Journal articles: '3502 Banking, finance and investment'

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Ellis, Katrina, Roni Michaely, and Maureen O’Hara. "Competition in investment banking." Review of Development Finance 1, no. 1 (January 2011): 28–46. http://dx.doi.org/10.1016/j.rdf.2010.10.004.

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Degl'Innocenti, Marta, Franco Fiordelisi, Claudia Girardone, and Nemanja Radić. "Competition and risk‐taking in investment banking." Financial Markets, Institutions & Instruments 28, no. 2 (March 5, 2019): 241–60. http://dx.doi.org/10.1111/fmii.12113.

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Grullon, Gustavo, Shane Underwood, and James P. Weston. "Comovement and investment banking networks." Journal of Financial Economics 113, no. 1 (July 2014): 73–89. http://dx.doi.org/10.1016/j.jfineco.2014.02.010.

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Berzins, Janis, Crocker H. Liu, and Charles Trzcinka. "Asset management and investment banking." Journal of Financial Economics 110, no. 1 (October 2013): 215–31. http://dx.doi.org/10.1016/j.jfineco.2013.05.001.

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O'BRIEN, PATRICIA C., MAUREEN F. MCNICHOLS, and LIN HSIOU-WEI. "Analyst Impartiality and Investment Banking Relationships." Journal of Accounting Research 43, no. 4 (September 2005): 623–50. http://dx.doi.org/10.1111/j.1475-679x.2005.00184.x.

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Ordoñez, Guillermo. "Sustainable Shadow Banking." American Economic Journal: Macroeconomics 10, no. 1 (January 1, 2018): 33–56. http://dx.doi.org/10.1257/mac.20150346.

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Banking regulation is beneficial because it constrains banks' portfolios to prevent excessive risk taking. But given that regulators usually know less than a bank about its investment opportunities, regulation comes at the cost of foregoing profitable investments. I argue that shadow banking improves welfare because it provides a channel to escape excessive regulation that is asymmetrically more valuable for banks with access to efficient investment opportunities. I propose a novel intervention that improves welfare further by taxing shadow activities, subsidizing regulated activities and allowing banks to self-select into being regulated or not. (JEL D82, G21, G28, G31, G32, L25)

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Urban, Michael, and Dariusz Wójcik. "Dirty Banking: Probing the Gap in Sustainable Finance." Sustainability 11, no. 6 (March 22, 2019): 1745. http://dx.doi.org/10.3390/su11061745.

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In 2016, the Global Sustainable Investment Alliance estimated the market for sustainable investments to have reached 22.89 trillion USD of assets under management. While financial institutions have embraced the idea of sustainable finance as a business opportunity, they have arguably done little, but to piggy-back on investors’ demand. Today, it is not unusual for a single firm to retail fossil free investment funds and concomitantly offer commercial loans towards fracking, coal, and Arctic drilling. This paradox is underpinned by a major gap in the way sustainability has permeated primary and secondary markets which, we argue, calls for a serious rethinking of the sustainability transition in finance. This article proposes two contributions in this direction. First, we develop an original conceptualisation of finance as a socio-technical system to discuss the dynamics that both hinder and promote a transition from mainstream to sustainable finance. Second, we propose to study how investment banks integrate sustainability in their underwriting services. To do so, we filter through close to half a million of debt and equity underwriting deals (2005–2017) using the Government Pension Fund Global of Norway’s list of 153 excluded companies. Our results suggest that investment banks do not shy away from underwriting companies that have been flagged for major environmental, social, and governance misconduct, neither do they restrain from underwriting companies providing contentious products, such as tobacco, coal, and nuclear weapons. Moving forward, we suggest ways to address this problem and call for further research on the responsibility and agency of finance and advanced business services firms in sustainability transitions.

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Rioja, Felix, Fernando Rios-Avila, and Neven Valev. "The persistent effect of banking crises on investment and the role of financial markets." Journal of Financial Economic Policy 6, no. 1 (April 1, 2014): 64–77. http://dx.doi.org/10.1108/jfep-08-2013-0035.

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Purpose – While the literature studying the effect of banking crises on real output growth rates has found short-lived effects, recent work has focused on the level effects showing that banking crises can reduce output below its trend for several years. This paper aims to investigate the effect of banking crises on investment finding a prolonged negative effect. Design/methodology/approach – The authors test to see whether investment declines after a banking crisis and, if it does, for how long and by how much. The paper uses data for 148 countries from 1963 to 2007. Econometrically, the authors test how banking crises episodes affect investment in future years after controlling for other potential determinants. Findings – The authors find that the investment to GDP ratio is on average about 1.7 percent lower for about eight years following a banking crisis. These results are robust after controlling for credit availability, institutional characteristics, and a host of other factors. Furthermore, the authors find that the size and duration of this adverse effect on investment varies according to the level of financial development of a country. The largest and longer-lasting decrease in investment is found in countries in a middle region of financial development, where finance plays its most important role according to theory. Originality/value – The authors contribute by finding that banking crisis can have long-term effects on investment of up to nine years. Further, the authors contribute by finding that the level of development of the country's financial markets affects the duration of this decrease in investment.

