Dissertations / Theses on the topic 'Bank investment'
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 dissertations / theses for your research on the topic 'Bank investment.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse dissertations / theses on a wide variety of disciplines and organise your bibliography correctly.
Nieuwoudt, M. M. "The strategy of PSG investment bank." Thesis, Stellenbosch : Stellenbosch University, 2003. http://hdl.handle.net/10019.1/49391.
Full textENGLISH ABSTRACT: PSG Investment Bank started out of the PSG Group in 1998. It was a successful enterprise that was rated highly by the public, institutions and employees. Through 1999, there was a struggle on executive level over the strategy that PSG Investment Bank should follow. The struggle culminated in 2000 with the resignation of the founder of PSG Investment Bank. The remaining executives put their strategy in action during 2000 and 2001. External factors made the environment difficult during late 2001 and 2002 and PSG Investment Bank was not able to respond in such a way that it could ensure its own survival. PSG Investment Bank was sold to Absa in August 2002, resulting in PSG Investment Bank's closure and delisting in 2003. This study examines the strategy of PSG Investment Bank through its life according to a model for strategic management put forward by Burger (2000). The vision of PSG Investment Bank, the external environment that influenced PSG Investment Bank and the internal environment of PSG Investment Bank are analysed as well as the strategic issues and options utilised by PSG Investment Bank. The conclusion of the study is that PSG Investment Bank faced a tough external environment that needed a strong internal environment to be able to survive. By not managing the most important internal resources, the employees, correctly, management lost the ability to ride out the storm brought about by the external circumstances and were left with few strategic options but to sell PSG Investment Bank.
AFRIKAANSE OPSOMMING: PSG Beleggingsbank is in 1998 uit die PSG Groep gebore. Dit was 'n hoogs suksesvolle onderneming wat deur die publiek, institusies en werknemers gerespekteer is. Deur die loop van 1999 was daar 'n stryd op topbestuursvlak oor die strategie wat PSG Beleggingsbank moes volg. Hierdie stryd het in 2000 die bedanking van die stigter van PSG Beleggingsbank tot gevolg gehad. Die oorblywende bestuurders het hulle strategie gedurende 2000 en 2001 in werking geplaas. Eksterne faktore het die omgewing moeilik gemaak gedurende laat 2001 en 2002 en PSG Beleggingsbank kon nie daarin slaag om sodanig op te treë om sy eie oorlewing te verseker nie. PSG Beleggingsbank is in Augustus 2002 aan Absa verkoop wat veroorsaak het dat PSG Beleggingsbank gedenoteer is en sy deure tydens 2003 gesluit is. Hierdie studie ondersoek die strategie van PSG Beleggingsbank deur die loop van die onderneming se lewe aan die hand van 'n model vir strategiese bestuur soos voorgestel deur Burger (2000). Die visie van PSG Beleggingsbank, die eksterne omgewing wat PSG Beleggingsbank beïnvloed het en die interne omgewing binne PSG Beleggingsbank sowel as die strategiese kwessies en keuses wat PSG Beleggingsbank uitgevoer het, word bestudeer. Die slotsom van die studie is dat PSG Beleggingsbank 'n moeilike eksterne omgewing ondervind het wat 'n sterk interne omgewing benodig het om in te oorleef. Deur nie sy belangrikste interne hulpbron, sy werknemers, reg te bestuur nie, het die bestuur die vermoë verloor om die storm wat deur eksterne faktore veroorsaak is, uit te sit en het met min strategiese opsies oorgebly anders as om PSG Beleggingsbank te verkoop.
Pisaneschi, Maria L. "Significance of the European Investment Bank." [Tampa, Fla.] : University of South Florida, 2004. http://purl.fcla.edu/fcla/etd/SFE0000298.
Full textLazareva, E. "Modern problems of the investment bank loans." Thesis, Ukrainian Academy of Banking of the National Bank of Ukraine, 2009. http://essuir.sumdu.edu.ua/handle/123456789/61270.
Full textSathitsuksanoh, Noppadon Thompson Henry L. "Recent portfolio investment and central bank policy in Thailand." Auburn, Ala, 2008. http://hdl.handle.net/10415/1504.
Full textinh, Quang Vinh Quang. "Efficiency, investment and bank lending in transition and emerging economies." Thesis, Brunel University, 2010. http://bura.brunel.ac.uk/handle/2438/4523.
Full textvan, Schalkwyk Garth. "Mathematical models for optimal management of bank capital, reserves and liquidity." University of the Western Cape, 2019. http://hdl.handle.net/11394/6643.
