Showing 1 - 10 of 39
Underpricing of Initial Public Offerings (IPO) has always been a big deal to see the money left on the table by the issuers. This study analyzes the after-market performances of IPOs observed in 2006-2011 period in Istanbul Stock Exchange (ISE). Besides looking at the period as a whole, we...
Persistent link: https://www.econbiz.de/10010058684
This paper investigates the determinants of banking system fragility by underlining the impact of bank liberalization on banking stability during the process of financial liberalization in emerging and developed countries. To this effect, we adopted a panel model with spatial dependency from a...
Persistent link: https://www.econbiz.de/10010009130
Total Factor Productivity (TFP) changes of Thai banking system in the period of 2007-2010 using panel data of 27 major banks … in Thailand. This paper shows that the global crisis had a late effect on Thai banks as the TFP only dropped in 2010 …. While the local banks maintained their stable, foreign banks were more fluctuating – some improved their TFPs, some did not …
Persistent link: https://www.econbiz.de/10010058698
Banking is the core of the financial system which has important role in attracting deposits to provide credits to borrowers, services to customers and booting the economic development. This paper applied a modified DEA window analysis to analyze the performance changes through time of the...
Persistent link: https://www.econbiz.de/10010009114
Banks operating in a regulated environment need to operate within the fiscal, monetary, political and legal regulations …; customer tastes, habits and demand; and input supply changes. Changes in these require adjustments in the bank’s operations … proven an appropriate business, growth and financial strategy with which banks in Nigeria can cope in their dynamic operating …
Persistent link: https://www.econbiz.de/10010148079
The emergence and deepening global economic crisis is in large part reflected in the operation of international financial institutions and their current structure. Long-term financial crisis has increased demands for decisive reform moves in operating and structure of the IMF, World Bank Group...
Persistent link: https://www.econbiz.de/10010185790
The recent crisis of 2008 has revealed several challenges for the economic science, sparking a considerable amount of debate regarding the profession of economists and the role of macroeconomics and monetary policies. The first question that arose was why there was a lack of anticipation of the...
Persistent link: https://www.econbiz.de/10010079775
The ongoing globalisation process has not put an end to international financial crises. On the contrary, it seems to have contributed to their appearance and to accentuating their degrees of unpredictability. In this context, the main objective of the present study is to establish whether the...
Persistent link: https://www.econbiz.de/10010009034
The goal of this paper is to present an original and simple analysis aimed to understand why investing in capital markets can be very dangerous for "naive investors". Stock markets display often exploding volatility. They are characterized by instability and subject to external shocks. If...
Persistent link: https://www.econbiz.de/10010009044
no surprise to most. Less well known is the fact that over 400 commercial banks and thrifts have failed in the U.S. since … 2008. This paper attempts to understand why so many banks are failing and why they are failing in an uneven pattern across … contributed to the probability of failure. We do find that banks in those six states failed because of inadequate capital, off …
Persistent link: https://www.econbiz.de/10010009103