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Ibrahim, Mansor H., and M. Shahid Ebrahim. "Islamic Banking and Finance: Beyond Comparison and Investment Opportunities." Pacific-Basin Finance Journal 52 (December 2018): 1–4. http://dx.doi.org/10.1016/j.pacfin.2018.11.006.

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Pantos, Themis D. "EU Banking Directives: risk and wealth effects on the Greek financial sector." Journal of Risk Finance 9, no. 1 (January 4, 2008): 9–19. http://dx.doi.org/10.1108/15265940810842384.

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PurposeThe paper seeks to examine whether or not wealth effects and changes in the systematic risk associated with the return structure of the Greek commercial chartered banks, investment firms and insurance companies resulted from the passage of the European Union Banking Directives over the period 1988‐1997.Design/methodology/approachUsing monthly stock returns from the DataStream database for the period January 1988 to December 1997, the separate effects of each of the EU Banking Directives on Greek commercial chartered banks, investment firms and insurance companies are tested. The “seemingly unrelated regression” methodology is utilized to test three portfolios consisting of an equally weighted banking, investment and insurance index made up of major Greek banks, investment firms and insurance companies respectively. The Greek Market Index serves as a proxy for the market portfolio. All the aforementioned indices were converted to returns using the log difference method.FindingsEmpirical results indicate that the systematic risk dramatically increased for Greek insurance and investment firms and moderately increased for Greek commercial chartered banks through the tabling of the Free Capital Movement Directive in the Greek Parliament. After controlling for systematic risk, the results suggest that the passage of the Free Capital Movement Directive did not create wealth effects for the shareholders of commercial chartered banks, investment firms and insurance companies. Conversely, the results demonstrate that the Second Banking, Investment Services and Capital Adequacy Directives produced no wealth effects for the investment firms and insurance companies, but not for commercial chartered banks' shareholders. The whole wealth effect on the Greek financial sector was neutral.Originality/valueThis article will be of value to academics, bankers, bank regulators, practitioners, and economic policy makers who are interested in the regulatory evolution of the EU banking industry.

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Cornford, Andrew. "Trade, Investment and Competition in International Banking." Journal of Banking Regulation 8, no. 2 (February 2007): 195–97. http://dx.doi.org/10.1057/palgrave.jbr.2350042.

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Bengtsson, Elias. "Investment funds, shadow banking and systemic risk." Journal of Financial Regulation and Compliance 24, no. 1 (February 8, 2016): 60–73. http://dx.doi.org/10.1108/jfrc-12-2014-0051.

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Purpose – This paper aims to consider the role of investment funds in the credit intermediation process and discuss various forms of systemic risk their involvement might give rise to. It concludes by drawing some conclusions on the policy challenges facing authorities charged with regulating shadow banking. Design/methodology/approach – The paper is based on findings from prior research and statistics. Findings – On a general level, the paper shows that even though traditional investment funds and hedge funds may be very different in terms of their investment strategies and business models, some of them share several commonalities from a systemic risk perspective. More specifically, it discusses how instability in the funding profile of investment funds may threaten their ability to substitute banks’ maturity and liquidity transformation; that their potential funding liquidity shortages, asset reallocations and leverage may contribute to procyclicality in credit and market runs on the systemic money and short-term credit markets; and that insufficient risk separation may elude managerial and supervisory oversight, and force banks to reduce or interrupt credit intermediation. Research limitations/implications – The paper points to the lack of timely and comprehensive data for uncovering the stages and entities involved in shadow banking. Without sufficient data, the task of policy bodies, regulators or macroprudential authorities to fully grasp shadow banking and its contribution to systemic risk is daunting. Originality/value – The paper represents (to the author’ knowledge) the first analysis of the role of investments in shadow banking.

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GIEDEMAN, DANIEL C. "Branch Banking Restrictions and Finance Constraints in Early-Twentieth-Century America." Journal of Economic History 65, no. 1 (March 2005): 129–51. http://dx.doi.org/10.1017/s0022050705050059.

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This article studies the effects of branch banking restrictions on American firm investment and growth. Authors have suggested that the lack of widespread branching bank networks hindered the development of large-scale industrial firms. This article presents a model that implies that restrictions on branch banking cause the severity of external finance constraints to increase with firm size. This hypothesis is tested using a panel data set of over 250 firms for 1911–1922. Investment and growth sensitivities are significantly higher for large firms than for smaller firms, suggesting that branch banking restrictions hindered the expansion of large-scale firms.

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Bloch, Ernest, Samuel L. Hayes III, and Philip M. Hubbard. "Investment Banking: A Tale of Three Cities." Journal of Finance 45, no. 4 (September 1990): 1352. http://dx.doi.org/10.2307/2328734.

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KHAN, MUHAMMAD. "Guaranteeing Investment Deposits in Islamic banking System." Journal of King Abdulaziz University-Islamic Economics 16, no. 1 (2003): 45–52. http://dx.doi.org/10.4197/islec.16-1.2.

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Anand, Bharat Narendra, and Alexander Galetovic P. "Investment Banking and Security Market Development: Does Finance Follow Industry?" IMF Working Papers 01, no. 90 (2001): 1. http://dx.doi.org/10.5089/9781451851397.001.