Full textThe aim of this study is to construct and propose continuous-time mathematical models for optimal management of bank capital, reserves and liquidity. This aim emanates from the global financial crisis of 2007 − 2009. In this regard and as a first task, our objective is to determine an optimal investment strategy for a commercial bank subject to capital requirements as prescribed by the Basel III Accord. In particular, the objective of the aforementioned problem is to maximize the expected return on the bank capital portfolio and minimize the variance of the terminal wealth. We apply classical tools from stochastic analysis to achieve the optimal strategy of a benchmark portfolio selection problem which minimizes the expected quadratic distance of the terminal risk capital reserves from a predefined benchmark. Secondly, the Basel Committee on Banking Supervision (BCBS) introduced strategies to protect banks from running out of liquidity. These measures included an increase of the minimum reserves that the bank ought to hold, in response to the global financial crisis. We propose a model to minimize risk for a bank by finding an appropriate mix of diversification, balanced against return on the portfolio. Thirdly and finally, in response to the financial crises, the Basel Committee on Banking Supervision (BCBS) designed a set of precautionary measures (known as Basel III) for liquidity imposed on banks and one of its purposes is to protect the economy from deteriorating. Recently, bank regulators wanted banks to depend on sources such as core deposits and long-term funding from small businesses and less on short-term wholesale funding.
Кузьменко, Ольга Віталіївна, Ольга Витальевна Кузьменко, Olha Vitaliivna Kuzmenko, and В. О. Овчаренко. "Methods review for assessing the investment attractiveness of innovative bank technologies." Thesis, Sumy State University, 2020. https://essuir.sumdu.edu.ua/handle/123456789/81312.
Full textКузьменко, Ольга Віталіївна, Ольга Витальевна Кузьменко, Olha Vitaliivna Kuzmenko, and В. О. Овчаренко. "Methods review for assessing the investment attractiveness of innovative bank technologies." Thesis, Sumy State University, 2020. https://essuir.sumdu.edu.ua/handle/123456789/80936.
Full textHagberg, Johanna, and Marigona Resteljica. "SME financial aid opportunities: The role of Bank investment evaluations from a real options lens : a qualitative study on how banks evaluate investment opportunities based on a real option approach." Thesis, Högskolan Kristianstad, Sektionen för hälsa och samhälle, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:hkr:diva-12845.
Full textKnaese, Birgit. "Das Management von Know-how-Risiken : eine Analyse von Wissensverlusten im Investment Banking einer Großbank /." Wiesbaden : Dt. Univ.-Verl, 2004. http://www.gbv.de/dms/zbw/377384410.pdf.
Full textHöwer, Daniel [Verfasser], and Konrad [Akademischer Betreuer] Stahl. "Firms and their main banks : Effects of main bank characteristics on firms' bank choice, R&D investment, and survival / Daniel Höwer. Betreuer: Konrad Stahl." Mannheim : Universitätsbibliothek Mannheim, 2013. http://d-nb.info/1041832354/34.
Full textVeerapa, Koosrajoo, and nveerapa@yahoo com. "Putting knowledge in the bank: A new perspective on Corporate Social Investment." RMIT University. Global Studies, Social Sciences and Planning, 2006. http://adt.lib.rmit.edu.au/adt/public/adt-VIT20080702.162807.
Full textMatamba, Itani. "Estimating the cost of deposit insurance for a commercial bank following an optimal investment strategy." University of Western Cape, 2020. http://hdl.handle.net/11394/7845.
Full textCommercial banks play a dominant role in facilitating the economic growth of a country by acting as an intermediary between the de cit spending unit (borrowers) and the surplus spending unit (lenders). In particular, they transform short-term deposits into medium and long-term loans. Due to their important role in the economy and the nancial system as a whole, commercial banks are subject to high regulation standards in most countries. According to an international set of capital standards known as the Basel Accords, banks are required to hold a minimum level of capital as a bu er to protect their depositors and the nancial market in an event of severe unexpected losses caused by nancial risk. Moreover, government regulators aim to maintain public con dence and trust in the banking system through the use of a deposit insurance scheme (DIS). Deposit insurance (DI) has the e ect of eliminating mass withdrawals of deposits in an event of a bank failure. However, DI comes at a cost. The insuring agent is tasked with estimating a fairly priced premium that the bank should be charged for DI.
Москаленко, О. В. "Шляхи забезпечення привабливості банківського інвестиційного кредитування". Thesis, Українська академія банківської справи Національного банку України, 2007. http://essuir.sumdu.edu.ua/handle/123456789/60651.
Full textThe factors that contribute to the growth of the share of bank investment loans in financing the development of the Ukrainian economy are considered.
Arkhipov, Ivan, and Marina Boltenko. "Investment Under Uncertainty : Risk Assessment in Emerging Market Countries." Thesis, Jönköping University, JIBS, Economics, 2009. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-8029.
