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Credit market imperfections in the theory of credit rationing
Ślązak, Emil - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 4, pp. 76-91
The article aims at comparative analysis of the nature and dimensions of credit rationing on the grounds of theory of finance. The paper identifies the essence of credit rationing through the prism of its most important endogenous and exogenous prerequisites, assuming the lack of adequate...
Persistent link: https://www.econbiz.de/10009959727
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Reformbedarf in der EU-Bankenregulierung : Solvenz von Banken und Staaten entkoppeln
Pockrandt, Johannes; Radde, Sören - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 79 (2012) 42, pp. 3-10
Jüngste Entwicklungen in Irland, Griechenland und Spanien zeigen: Finanzierungskrisen von Staaten gefährden deren Bankensektoren, Bankenkrisen die Zahlungsfähigkeit ihrer Heimatstaaten. Diese Kopplung von Staats- und Bankensolvenz wird durch den Home Bias im Staatsanleiheportfolio, also die...
Persistent link: https://www.econbiz.de/10010079469
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Financial markets, bloated governments and the misallocation of capital
Savvides, Savvakis C. - In: Journal of finance and investment analysis 1 (2012) 2, pp. 201-219
Through this paper the author discusses the phenomenon of excessive Government borrowing and the factors that lead Governments to be so dependent on financial markets. It is argued that the combined effect of unregulated financial intermediaries, hedge funds and Credit Rating Agencies in...
Persistent link: https://www.econbiz.de/10010079549
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Ownership structure and efficiency of Tunisian banking sector
Anis, Ochi; Yosra, Saidi - In: Journal of finance and investment analysis 1 (2012) 3, pp. 239-254
level of cost efficiency. While, we have proposed an assessment of the cost efficiency of Tunisian banks during the period … affect the cost efficiency scores of banks or not. Overall, our results demonstrate that environmental variables contribute … significantly and positively to the difference cost-efficiency scores between Tunisian banks. Also, our results show that private …
Persistent link: https://www.econbiz.de/10010079557
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Implementation of the stress test methods in the retail portfolio
Siarka, Pawel - In: Journal of applied finance & banking 2 (2012) 6, pp. 15-29
Article refers to the issue of credit risk management in commercial banks. Particular attention is paid to the problem of stress testing. In addition, methods are presented that allow prediction of the losses of the portfolio in the context of extreme events relating to the crises of financial...
Persistent link: https://www.econbiz.de/10010118427
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Efficiency of NPA management in Indian SCBs : a bank-group wise exploratory study
Siraj, K. K.; Pillai, P. Sudarsanan - In: Journal of applied finance & banking 3 (2013) 2, pp. 123-137
Quality of asset and efficiency of bank is highly correlated. The efficiency of banking in post-liberalization period … equation to estimate the relative efficiency of different bank groups in India. The estimation using EG value is more accurate … its growth rate, inference is generated. The analysis focused on identifying relative efficiency of different bank groups …
Persistent link: https://www.econbiz.de/10010148069
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The rebuilding of the Cyprus economy
Savvides, Savvakis C. - In: Journal of finance and investment analysis 2 (2013) 2, pp. 107-123
Following the extra ordinary decision to bail in the unsecured depositors and restructure the two main banks and the near complete destruction of the country’s economic business model as an International Financial Centre, the author considers the changes necessary to rebuild the economy of...
Persistent link: https://www.econbiz.de/10010148292
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Corporate governance and its impact on firm risk
Alam, Abdullah; Shah, Syed Zulfiqar Ali - In: International journal of management, economics and … 2 (2013) 2, pp. 76-98
The aim of this research is to explore the relationship of corporate governance with firm risk. This study establishes a link between corporate governance variables and firm risk for a sample of 106 Pakistani firms over a time of six years (2005-2010). Based on the estimation results, family...
Persistent link: https://www.econbiz.de/10010148372
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Default forecasting considering correlation between business and credit cycles
Kanno, Masayasu - In: Journal of applied finance & banking 2 (2012) 5, pp. 275-305
Bank’s major approach in her internal rating system is credit scoring valuation which focused on corporates’ idiosyncratic risks and based on their financial indexes. Hence, an influence on corporates’ credit risks by business variation is not considered in her system. We model the effect...
Persistent link: https://www.econbiz.de/10010058683
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Measurement of liquidity-adjusted market risk by VaR and expected shortfall : evidence from Turkish banks
Aktas, Cihan; Cortuk, Orcan; Teker, Suat; Yildirim, … - In: Journal of applied finance & banking 2 (2012) 5, pp. 137-147
Due to its known weaknesses Value at Risk (VaR) has been modified to have a better market risk measurement model. 2007-2008 global financial crisis has increased the necessity to incorporate market liquidity into widely used models. This is to raise the required regulatory capital for trading...
Persistent link: https://www.econbiz.de/10010058692