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Carter, Richard B., and Frederick H. Dark. "An Empirical Examination of Investment Banking Reputation Measures." Financial Review 27, no. 3 (August 1992): 355–74. http://dx.doi.org/10.1111/j.1540-6288.1992.tb01322.x.

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Engel, Dirk, and Torge Middendorf. "Investment, internal funds and public banking in Germany." Journal of Banking & Finance 33, no. 11 (November 2009): 2132–39. http://dx.doi.org/10.1016/j.jbankfin.2009.05.006.

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Armstrong, Angus. "Restoring Trust in Banking." National Institute Economic Review 221 (July 2012): R4—R10. http://dx.doi.org/10.1177/002795011222100111.

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Trust allows financial transactions to take place when contracts are incomplete and the cost of negotiating too great for the parties involved. Banking covers many different types of transactions in assets with different levels of incomplete contracts. Investment banks have traditionally dealt with assets with incomplete contracts and often traded on informal and opaque markets. The creation of new global banks combined know-how, capital and collateral to generate enormous growth in these markets. While global banks developed trust with counterparties in specific markets, the opacity combined with limited liability structures also created principal-agent problems. The scandals which emerged are a reflection of these agency problems and have left trust in the banks greatly diminished. If levels of trust remain so low, this will be consistent with ongoing bank vulnerability, less lending to finance risky but profitable investment projects, and consequently lower economic activity. Regulation can support private incentives to accept codes of conduct which enhance trust.

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Mehta, Dileep R., Ingo Walter, and Roy C. Smith. "Investment Banking in Europe: Restructuring for the 1990s." Journal of Finance 47, no. 2 (June 1992): 823. http://dx.doi.org/10.2307/2329129.

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Odilovich, Odilov Akmal, and Jo’rayev Behzod Nuraliyevich. "Investing In Corporate Social Responsibility, Banking Disclosure And Finance In Uzbekistan." American Journal of Management and Economics Innovations 3, no. 05 (May 31, 2021): 86–94. http://dx.doi.org/10.37547/tajmei/volume03issue05-14.

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Using panel data set from banks in Uzbekistan, a developing country, this paper examines the eﬀects of corporate social responsibility (CSR) investment and disclosure on corporate ﬁnancial performance. The results from the Wallace and Hussain estimator of component variances (a two- way random and ﬁxed eﬀects panel) suggest that CSR investment without due disclosure would have little or no contribution to corporate ﬁnancial performance. This paper supports the argument that ﬁrms could beneﬁt both ﬁnancially and non-ﬁnancially from a strategic CSR agenda.

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Gaston, Richard S. "Outsourcing information services in investment banking." Business Information Review 22, no. 4 (December 2005): 263–68. http://dx.doi.org/10.1177/0266382105060605.

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Livne, Gilad, Garen Markarian, and Maxim Mironov. "Investment horizon, risk, and compensation in the banking industry." Journal of Banking & Finance 37, no. 9 (September 2013): 3669–80. http://dx.doi.org/10.1016/j.jbankfin.2013.05.021.

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Vovchak, Olha, and Viktoriia Rudevska. "Banking crediting of enterprises’ innovation activity in Ukraine." Banks and Bank Systems 11, no. 4 (December 9, 2016): 97–101. http://dx.doi.org/10.21511/bbs.11(4).2016.10.

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The basic tendencies and problems of banking crediting of enterprises’ innovation activity have been researched. The main directions in enterprises’ financing framework as banking crediting have been analyzed. The factors that influence the level of bank support of enterprises that overcome innovation activity and actively implement innovations have been researched. The banking crediting is proved to be meant to become one of the most important sources of financing of investment programs and projects, directly connected with improvement and development of the most important branches of economy. Keywords: bank, innovations, innovation activity, enterprises’ financial resources, crediting. JEL Classification: G24

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Świeszczak, Marika. "How Are Banks Doing on Sustainable Finance?" Finanse i Prawo Finansowe 3, no. 27 (September 30, 2020): 141–54. http://dx.doi.org/10.18778/2391-6478.3.27.08.

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In recent years, the banking sector has started to prioritize sustainable development, recognizing the growing benefits of sustainable investment. However, they e ncounter many obstacles on the road, among others, the time horizon, waiting for regulatory proposals, and a lack of understanding of the potential effects of climate change. To strengthen its sustainability policy, the ESMA decided to harmonize transparency rules that should have a significant impact on the entire banking sector. The purpose of the article is to organize basic definitions related to the sustainable development policy, to show the role of finance in the whole process, to present important changes in the regulation, and to approximate current changes in the field of sustainable development in the banking sector.

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Tsaurai, Kunofiwa. "Banking sector development and foreign direct investment. A case of Botswana." Risk Governance and Control: Financial Markets and Institutions 4, no. 3 (2014): 44–50. http://dx.doi.org/10.22495/rgcv4i3art5.

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The study investigates if there is a causality relationship between banking sector development and FDI inflows in Botswana. Though quite a number of authors have written on the subject, there appears to be no consensus on the directional causality between banking sector development and FDI inflows into the host country. At the moment, three dominant perspectives exist regarding the relationship between banking sector development and FDI inflows into the host country. The first perspective says that banking sector development attracts FDI inflows into the host country. The second perspective suggests that there is a positive feedback effect between banking sector development and FDI inflows whilst the third perspective maintains that there is no direct causality relationship between the two variables. The results from this study are consistent with the third perspective that says there is no direct causality relationship between banking sector development and FDI net inflows. This confirms that the long run relationship between banking sector development and FDI net inflows is an indirect one and the two set of variables affect each other indirectly through other factors in Botswana.