Full text
The overall purpose of the paper is to see how crediting institutions assess risks in emerging market countries. The paper describes prevalent economic and social conditions for each of the selected emerging market countries (Brazil, China, Kazakhstan, India, Russia and Ukraine) as examples of recent attractive investment locations in quest of higher returns. Second, recognizing the importance of ratings for risk management in credit institutions, the authors show what determines country ratings made by main rating agencies by running a linear regression on several macroeconomic indicators and the country ratings. It is also explained what the most widely-used ratings mean and described the correlation between the ratings as well as between the macroeconomic indicators and the ratings. The authors also describe the characteristic approach of a Scandinavian bank towards dealing with risk factors in emerging market countries. Concluding comments: risks happen to be inbound in the bank interest rates; there is no common pattern for banks to apply to all the emerging market countries and each market should be analyzed separately. Nordic banks have a relatively safe and careful strategy concerning lending in the emerging markets.
Grundke, Peter. "Integrated market and credit portfolio models risk measurement and computational aspects." Wiesbaden Gabler, 2006. http://d-nb.info/987215159/04.
Full textГрищенко, О. С. "Основні напрямки визначення стратегічної позиції банку на інвестиційному ринку". Thesis, Українська академія банківської справи Національного банку України, 2008. http://essuir.sumdu.edu.ua/handle/123456789/61680.
Full textБрус, С. І. "Інвестиційні послуги банків України: погляд на 2010 рік". Thesis, Українська академія банківської справи Національного банку України, 2009. http://essuir.sumdu.edu.ua/handle/123456789/61594.
Full textПерзеке, Н. Б., та И. А. Федоров. "Оценка эффективности банковского инвестиционного кредитования". Thesis, Українська академія банківської справи Національного банку України, 2010. http://essuir.sumdu.edu.ua/handle/123456789/62269.
Full textWhen deciding on the provision of investment loans, the deciding factor is the assessment of the effectiveness of such loans.
Грищенко, О. С. "Особливості формування стратегії забезпечення ефективної інвестиційної діяльності банку в умовах невизначеності". Thesis, Українська академія банківської справи Національного банку України, 2010. http://essuir.sumdu.edu.ua/handle/123456789/60417.
Full textThe thesis is devoted to the peculiarities of forming a strategy for ensuring effective investment activity of the bank in conditions of uncertainty.
Мусієнко, О. М. "Сучасні тенденції та підвищення ефективності банківського посередництва на інвестиційному ринку". Thesis, Українська академія банківської справи Національного банку України, 2008. http://essuir.sumdu.edu.ua/handle/123456789/60964.
Full textЛєонов, Сергій Вячеславович, Сергей Вячеславович Леонов та Serhii Viacheslavovych Lieonov. "Сучасні тенденції спеціалізованого інвестиційного банкінгу". Thesis, Українська академія банківської справи Національного банку України, 2008. http://essuir.sumdu.edu.ua/handle/123456789/59949.
Full textMolewa, Kholofelo. "Is renewable engery a suitable investment choice for South African non-bank institutional investors?" Master's thesis, University of Cape Town, 2017. http://hdl.handle.net/11427/25172.
Full textDurisin, Boris. "Global investment banking : competing on knowledge assests in the quest for competitive advantage /." Bamberg : Difo-Druck, 2001. http://aleph.unisg.ch/hsgscan/hm00151358.pdf.
Full textBermpei, Theodora. "The impact of risk, fees, corporate governance and unconventional monetary policy on investment bank performance." Thesis, University of Sussex, 2016. http://sro.sussex.ac.uk/id/eprint/60869/.
Full textHan, Seung. "INTERNAL CAPITAL MARKETS AND BANK RELATIONSHIP - EVIDENCE FROM JAPANESE CORPORATE SPIN-OFFS.INTERNAL CAPITAL MARKETS, INVESTMENT." Doctoral diss., University of Central Florida, 2005. http://digital.library.ucf.edu/cdm/ref/collection/ETD/id/3306.
Full textPh.D.
Department of Finance
Business Administration
Business Administration: Ph.D.
Верней, О. Є. "Банківське кредитування інвестиційної діяльності: аналіз тенденцій". Thesis, Українська академія банківської справи Національного банку України, 2009. http://essuir.sumdu.edu.ua/handle/123456789/61699.
Full textЗадойко, М. П. "Інвестиційна діяльність комерційного банку". Thesis, Одеський національний економічний університет, 2021. http://local.lib/diploma/Zadoiko.pdf.
Full textУ роботі розглядаються теоретичні аспекти економічних категорій «інвестиційна діяльність» та «інвестиційний портфель», а також методи оцінки ефективності управління інвестиційним портфелем комерційного банку. Проаналізовано діяльність комерційних банків на інвестиційному ринку України. Проведена оцінка фінансової та інвестиційної діяльності АТ «Альфа-Банк». Запропоновано заходи вдосконалення інвестиційної діяльності АТ «Альфа-Банк».
The paper considers the theoretical aspects of the economic categories "investment activity" and "investment portfolio", as well as methods for assessing the effectiveness of investment portfolio management of a commercial bank. The activity of commercial banks in the investment market of Ukraine is analyzed. The financial and investment activity of JSC "Alfa-Bank" is analyzed. Measures to improve the investment activities of JSC "Alfa-Bank" are proposed.
