML
PDF (48 KB)

Abstract

Uses logit, probit and discriminant analysis to test for structural differences between the financial characteristics of interest‐free banks and conventional banks. The analysis extends to various financial dimensions which evaluate performance, namely: liquidity, leverage, credit risk, profitability and efficiency. Covers 15 interest‐free banks and 15 conventional banks. The statistical evidence suggests that the two groups of banks may be differentiated in terms of liquidity, leverage and credit risk, but not in terms of profitability and efficiency.

Details

European Business Review, vol. 97 no. 2
Type: Research Article
DOI: https://doi.org/10.1108/09555349710162607
ISSN: 0955-534X

Keywords

  • Banks
  • Financial ratios
  • Interest rates
  • Models
  • Performance

To view the access options for this content please click here
Article
Publication date: 7 September 2015

Investigation of the expected loss of sharia credit instruments in global Islamic banks

Farihana Shahari, Roza Hazli Zakaria and Md. Saifur Rahman

The purpose of this paper is to investigate the expected outcomes, both of positive and negative returns occurred by shariá credit instruments in global Islamic banks. The…

HTML
PDF (161 KB)

Abstract

Purpose

The purpose of this paper is to investigate the expected outcomes, both of positive and negative returns occurred by shariá credit instruments in global Islamic banks. The annual panel data from 2005 to 2012 is collected from 40 Islamic banks from 12 countries and value at risk (VaR) technique is employed in the investigation process. The findings of this study indicate several outcomes: first, majority of Islamic banks use debt-based financing (DBF) and avoid asset-based financing (ABF) due to the lack of secured rate of fixed returns and collateral. Second, the ABF financing shows the positive returns. Third, interestingly, DBF financing faces higher credit risk compared to ABF even DBF secures its financing through tight policy implementation. Finally, this paper comes up with policy recommendations for the further reduction of credit risks and improvement of bankers’ confidence level in implementing the ABF financing policy.

Design/methodology/approach

VaR on panel data.

Findings

Shariá credit instruments play an important role.

Research limitations/implications

Data findings.

Originality/value

Fully original.

Details

International Journal of Managerial Finance, vol. 11 no. 4
Type: Research Article
DOI: https://doi.org/10.1108/IJMF-12-2014-0196
ISSN: 1743-9132

Keywords

  • Asset-based financing (ABF)
  • Credit risks and sharia credit instruments
  • Islamic banks
  • Debt-based financing (DBF)

Access
Only content I have access to
Only Open Access
Year
  • Last week (271)
  • Last month (798)
  • Last 3 months (2593)
  • Last 6 months (4828)
  • Last 12 months (9113)
  • All dates (97720)
Content type
  • Article (73861)
  • Book part (12913)
  • Expert briefing (3765)
  • Earlycite article (3181)
  • Executive summary (2708)
  • Case study (1211)
  • Graphic analysis (81)
1 – 10 of over 97000
Emerald Publishing
  • Opens in new window
  • Opens in new window
  • Opens in new window
  • Opens in new window
© 2021 Emerald Publishing Limited

Services

  • Authors Opens in new window
  • Editors Opens in new window
  • Librarians Opens in new window
  • Researchers Opens in new window
  • Reviewers Opens in new window

About

  • About Emerald Opens in new window
  • Working for Emerald Opens in new window
  • Contact us Opens in new window
  • Publication sitemap

Policies and information

  • Privacy notice
  • Site policies
  • Modern Slavery Act Opens in new window
  • Chair of Trustees governance statement Opens in new window
  • COVID-19 policy Opens in new window
Manage cookies

We’re listening — tell us what you think

  • Something didn’t work…

    Report bugs here

  • All feedback is valuable

    Please share your general feedback

  • Member of Emerald Engage?

    You can join in the discussion by joining the community or logging in here.
    You can also find out more about Emerald Engage.

Join us on our journey

  • Platform update page

    Visit emeraldpublishing.com/platformupdate to discover the latest news and updates

  • Questions & More Information

    Answers to the most commonly asked questions here