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Kickbusch, Ilona, Rüdiger Krech, Christian Franz, and Nadya Wells. "Banking for health: opportunities in cooperation between banking and health applying innovation from other sectors." BMJ Global Health 3, Suppl 1 (June 2018): e000598. http://dx.doi.org/10.1136/bmjgh-2017-000598.

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The annual funding need for global health SDG targets is estimated by WHO at US$134 billion per year, rising to US$274-$371bn by 2030. This paper examines the challenge of making sustainable investment structures in global health more attractive for mainstream financial markets. The objective is a framework for targeted future debate with financial sector actors. Four case studies of innovative sustainable investment mechanisms are analysed, elaborating potential transfer of green and impact investment models in order to channel additional private sector funds to health. To increase private sector involvement, profit must accrue to providers of finance. The paper shows how health criteria can be incorporated into structures, which create triple bottom line return opportunities. Health infrastructure projects based on risk sharing models with governments or multilateral agencies could use long-term funding, with better credit ratings and lower cost of capital. Outcomes based investment, similar to green or social impact bonds, with third-party certification of measurable health impact, satisfy the private sector need for return with social interest objectives. Responsible investment could expand by adding a ‘health’ (H) criterion to the Environmental, Social and Governance (ESG) framework, implementing ESG+H for mainstream investment screening. These models are scalable, satisfy the need to dedicate funds to health and incorporate consistent critical success metrics. The conclusion finds that strong legal frameworks and exploration of fiscal incentives will be critical next steps to facilitate scaling up and broadening of interest from private sector financial actors. The impact these investments have on overall population health is a positive externality of sustainable global health investment.

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Al-Zu'bi, Bashir. "Islamic Economics, Banking and Finance." American Journal of Islam and Society 15, no. 1 (April 1, 1998): 162–65. http://dx.doi.org/10.35632/ajis.v15i1.2210.

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The course was organized by the Islamic Development U.K., in cooperationwith the Islamic Development Bank, Jeddah, Saudi Arabia, andLoughborough University, Loughborough, U.K. More than 100 guestspeakers, organizers, and participants attended.The participants were very active in panel discussions. The topicsincluded Islamic banking and fm ance, Islamic economics, economicdevelopment from the Islamic perspective, the creation of money, therationale of prohibiting interest and its prohibition in western literature,debt, equity, Islamic fund management, the role of zakat in the eradicationof poverty, Islamic finance in the West, and the new halal investmentcompany in Europe. As a starting point, Dr. Umer Chapra presented a paper on the presentstate of Islamic economics. He emphasized the importance of economicsin explaining the fall of Muslim power. He also pointed out the effect ofIslamic values and institutions, including zakat and the abolition of interest.He added that now it is time to solve the practical problems that theMuslim countries are facing and also to show ways of realizing theIslamic vision of a society where development is taking place with justice.Dr. Monawar Iqbal talked about the rationale of Islamic banking andthe services that people are in need of, e.g., investment in the form ofmudarabah, musharakah, and murabah.Attention was juid to the following features of Islamic banking: risksharing, productivity as compared to credit worthiness, moral dimension,equity, efficiency, stability, and growth.The experience of Islamic banking in Pakistan, Iran, and Sudan wasdiscussed. In addition, there was a discussion on multinational entities(e.g., Islamic Development Bank). Dr. Iqbal emphasized the major problemsfacing Islamic banking such as lack of profit sharing on the assetside, adverse selection, moral hazard, lack of project appraisal machinery,lack of project monitering, defaulters and the issue of penalties,illogicality of the Islamic financial market, short-term asset structure,excess liquidity, short-term placement of funds, lack of a lender of lastresort, difficulties in issuing letters of guarantee, and taxation.Despite these problems, 192 Islamic banks were operating by the endof 1996. An analysis of 166 of these banks was made by Dr. SamirShaikh, who described their current profile and showed that their netprofit in 1996 was $1,683,648. On the suggestion of Dr. Tarigullah Khanthe principles of Islamic finance were grouped into the following categories:benevolence, sharing principle, deferred sale-principle, andsharing-cum-deferred sale ...

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Ahamat, Amiruddin. "Is Islamic Banking and Finance Doing Enough? Shaping the Sustainable and Socially Responsible Investment Community." Asian Social Science 13, no. 3 (February 21, 2017): 170. http://dx.doi.org/10.5539/ass.v13n3p170.