Böh, Wolfgang. "Die Aufklärungspflicht einer Bank bei der Finanzierung einer Beteiligung an einem geschlossenen Immobilienfonds /." Frankfurt ; New York : P. Lang, 2007. http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&doc_number=015519905&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA.
Full textEl-Bannany, Magdi Ahmed. "Investment in information technology systems and other determinants of bank performance in the UK and Egypt." Thesis, Liverpool John Moores University, 2002. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.521756.
Full textNogueira, Nora Pelamo de Ibérico. "Multilateral development banks: comparisons between the European Investment Bank and the New Development Bank." Master's thesis, 2021. http://hdl.handle.net/10284/9948.
Full textIn today's world, multilateral development banks (MDBs) are among the largest global contributors for development, by using multilateral mechanisms to prevent global crises or rebuild more sustainable infrastructures. Due to geopolitical power shifts and stretching mandates, the MDBs can be found challenged by their own mechanisms going forward. This master dissertation aims to analyse the current stance of the MDBs by comparing the European Investment Bank (EIB) and the New Development Bank (NDB), thus trying to establish whether or not their functions achieve similar results.
Kuo, Jen-chang, and 郭仁彰. "The Risk Assessment of Mainland China Bank Equity Investment Strategy for Taiwanese Banks- F Bank Example." Thesis, 2012. http://ndltd.ncl.edu.tw/handle/62498261692782900097.
Full text東吳大學
EMBA高階經營碩士在職專班
100
This study investigated a risk assessment for Taiwanese bank shares of Mainland China bank, through field visit information and discussions of mergers and acquisitions with financial market professionals. I hope by this way in-depth to explore the process of Taiwanese banks in assessing Mainland China banks, as well as the hidden risk factors inside Mainland China banks. Meanwhile, by the professional financial view from the third person erspective, we can understand Taiwanese financial institutions shares of Mainland China banks in the whole picture and cross-strait bank differences, rendering a broader, clearer, and more appropriate status of risk. This article discusses the Taiwanese bank make Mainland China bank equity participations. (1) About Mainland China Urban Banks, the city government-related business deposit and loan rates are too high. The concentrated dependence on the government business is too much. The local government debt concentration of credit risk is big. (2) The original shareholders are most for local governments and nation-owned enterprises. The main purpose of the release of shares are the introduction of strategic investors. The strategic partners are with business experience or they can increase of their market dominance. By the proportion of the release shares which is subject to PRC laws limit, by the control of the party organization or management rights by the local government, a Taiwanese bank shares low degree of the actual operating. So, the agency costs may result in an investment risk booster to a Taiwanese bank. (3) The recognition and treatment of the bad assets in Mainland China banks and whether through the financial practices of earnings management are hidden in the financial statements. So, the Taiwanese bank equity participation acquisition cost becomes higher. The conclusions and the recommendations are Taiwanese banks should continue to grow. The equity participation of Mainland China bank is a necessary option to increase Mainland China market share. For equity participations of Mainland China banks, be sure to join local financial advisors and legal counsels to assist in assessing the financial health of Mainland China banks, to avoid high prices to find a regular partner. The actual initial profit of equity participation in Mainland China banks is very small. However, the Taiwanese banks can greatly reduce the learning time and cost of implementation of the Chinese market. The cross-strait financial supervisions vary considerably. Taiwanese banks should always focus on cross-strait political trends. The potential importance of the rule is far more than the general rules of the mergers and acquisitions. The advantages of Taiwanese banks to do Mainland China bank equity participations depend on operation management thus indirectly to obtain equity bargaining power, but not to over look forward to getting the Mainland China bank control rights. Instead, Taiwanese banks should more concern about the project items which shared object can operate to obtain the concept of commercial sale in the Mainland China, rather than the foreign investment in China.
Tvarohová, Renata. "Investiční bankovnictví." Master's thesis, 2014. http://www.nusl.cz/ntk/nusl-340576.
Full textKing, Su-Shin, and 金淑欣. "Investment Bank Market Efficiency in Financial Crisis." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/35505238806509577447.
Full text國立臺灣大學
財務金融學研究所
99
In this study the convergence process toward market efficiency of the stocks during the financial crisis in September 2008 is our main investigation target. We aim to investigate how long it will take for investment banks stocks to achieve efficiency, especially when it comes to in the situation of market turbulence before and after Lehman Brothers Holdings, Inc filed for Chapter 11 bankruptcy protection. From our empirical finding, there exists Cross-Effect which stands for market maker hedging effectively within two different investment banks stocks, and by doing this it also exhibits strong capacity of market maker to control over two stocks’ inventory in same industry. Contrary to Cross-Effect, Autocorrelation-Effect shows better volatility control power, diminishing the price return volatility. Although we find out the relation of contemporaneous order imbalance and price return is turning to be negative with time interval getting larger in Autocorrelation-Effect which is opposite compare to previous studies, we see convergence efficiency in overall selected stocks.