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Islamic finance assets advanced at double-digit rates during the past decade, from about US$200 billion in 2003 to an estimated US$1.8 trillion at the end of 2013 (Ernst & Young 2014; IFSB 2014; Wyman 2009). Hence, despite this growth, Islamic finance and its related products are still focused in the Gulf Cooperation Council (GCC) countries, and Malaysia, and represent less than 1 percent of global financial assets. While, Islamic banking and finance sector, should responsive to small medium enterprises mitigating liability of smallness and newness. The factors mitigating the inherent liabilities associated with new entrepreneurial startups were found to be institutional support. Institutional support was also found to be an important factor of success for new startups. The primary focus of this study is to examine the critical role of Islamic Banking and Finance, expanding and facilitating entrepreneurial opportunities. This study draws on triple bottom line concept (people, planet and profit), by developing standards equivalent to triple bottom line reporting for Islamic banking and financial institutions, and disseminating independent and objective research to relevant stakeholders. This includes examining the potential positive or negative social impact of Islamic Banking and Finance on the financially sustainable and responsible community.

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Kauffman, Richard, and Barry Howcroft. "Thought leadership in investment banking: The beginning of a new era." Journal of Financial Services Marketing 7, no. 3 (March 2003): 214–18. http://dx.doi.org/10.1057/palgrave.fsm.4770086.

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Djalilov, Khurshid, and Jens Hölscher. "Comparative analyses of the banking environment in transition countries." Ekonomski anali 61, no. 208 (2016): 7–25. http://dx.doi.org/10.2298/eka1608007d.

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This paper investigates the dynamics of the banking environment in early and late transition countries for the period 2000-2012. We consider macroeconomic, governance, economic freedom, financial depth, industrial, bankspecific, and CSR variables to compare the banking environment in transition countries. Our analyses show the presence of differences in the banking environment of two groups of transition countries: however, this gap shrunk over the period 2000-2012. The late transition countries have lower scores in the variables ?Investment? and ?Financial freedom?, implying that in the future the governments of these countries may focus on improving the investment and financial climate.

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Khujamkulov, Dilmurod Yusupaliyevich, Ruhiddin Khusniddin Ogli Zayniddinov, Dilmurod Rakhmatullayevich Ergashev, Mamajon Akhmatjonovich Mamatov, and Khusniddin Fakhriddinovich Uktamov. "Improving the Use of Islamic Banking Services in Financing Investment Projects in Uzbekistan." Revista Gestão Inovação e Tecnologias 11, no. 2 (June 29, 2021): 2205–20. http://dx.doi.org/10.47059/revistageintec.v11i2.1869.

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Financial inclusion is remained low level by the majority of households and firms in Uzbekistan, instead of using formal finance, they are more partial to save and borrow informally. In this case, both indicate the high cost of finance as the top reason for not using it. Moreover, households, which are mostly Muslim, declare that religious reasons prevent them from using formal finance, as only conventional finance is available. The result of the survey was passed between a number of households and entrepreneurs that most of them claimed to use Islamic banking products. On the other hand, there are not created main mechanisms, infrastructure, and other important devices to regulate Islamic banking services in the country. The major objective of this study was to investigate there were used some Islamic banking products under some conventional banks for two decades and we have discussed the empirical experiences in Uzbekistan as well as given recommendations for improving the use of Islamic financial services related to foreign experiences and the result of the survey.

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Budiman, Intisaar Kaamilah, Mariam Abdulaziz, Alliya Jaffar, and Mor Talla Lo. "Impacts of the Islamic Financial Services Act 2013 on Investment Account products offered by Islamic Banks in Malaysia." International Journal of Management and Applied Research 6, no. 4 (November 1, 2019): 317–27. http://dx.doi.org/10.18646/2056.64.19-024.

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The Islamic Financial Services Act (IFSA) 2013 is a Malaysian banking law which was enacted to regulate and supervise the banking practices of Islamic finance institutions. IFSA 2013 has the effect of repealing the Islamic Banking Act 1983 (IBA), the Takaful Act 1984, the Payment System Act 2003 and the Exchange Control Act 1953. Prior to the introduction of IFSA 2013 there was no clear distinction between deposit and investment accounts. The IFSA 2013 re-defines Islamic deposit, and classifies investment accounts as non-principal guaranteed while deposit account as principal guaranteed. The objective of this paper is thus to explore implications of IFSA 2013 on investment accounts from the perspective of the banker. Future research could explore the perspective of account holders looking at their views on investment accounts and IFSA 2013.

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Fohlin, Caroline. "Relationship Banking, Liquidity, and Investment in the German Industrialization." Journal of Finance 53, no. 5 (October 1998): 1737–58. http://dx.doi.org/10.1111/0022-1082.00070.

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Rogowski, Robert J., and Eric H. Sorensen. "Deregulation in Investment Banking: Shelf Registrations, Structure, and Performance." Financial Management 14, no. 1 (1985): 5. http://dx.doi.org/10.2307/3665356.

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Lam, Terence Y. M., and Malvern Tipping. "A case study of the investment yields of high street banks." Journal of Property Investment & Finance 34, no. 5 (August 1, 2016): 521–34. http://dx.doi.org/10.1108/jpif-03-2016-0019.