Lu, Yung-Yu, and 盧永裕. "Analysis of Bank,s Government Bond Investment." Thesis, 2008. http://ndltd.ncl.edu.tw/handle/08001662469053350379.
Full text國立中央大學
財務金融學系碩士在職專班
96
“As the oil price keeps staying at a high level and that of commodities continues to rise, the prices of domestic oil-related products still have an upward pressure. The inflationary risk goes up and the real interest rate remains low. Under the circumstance of solid economic growth, the monetary policy should return to a neutral position, which can stabilize the prices of commodities, facilitate the reasonable capital allocation, and stabilize the long-term finance. As a result, the board decided to raise the discount rate, the rate on accommodations with collateral, and the rate on accommodations without collateral by 12.5 basis points respectively.” is constantly repeated in the quarterly minutes of board meeting of the Central Bank of Republic of China from March 2006 to December 2007. All of these facts cause the YTM of 10 years keeping rising, which enlarge the unrealized loss for the government bond positions in the banks. The investment opportunities for banks are quite limited, and the government bond becomes one of the best targets because of its advantages of safety, liquidity, and profit-taking. Therefore, I would like to discuss which kind of investing strategy of government bond is the best for banks. After the analysis in this dissertation, banks should have the buy-hold strategy but use the hedging one at the same time to optimize the profits and reduce the risks. The main concern for the buy-hold strategy is for the businesses related with the government bonds. Government bonds positions of banks are usually used to do the R/P business. When the YTM goes up, we cannot sell most of these government bonds because the bond market is very shallow in Taiwan. As a result, we can only use the hedging strategy to lower the losses. Overall, after considering the excess capital allocation in the banks, the government bonds’ being used as the liquid reserve requirement, and the businesses of R/P with branches clients, banks still need to have the buy-hold strategy but use the short-term positions of government bonds to do the R/P businesses. As a result, banks can achieve the goal of optimizing the profits and lowering the risks in the government bond investment.
Lin, Hueh-Chen, and 林慧貞. "Bank Diversification,Financial Constraints and Firm Investment." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/21713010928731452573.
Full text國立雲林科技大學
財務金融系
103
This paper studies whether or not investment decisions are affected by financial constraints and examines the effects of bank diversification on firm investments and financial constraints in Taiwan from 1991 to 2013. Firstly, the empirical evidence shows that the firm investment decisions are affected by financial constraints as well as a positive sensitivity of investment to cash flow. Secondly, the bank diversification significantly reduced the firms’ financial constraints on investment. This effect appears more pronounced for the financial constraint firms that exhibit low levels of sensitivity of investment to cash flow. Finally, the bank multi-diversification will have more effects on mitigating the firms’ financial constraints on investment than those of the bank single-diversification. Based on the empirical findings, the strategy of bank diversification is proposed in the bank-based financial system because of leading to easing the borrowing firms’ financial constraints.
"Two essays on banking incentive and firm investment." Thesis, 2008. http://library.cuhk.edu.hk/record=b6074702.
Full textEssay two. In this study, we examine whether and how incentives in bank lending, in emerging market like China, influence firms' investment behaviors, the key determinant of firms' productivity. First, being connected with bureaucrats provides firms with a comparative non-economic advantage of access to debt in China. Our empirical results show that loans granting to political connected firms is less sensitive to those firms' profitability, which is consistent with "rent-seeking" hypothesis. Second, political connection is a violated factor in debt markets and politically connected lending is accompanied by less monitoring posted by banks. Consequently, we find that firms with political tie invest less efficiently than firms without political tie when they can access to abnormal debt through political tie. Moreover, the negative relation between politically connected lending and firms' investment efficiency is stronger for SOE firms and low growth firms. Finally, we find that region development with regard to financial development and government quality improvement reduces politically connected lending's negative impact on firms' investment efficiency. In sum, soft lending, like politically connected lending, destroy economic growth because of misallocation of scary resources among firms and also because of less incentive to monitor firms' project selection.
essay 1. Bank ownership structure, bank regulation, and firm investment: international evidence -- essay 2. Bank lending incentives and firm investment decisions in China.
Zheng, Ying.
Adviser: Joseph P.H. Fan.
Source: Dissertation Abstracts International, Volume: 70-06, Section: A, page: 2173.
Thesis (Ph.D.)--Chinese University of Hong Kong, 2008.
Includes bibliographical references (leaves 88-90).
Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web.
Electronic reproduction. [Ann Arbor, MI] : ProQuest Information and Learning, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web.
Electronic reproduction. Ann Arbor, MI : ProQuest dissertations and theses, [201-] System requirements: Adobe Acrobat Reader. Available via World Wide Web.
Abstracts in English and Chinese.
School code: 1307.
Lin, YuHsin, and 林郁馨. "Commercial Bank in Investment Bank Underwritings: Certification Effect or Conflicts of Interest." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/60792323251748961872.