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Purpose – Sale-and-leaseback has become an increasingly common approach during the last two decades in the investment of high street banks (banking-halls) in the UK. One measure commonly used in making property investment decisions is the all risks yield (ARY) which is associated with the level of rental income. Investors and their advisors need to know which factors are likely to result in the highest ARY when assembling investment portfolios of such properties. The purpose of this paper is to identify those yield influences. Design/methodology/approach – A qualitative multiple-case study was adopted. A literature review generated a hypothesis which was tested by a qualitative study, based upon semi-structured interviews and a questionnaire, to establish the influencing factors. Expert interviews were held with the heads of those three major auction-houses dealing with auctions of all retail bank premises in the Great Britain market, whilst the questionnaire survey involved investment professionals from within the auction-houses. Findings – The study confirmed that the four factors influencing yields and investors’ decision-making when purchasing retail banking premises were tenant banking company (brand names), regional location (north and south super-regions), lot size (hammer price), and tenure (freehold or leasehold). Research limitations/implications – This investigation focuses on Great Britain’s geographical and political area which includes England, Scotland and Wales, but excludes Northern Ireland. This research focuses on banking-halls as a sub-class of retail property investment. The findings form a baseline upon which further research can be conducted on other sub-types of retail property such as high street shops and retail parks. The results will also underpin the development of a quantitative yield predictive model based on regression analysis. Practical implications – To maximize the returns on property investments, investors and their professional advisors can use those factors having the greatest influence on yields to make informed investment decisions for the building of property portfolios. Originality/value – As a sub-sector, bank premises do not necessarily correlate to the generic retail sector. This research consolidates the broad systematic drivers of retail yields into specific factors influencing the ARY of banking-halls. The findings provide better understanding of an active but sparsely analysed sub-market of banking hall investments, and by so-doing help investors to maximize their investment returns.

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Mohd Jaffar, Maheran. "New Musharakah Model in Managing Islamic Investment." ISRA International Journal of Islamic Finance 2, no. 2 (December 15, 2010): 25–36. http://dx.doi.org/10.55188/ijif.v2i2.109.

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A musharakah contract is a joint venture between two or more parties and the profit is shared according to the agreed profit-sharing ratio. The new musharakah model internalises this concept and takes into account the investment of two parties, the rate of profit, as well as two profit-sharing rates. At present, this model is the only model that uses two profit-sharing rates to ensure justice in a joint venture investment. This can create opportunities to generate other Islamic investment or banking products that will attract more foreign investors who are keen on mush rakah products. Apart from this, this can initiate other researches and collaborations in Islamic banking/financing and investment, thus enhancing the Islamic investment status. The system of the musharakah model can definitely be commercialised.

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Al Madani, Nabilah, and Dahruji Dahruji. "THE ANALYSIS OF INFLUENCE STATE EXPENDITURES, ISLAMIC BANKING FINANCE AND FOREIGN INVESTMENT (PMA) ECONOMIC GROWTH IN INDONESIA 2017-2022." LISAN AL-HAL: Jurnal Pengembangan Pemikiran dan Kebudayaan 16, no. 2 (December 31, 2022): 273–94. http://dx.doi.org/10.35316/lisanalhal.v16i2.273-294.

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The purpose of this research were assessing the effect of the correlation between state spending, Islamic banking finance and foreign investment (PMA) economic growth in Indonesia. The research sources of data were secondary data from 2017-2021. From this analysis, the Gross Domestic Product at constant prices was used to measure Indonesia's economic growth. This study were included in quantitative research and applies the Multiple Linear Regression Method. The results of the study based on the t-test (partial test) found that Islamic banking finance and foreign investment (PMA) significantly affect economic growth in Indonesia. Then for the variable State Expenditure did not significantly affect Economic Growth in Indonesia.

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Musile Tanzi, Paola, Elena Aruanno, and Mattia Suardi. "A European banking business models analysis: the investment services case." Journal of Financial Regulation and Compliance 26, no. 1 (February 12, 2018): 35–57. http://dx.doi.org/10.1108/jfrc-04-2016-0028.

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Purpose Business Model Analysis is acquiring increasing visibility in the European banking regulatory framework, following the European Banking Authority guidelines on common procedures and methodologies for the supervisory review and evaluation process (SREP), developed to assess business and strategic risks (EBA, 2014, 2015a, 2015b, 2015c). Starting from a selected literature review, in the paper, the authors analyse business models set up by financial intermediaries, bank and non-banks, for the distribution of investment services, first by comparing European niche players with European banking global players, and second, comparing European niche players among themselves to understand the evolution of business models for the distribution of investment services at European level. The research is supported by the Baffi–Carefin Research Centre at the Bocconi University (Italy), in collaboration with ANASF, the Italian Association of Financial Advisors (Italy). Design/methodology/approach The authors consider a sample of European financial players from 2009 to 2014. The authors’ focus is on France, Germany, Italy, The Netherlands, Spain and the UK; overall the authors’ handmade data set is based on 162 annual reports. The authors follow two main questions: Do the niche players, as they are focused on the distribution of investment services, have an upper limit to profitability, compared to the global players, as risk-takers in many financial areas? How is the business model of niche players changing, facing increasing competition and regulatory pressures? Findings Answering the first research question, the highest net profitability is found in the niche players group; the global players, as risk-takers, achieve lower remuneration, in contrast with the risk premium theory. The results were assessed over a limited period, however, deemed in line with the company’s strategic planning horizon. Answering the second research question, the authors focus on the case of niche players, using a cluster analysis. The authors identify three different business models: most dynamic niche players, which combine investment services, insurance and welfare services, achieving the highest margins and stability; players mainly focused on asset management, whose key vulnerability is the degree of open architecture, especially in light of future MiFID 2 implementation; and players mainly focused on the creation of well-structured on-line platforms, which offer also brokerage services, thereby reducing their marginality and potentially increasing their business risk. Research limitations/implications Despite the limited time series, the authors’ research gives some inputs for those interested in deepening the business model analysis focus on the distribution of investment services and the business and strategic risk assessment, both for the global banks and the niche players (banks and non-banks). Practical implications The authors’ results could be of some interest during the strategic assessment of global banks and niche players, both adopting an internal perspective or an external one, as regulator. Social implications By giving some specific insights into the assessment and comparison of business and strategic risks among global and niche players, the authors’ research provides the basis for further research in the field of the distribution of investment services. Originality/value The originality mainly regards the business model risk perspective and the focus of the authors’ analysis: the distribution of investment services. This sector, unlike the asset management, does not have an easily recognisable group of comparables at European level, all the European countries analysed have very different business models. This research avails of an original database, that is unique to Europe.