Full text國立臺灣大學
商學研究所
89
This study discusses the reasons for and against banks'' extending securities power, especially underwriting activities. We discuss several reasons alleged by proponents of extending bank powers and explore the empirical literatures that examine the real effect of above reasons. The empirical results show that most of the alleged effects in extending bank powers are not significant. In addition, we discuss the conflicts between commercial banking and investment banking and explore the empirical literatures that examine the conflicts of interest effect in banks'' underwriting activities. This study focuses on the certification effect and conflicts of interest effect in Taiwan''s banks’ underwriting activities. We conduct t-test and OLS regression to examine the certification effect and conflicts of interest effect in bank underwritings comparing to securities firm underwritngs. We find that the certification effect of commercial banks in underwritings is not significant by using t-test. The results of multiple regression show that more underwriters could lead to reduction in returns. There is no significant evidence of the differences in yields between bank underwritings and securities firm underwritings.
王美嘉. "A study of investment bank regulations in Taiwan." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/txhug3.
Full textYeh, Fan-Wei, and 葉凡維. "International Investment Bank Market Efficiency in Financial Crisis." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/89306895133032392303.
Full text國立臺灣大學
財務金融學研究所
98
Market efficiency has attracted much interest for years, and with a view toward better understanding of how stock prices move and the process of market efficiency, previous literatures have documented extensively the relation between trading activities and stock returns. In this paper, we use order imbalances as the proxy for trading activities. The main purpose of this study is to investigate the convergence process toward efficiency of international investment banks across the stock market, particularly during the financial crisis in September 2008. First, we perform two multi-regression models in order to examine the relation between stock returns and imbalances. One model, which uses only lagged order imbalances as the explanatory variables, shows that the impacts of lagged imbalances are positive across different stocks. The other model, which includes one contemporaneous order imbalances in addition to four lagged imbalances, shows that no reversal of lagged imbalance coefficients are present in our empirical results. The results are inconsistent with prior literatures, which may indicate rather different behavior of investors during the crisis. We also perform a GARCH(1,1) model in consideration of the potential weakness of OLS multi-regression model, and find that the positive relation between returns and imbalances still exists but is significantly smaller. The convergence process toward efficiency is observable in both OLS regression and GARCH(1,1) model, and the apparent discrepancy in percentage of positive coefficients implies a large part of the explaining power in OLS regression is from volatility during financial crisis. Then, we apply the GARCH(1,1) model to examine the relation between volatility and order imbalances. Small but negative relation between imbalances and volatility is found, and may be attributed to the declining market. We also find the impact of imbalances on volatility almost fades away within 15 minutes, which suggests that market makers have good ability to control inventory across stocks. Finally, we try to construct a trading strategy based on imbalances. Unfortunately, the returns are generally small and cannot beat the market during the crisis.
Le, Roux Charl. "Motivational drives of employees at an investment bank." Thesis, 2008. http://hdl.handle.net/10210/754.
Full textDr. K. Stanz
"Investment bank reputation and compensation in equity issues." Tulane University, 2003.
acase@tulane.edu
CHUNG, MING-CHE, and 莊明哲. "THE STRATEGISE FOR TAIWAN INDUSTRIAL BANK TO DEVELOP INTO AN INVESTMENT BANK –CASE STUDY OF INDUSTRIAL BANK OF TAIWAN." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/46937189030001397516.
Full text國立臺北大學
企業管理學系碩士在職專班
93
The industrial bank of Taiwan (IBT) functions similar to the investment bank overseas, covering mortgage lending, securities investment, direct investment, underwriting securities and financial consulting and so on. In recent years, the government worked on consolidating the financial industry as the world market trend towards large financial institutions. In November 2001, “Financial Holding Company Law” was released, it is established to encourage merger and acquisition in financial industry, therefore large financial institutions were formed. The most significance is for these institutions to join two business areas, banking and securities, two conflict areas to work together and generate more efficient profit for the whole institution. This research investigates the challenge faced by industrial banks. As more and more financial institutions are formed and securities brokers transforms to become one of the investment banks, industrial banks are required to utilize its core competitiveness to compete and also create new advantage to be able to sustain its position or market share in the financial market for long term. It also studies how industrial banks face new challenges and adjust its strategy to compete, and the directions of its future growth. Based on the core competitiveness of each studied bank, this research is investigating its competition advantages on creativity, sustaining, strategy-making and future growth plan. As listed below: 1. Creativity of competition advantage (1)Develop differentiation (2)Establish brand image 2. Sustaining of competition advantage (1) Enlarge the gap from other competitors A. Develop and enhance the professionalism and creativity of the employee B. Simplify standard of procedure, Improve the efficiency reacting to customers’ request (2) Block other competitors from entering or imitate the business A. Keep valuable employee by providing excellent working environment (3) Keep looking for new product A. Utilize experts to develop new financial product 3. Actions taken on competition (1) Study domestic market pricing trend and product line competition (2) Enter overseas market by investment or strategy integration 4. Future growth (1) Become integrated financial institution by merging and acquisition (2) Extend existing business to become a true investment bank
Liu, Fang-Chun, and 劉芳君. "Can Automatic Teller Machine Investment Improve Bank Cost Efficiency?" Thesis, 2005. http://ndltd.ncl.edu.tw/handle/91615776917106622243.
Full text國立中正大學
會計學研究所
93
There are plentiful studies discussing the relationship between information technology (IT) investment and firms’ performance. As the well-known representative of IT investment, the banking industry is a highly information sensitive industry and needs to invest heavily in IT to improve its operating efficiency and customer satisfaction. Therefore, this paper aims to examine the relationship between automatic teller machine (ATM) investment, standing for the well-known IT application in banking industry, and cost efficiency of banks. However, previous literatures related to ATM usually use dummy variables representing the introduction of ATM to measure the operating efficiency. This sort of measurement can only provide limited description to explain the feedback of ATM on bank cost efficiency. Thus, in order to improve the inadequacy of past studies, we collect the actual number of ATMs, operating data, and extract financial data of banks from their annual reports in this research. The empirical results confirm our hypothesis that the intensity of ATM has positive effect on cost efficiency of banks. In addition, we found that bank scale is also positively related to cost efficiency, while non-performing loans and salary level have negative impact. We believe that these results can provide important implications for banks, ATM firms, and researchers to better understand the relationship between innovative IT investment and firms cost efficiency.
Lin, Yun-Son, and 林雍善. "Case Study on selling Investment Linked-Insurance through Bank." Thesis, 2003. http://ndltd.ncl.edu.tw/handle/86519941374095797459.
Full text國立中央大學
財務金融學系碩士在職專班
92
Investment-linked insurance policy is a financial product providing insurance and investment. This innovative product includes functions of a life-insurance policy, securities investment and asset management. Emerging problems in Taiwan banking industry, such as fierce competition, tiny trading spread, earnings and profitability down, aggressive penetration of local market share by foreign banks, create opportunities for wealth management. Hence, more and more local banks focus on their own wealth management sectors. The growing wealth management sector brings banks handsome fee-income and no risk. The 2003 sales account for ten folds that of 2002. The buying spree on sales in the product greatly profits local banks. The sale of insurance policy through banking service channels attributes its success to the following reasons: 1.Long-term strategic alliance between banks and insurance companies create win-win situation. 2.Smooth operation flows through insurance companies to banks. 3.Broad access to banks’client database to find target customers. 4.Increase fee-income and reduce interest expense. 5.Investment-linked insurance policy guarantees principal and interests, which earns more than term-deposits. 6.Emphasizing the importance of risk management by disclosing policy’s risk.
She, Wan-Chi, and 佘婉綺. "Bank Risk Control and Decisions on Government Bond Investment." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/09215532902694127748.
Full textWang, Wan-Chun, and 王婉純. "The Relationship between the Investment Bank Governance and Performance." Thesis, 2006. http://ndltd.ncl.edu.tw/handle/40965936671281333851.
Full text國立東華大學
企業管理學系
94
The major purpose of this research is to construct corporate governance index of Taiwan investment bank industry. I use Three-Stage Least Squares (3SLS) to analyze whether investment bank implement sound corporate governance can enhance operating performance or not. Research report indicates that investment bank implement sound corporate governance can improve their profitability effectively. Particularly corporate governance can enhance operating performance of three major departments (agency, declare, underwriter). Board composition and responsibility, information transparency and supervise power are positive relationship with performance. Besides, when interest conflict of investment bank is lower, it means possibility of investment bank to sacrifice investor’s right for their interest will be lower. . Respect investor’s interest can increase Return of Investment Capital (ROIC). This research result can provide management to make decision and resource allocation appropriately. But currently Taiwan investment bank’s implementation of corporate governance are not sufficient, we suggest government to provide related system and guide them physical method . Furthermore, government supposes to build system of reward and punishment for investment bank, so they will probably emphasis corporate governance initially.
Hsieh, Chia-Yu, and 謝佳佑. "Investment, Monetary Policy and Bank Competition in Asian Countries." Thesis, 2014. http://ndltd.ncl.edu.tw/handle/78154359740304764180.
Full text國立暨南國際大學
國際企業學系
102
This paper analysis how bank competition affect the relationship between monetary policy and investment in China, Philippine, Singapore, South Korea and Thailand. The main findings from the pooled model are threefold. First, a change in the user cost of capital, which in turn affect by interest rates, has both statistically and economically significant negative effect on investment. However, the result varies in each country. Second, bank competition affects investment significantly. Third, the firm-specific interest rates are affected by changes in market interest rates, which are related to monetary policy. Overall, expect Thailand, the effects of the user cost on investment suggest that the interest rate channel of monetary policy is operative in these Asian countries. Changes in the level of interest rates have an impact on firm’s investment through the user cost of capital.
Jiang, Tao, and 江濤. "Study on the Investment Value of Ping An Bank." Thesis, 2015. http://ndltd.ncl.edu.tw/handle/02642288843828703720.