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CERBAF. "Emerging securities market: Investment banking opportunities in the developing world." Journal of Banking & Finance 9, no. 3 (September 1985): 464–65. http://dx.doi.org/10.1016/0378-4266(85)90049-4.

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Al-Roubaie, Amer. "Islamic Finance: A Bulwark against Contagion in the Global Banking System." ICR Journal 1, no. 2 (December 15, 2009): 303–21. http://dx.doi.org/10.52282/icr.v1i2.749.

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The objective of this article is to shed some light on the performance of Islamic financial institutions in view of the current global financial crisis. Islamic financial activities and products are conducted in compliance with the shari’ah and, therefore, they are less vulnerable to changes in monetary variables than conventional financial products. Due to the prohibition of interest and because of ethical and moral constraints, Islamic banks are restricted from investment in speculative transactions which lessens default risk and enhances effectiveness of liquidity management. Islamic modes of investment contribute to society’s wellbeing through the creation of wealth and employment to ensure economic stability and human development. In Islam, knowledge, information and work are the main ingredients for success (falah). In an information-intensive world, honesty, accountability and transparency are vital for market performance and business activities. The global financial crisis has caused instability in financial markets weakening confidence in the global economic system as well as increasing uncertainty about future macroeconomic trends.

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Huda, Farzana, and Tanbir Ahmed Chowdhury. "Merchant Banking Operation: A Case Study of Selected Merchant Banks in Bangladesh." Asian Journal of Finance & Accounting 9, no. 1 (February 25, 2017): 116. http://dx.doi.org/10.5296/ajfa.v9i1.10712.

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In Bangladesh the establishment of merchant bank added value to the stock market which plays a vital role in the progress of economic development. This study tried to analyze the performance of Lanka Bangla Investment Ltd., Prime Finance Capital Management Ltd., IDLC Investment Ltd. and Uttara Finance and Investment Ltd. Seven trend equations have been tested for different activities of the selected merchant banks. It is observed that the selected merchant banks were able to achieve a stable growth of investment in securities, margin loan to clients, brokerage commission, capital gain/loss from securities, portfolio management services, issue management fees, corporate advisory fees and underwriting commission during the period of 2011-2015. Among them the trend equation of investment in securities, margin loan to clients, and corporate advisory fees are positive incase of all the selected merchant banks. Square of correlation coefficient (r2) has also been tested for all trend equations. The r2 of interest income from merchant bank, portfolio management services, settlement and transaction fees and documentation fees, is more than 0.5. It indicates the prospect of merchant banks in Bangladesh is bright.

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Chemmanur, Thomas J., Mine Ertugrul, and Karthik Krishnan. "Is It the Investment Bank or the Investment Banker? A Study of the Role of Investment Banker Human Capital in Acquisitions." Journal of Financial and Quantitative Analysis 54, no. 2 (September 7, 2018): 587–627. http://dx.doi.org/10.1017/s002210901800073x.

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Using a novel data set that links individual investment bankers to the acquisition deals they advise on, we find that individual investment bankers with greater deal experience are associated with higher acquisition returns and post-acquisition operating performance, particularly for acquirers in complex and more opaque industries. The advisory fee on acquisitions is also positively associated with the investment banking team’s experience. Finally, when more experienced investment bankers switch to a new bank, acquirers are more likely to move with them. Overall, our results suggest that the human capital of individual investment bankers is valuable to acquirers.

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Scadden, R. W. "Banking and Finance Series. Investment. By Andrew Adams (Graham and Trotman, 1989)." Journal of the Institute of Actuaries 117, no. 1 (June 1990): 171. http://dx.doi.org/10.1017/s0020268100043092.

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Bonsón, Enrique, Tomás Escobar, and Francisco Flores. "Operational Risk Measurement in Banking Institutions and Investment Firms: New European Evidences." Financial Markets, Institutions & Instruments 17, no. 4 (November 2008): 287–307. http://dx.doi.org/10.1111/j.1468-0416.2008.00142.x.

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Abubakar, Abbas Said, and Dr Josiah Aduda. "ISLAMIC BANKING AND INVESTMENT FINANCING: A CASE OF ISLAMIC BANKING IN KENYA." International Journal of Finance 2, no. 1 (January 23, 2017): 66. http://dx.doi.org/10.47941/ijf.42.