Full text國立臺灣大學
臺大-復旦EMBA境外專班
103
With the deepening of China’s financial reform, various types of capital operation between commercial banks have become more and more frequent. In order to effectively implement these activities, accurate assessment of the value of commercial banks has become a primary problem. Taking Ping An Bank as the research object, this paper carries out a detailed study on its investment value. Specifically: First of all, This paper conducts an all-round analysis on China’s financial and economic environment, the banking industry, as well as the current situation of Ping An Bank, and holds that the external environment confronting Ping An Bank is full of both challenges and opportunities; meanwhile Ping An Bank has formed its own core competitiveness; in view of the relatively obvious advantages boasted by Ping An bank itself, it will have adequate capability to exert its advantages to create value by to seizing the opportunity, while alter the inferior position and avoid risk, and achieve greater development in six major business areas such as retail business, capital business, investment banking, small business financial services, and comprehensive financial business. Secondly, based on the third quarterly report for 2014 announced by Ping An Bank, this paper carries out a detailed study on the from the financial condition of Ping An Bank from the perspective of assets status and profitability, accompanied by comparison with the other 15 listed banks. The comparative analysis reveals that the supervision index of Ping An Bank are in line with the state supervision requirements, and Ping An Bank is a commercial banks with relatively optimized assets and liabilities structure, stable asset quality, strong profitability, and scientific risk control ability, exhibiting relatively fast growth. Under the guidance of forward-looking and scientific corporate strategy, Ping An Bank boasts rather huge development potential. Thirdly, this paper adopts the income approach and market approach respectively to assess the value of Ping An bank. According to the income approach, the value of Ping An Bank stands at 19.20 Yuan per share; while according to the market approach, the value of Ping An Bank stands between 11.61 Yuan to 13.38 Yuan per share. On March 9, 2015, the closing price of the share of Ping An Bank is 14.15 Yuan indicating that its share price is within reasonable scope of investment. Finally, based on the above findings, this paper evaluates the investment risks facing Ping An Bank from the perspective of macro economic risk, the risk of monetary policy, the risks confronting the banking industry, as well as the risks interfering the development of Ping An Bank, thus providing reference and recommendations for potential investors.
Kao, Pei-Ru, and 高培儒. "Bank Capital Requirement, Financial Contagion and Corporate Investment Efficiency." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/28263662758968657889.
Full text臺灣大學
財務金融學研究所
98
In this thesis, I examine the connections of stock market, banking and corporate investment. Santos(2009) investigates the subprime crisis of 2008. He finds that firms borrowed from bank pay higher interest after the crisis happened. In addition, the increase is higher for those firms that have borrowed from banks which incurred much more losses in the crisis. Ihis implies that bank will change their loan policy accroding to the financial condition, including capital adequate ratio, of bank. However, won''t bank''s loan policy affect the prices of securities market? Thakor(1996) finds that bank''s decision to grant loan will cause a positive abnormal return of borrower''s stock price. Also, this abnormal return will be larger if the bank''s capital constrainted is severer. This implies that bank''s loan decision and capital adequate ratio will affect the prices of securities market. However, won''t the prices change of securities market affect the bank''s loan decision? In this thesis, I connect the stock market, banking and corporate investment by government''s capital requirement on bank. Investigating the connections of these three areas is my main contribution. The key of this thesis, capital adequate ratio, makes bank have to consider three factors when bank makes loan decision. The first one is the return and risk of the loan case. The second one is risk of bank''s existing asset portfolio. Third is the possibility of passing capital reqiurement and the incurred government''s penality if bank fail to pass. Therefore, bank will recieve the information about the risk of bank''s existing asset portfolio from securities market. Then bank will make its loan decision accroding to the information. However, this decision may be distorted. (1)Over Conservation (2)Risk Taking When the prices in securities market change, it will make the prices of two firm to be correlative through bank''s capital adequate ratio even if their cash flows are independent in equilibrium. (1)positive correlative (2)negative correlative The reason for positive correlative is that bank''s loan decision will not be distorted after the prices of securities market rise, but will be distorted after the prices fall. On the contrary, the reason for negative correlative is that bank''s loan decision will be distorted after the prices of securities market rise, but will not be distorted after the prices fall. The overconservative loan decision of bank will not always lead to positive correlation among stock prices in the securities market, it might also lead to the negative correlation in the securities market. Similarly, taking too much risk while making loan decision will also lead to the same effect as the overconservative loan decision. To sum up, when bank has concern about passing capital requirement, bank will change its loan decision, and this will cause the contagion effect in the securities market. In the previous, there are many literatures about distorting bank''s loan decision by capital requirement and contagion effect in securities market. But, there is no literature about contagion effect in securities market through bank''s capital requirement. This effect not only reduce the diversified-benefit of investor''s portfolio in secondery market but also affect the operation of corporates and real outputs in the world.