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Purpose: The purpose of this study was to establish the effect of Islamic banking on investment financing in Islamic banks in Kenya.Methodology: This study employed descriptive survey design. The population of this research consisted of 8 commercial banks offering Shariah compliant products. The study used secondary data for the period 2009 to 2012. Data was analyzed using Statistical Package for Social Sciences (SPSS) and results were presented in frequency tables and figures. The data was then analyzed in terms of descriptive statistics like frequencies, means and percentages.Results: The study findings indicated that there were various Islamic banking products that Islamic banks used to finance their investments. This included motor vehicle financing, mortgage financing, asset financing, real estate financing, trade financing and SME financing. The study also indicated that there were various modes of financing used by Islamic banking such as profit and loss sharing, Ijara and murahaba. Regression results revealed that motor vehicle financing was statistically significant in explaining loans advanced to customers in Islamic banks. However mortgage financing, asset financing, real estate financing, trade financing and SME financing were not statistically significant in explaining loans advanced to customers in Islamic banks but they were positively correlated.Unique contribution to theory, practice and policy: The study recommends that the management of the banks to get well equipped and competent employees on Islamic banking products as most Islamic banks are currently managed by people who have been educated and trained in the conventional banking system. Thus, more time may be required for the unique characteristics of Islamic financial instruments to be completely accepted and understood by both bank personnel and customers. It is also recommended that the terms and conditions of acquiring a loan be made more appealing and considerate for more investors to approach the banks for assistance as the Shari`ah restricts the type of businesses for which Islamic banks can provide financing.

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Singh, Prakash, and Dibyendu Maiti. "Sources of Finance, Innovation and Exportability in Asia: Cross-country Evidences." Journal of Asian Economic Integration 1, no. 1 (April 2019): 73–96. http://dx.doi.org/10.1177/2631684618821486.

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Sunk costs determine the level of productivity and exportability of a firm according to the modern trade theory. While productivity rise requires finance for innovation and technology adoption from external sources, this article attempts to argue that sources of finance would be detrimental to the innovation ability of firms. Although formal banking finance suffers from asymmetric information, it is less risky to invest on R&D compared to that of non-banking sources and capital market. In other words, the fund received from formal banking source raises innovation, and, thereby, exportability of firms and financing from other sources involve higher cost and limit innovation capacity and exportability. Analysis of firm-level database provided by the World Bank Enterprise Survey confirms that firms depend more on formal banking source for investment in innovation, and this is found to be significant in explaining innovation and exportability. JEL Codes: F20, F36

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Shohih, Hadist, and Ro’fah Setyowati. "PERSPEKTIF HUKUM ISLAM MENGENAI PRAKTIK GHARAR DALAM TRANSAKSI PERBANKAN SYARIAH." Dialogia Iuridica: Jurnal Hukum Bisnis dan Investasi 12, no. 2 (April 20, 2021): 69–82. http://dx.doi.org/10.28932/di.v12i2.3323.

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The industrial era 4.0 has presented sophisticated online transactions, this has also brought changes to the banking and investment sector in Indonesia. The phenomenon of online transactions in banking and investment practices has made Islamic finance, which prohibits the concept of giving interest or usury, becomes "grey", in other words, unclear or uncertain. There is no prohibition in Islamic law for a contract, which is only related to something that is not certain. However, if something uncertain causes the other party to suffer losses and the other party gains, then it becomes gharar. This study raises a legal issue, namely how gharar practices in banking and investment in Indonesia. The research method used is normative juridical. The results of the study concluded that gharar should be avoided in banking and investment institutions because the practice of gharar has the potential to occur in all (commercial) business contracts. where there is incomplete information due to the uncertainty of both parties who transact and even change something that should be certain to be uncertain. So that to realize a good transaction system according to Islam, it needs support from Muslims, namely by applying the concept of investment in Islam. Islamic financial transactions must be constructed carefully and avoid things that are prohibited by Islam.

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Frame, W. Scott, Atanas Mihov, and Leandro Sanz. "Foreign Investment, Regulatory Arbitrage, and the Risk of U.S. Banking Organizations." Journal of Financial and Quantitative Analysis 55, no. 3 (April 1, 2019): 955–88. http://dx.doi.org/10.1017/s0022109019000267.

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This study investigates the implications of cross-country differences in banking regulation and supervision for the international subsidiary locations and risk of U.S. bank holding companies (BHCs). We find that BHCs are more likely to operate subsidiaries in countries with weaker regulation and supervision and that such location decisions are associated with elevated BHC risk and higher contribution to systemic risk. The quality of BHCs’ internal controls and risk management plays an important role in these location choices and risk outcomes. Overall, our study suggests that U.S. banking organizations engage in cross-country regulatory arbitrage, with potentially adverse consequences.

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Basov, Suren, and M. Ishaq Bhatti. "On Sharia’a-compliance, positive assortative matching, and return to investment banking." Journal of International Financial Markets, Institutions and Money 30 (May 2014): 191–95. http://dx.doi.org/10.1016/j.intfin.2013.12.010.

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Journal articles on the topic '3502 Banking, finance and investment'

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