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1
Kerim, Abdul, John Alaji, and Idachaba Odekina Innocent. "Effect of Capital Structure on the Profitability of Listed Insurance Firms in Nigeria." American International Journal of Economics and Finance Research 1, no. 2 (2019): 36–45. http://dx.doi.org/10.46545/aijefr.v1i2.69.
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This study examined the effect of capital structure on profitability of listed insurance firms in Nigeria for the period 2013-2017 The study used correlation research design. The source of data which were collected from the published annual financial reports of studies listed insurance firms in Nigeria. The population of the study comprised of the 28 listed insurance firms. The sample size was fifteen (15) listed insurance firms in Nigeria. The data collected were analyzed with the aid of OLS multiple regression technique. Using 75 firm-year paneled observations, the result of the ordinary least square regression showed that short-term debt has a negative and significant effect on the profitability of listed insurance firms in Nigeria. In addition, long-term debt has a positive and significant effect on profitability. Finally, premium growth has positively significant effect on profitability of listed insurance firms. Based on the findings, the study recommends that the management of listed insurance firms should strive towards having optimum capital structure by increasing their equity level and reducing dependence on debts so as to avoid being cash strapped and debt ridden.
 JEL classification: C88, G22, G24, G29
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Dmytryshyn, Lesia, and Ivan Blahun. "A model for achieving the allocative efficiency of credit resources in Ukraine’s banking system." Banks and Bank Systems 11, no. 3 (2016): 8–16. http://dx.doi.org/10.21511/bbs.11(3).2016.01.
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The article presents a model for achieving the allocative efficiency of credit resources in Ukraine’s banking system. The research involves establishing a set of criteria for assessing a borrower’s creditworthiness and analyzing them by means of the discriminant analysis, Helwig’s methods, cluster analysis, the dendrite method, and principal component analysis; the methods are, then, contrasted. This is followed by designing an optimal credit portfolio of the banking system and comparing it with actual credit portfolios with the help of similarity metrics. Keywords: banking system, borrower’s creditworthiness, credit portfolio, statistical methods, similarity metrics. JEL Classification: G22, E51, C14, C18, C61
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Rahman, Md Mizanur, and Sakufa Chowdhury. "Does Micro Health Insurance Solve the Problem of Providing Accessible Healthcare to the Poor? Evidence from Niramoy Project, Bangladesh." Global Disclosure of Economics and Business 3, no. 1 (2014): 55–64. http://dx.doi.org/10.18034/gdeb.v3i1.171.
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Billion of people in the world are out of reach from the modern health care facilities and medicine. Micro health insurance is one of the methods of providing accessible health care facilities to the poor. Micro health insurance in Bangladesh provides basic health care at an affordable rate for the poor and the ultra-poor. The traditional insurance program consists of front cash at each stage of service delivery, but micro health insurance scheme with its partner-agent model based distribution channel cover the adequate risk protection, inclusivity of access, affordability and program sustainability. The results of the analysis showed that micro health insurance program in Bangladesh has improved at the present time, but the increased access cannot reduce the essential health-related costs of marginal household.
 JEL Classification Code: G22; J65
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Nwosa, Philip Ifeakachukwu, and Zainab Bolanle Mustapha. "The Dynamics of Insurance Development and Economic Growth in Nigeria." Indian Economic Journal 65, no. 1-4 (2017): 37–44. http://dx.doi.org/10.1177/0019466217727813.
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This study examined the dynamics of insurance development and economic growth in Nigeria for the period 1996–2014. Specifically, the study addressed two important issues: the impact of insurance development on economic growth and the causal nexus between insurance development and economic growth. The study utilised two techniques: ordinary least squares (OLS) and causality. The OLS regression estimate revealed that insurance development had an insignificant effect on economic growth, while the causality estimate showed a one-way causation from economic growth to insurance development. The study recommended that the government should put in place appropriate policies and regulations which would bring about sound development of the insurance sector. This would enhance the contribution of the insurance industry to the growth of the Nigerian economy. JEL Classification: E44, G22, O40
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Sasidharan, Soumya, V. K. Ranjith, and Sunitha Prabhuram. "Insurer’s Role in Intensifying Environmental Sustainability And Social Development." GATR Journal of Finance and Banking Review VOL. 6 (3) SEPTEMBER- DECEMBER 2021 6, no. 3 (2021): 126–33. http://dx.doi.org/10.35609/jfbr.2021.6.3(2).
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Objective – Sustainable insurance is the new concept that emerges in the current state, that every country adopting now. The objective of the study is to identify the insurance industry's role and contribution to promoting environmental sustainability. To outline sustainable insurance and sustainable/green products and services. Methodology – This paper explores the contribution of the insurance industry and its role in promoting environmental sustainability and social development. This is a theoretical paper, focused on the secondary sources of data from research publications, websites, books, journals, and articles. To achieve the objectives, this study will critically review previous literature and assess contemporary views from different perspectives. Findings– Various insurers are frequently focusing on their progress, enhancing their share of the market, and maintaining better risks to achieve marketplace success. Insurers should always be on the lookout for new ways to set themselves apart from the competition. The implication for insurers is that their actions matter a lot when it comes to environmental issues and providing green insurance solutions can open new business opportunities for the industry. The answer may lie in marketing new products related to potential climate change and the corresponding sustainability/green insurance. Novelty – Sustainable insurance is aimed primarily at developing innovative or green products and services, reducing risk, improving company efficiency, and supporting environmental, social, and financial sustainability. There hasn't been a general overview of the role of insurers in enhancing environmental sustainability and social development done yet. Theoretically, our work aids policymakers and other stakeholders in better understanding the role of insurers in enhancing environmental sustainability and social development. Type of Paper: Review JEL Classification: G20, G22, G23. Keywords: Insurance, Sustainability, Green insurance, Green products and services, Sustainable Development.
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Madiès, Philippe, Mathis Mourey, and Ollivier Taramasco. "L’interconnexion du système financier européen : le pire est-il derrière nous ?" Revue d'économie financière N° 150, no. 2 (2023): 289–306. http://dx.doi.org/10.3917/ecofi.150.0289.
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Nous proposons une réflexion sur la place de l’interconnexion dans l’évaluation du risque systémique. Comme nous le montrent les crises financières durant ces dernières décennies, la mesure de ce phénomène représente un enjeu stratégique, autant pour les États que pour les instances réglementaires et de supervision. Des récents travaux sur ce sujet laissent à penser que l’interconnexion au sein des systèmes financiers, c’est-à-dire la manière avec laquelle les agents économiques interagissent, constitue un élément clé du risque systémique. Nous montrons, sur la base d’une étude économétrique, la dynamique de l’interconnexion concernant le système financier européen, entre 2005 et 2018. Nous utilisons la grille de lecture, proposée par Kindleberger (1978) et Minsky (1982), pour analyser la place de l’interconnexion dans une crise financière. Les pics d’interconnexion observés lors de la crise des subprimes et lors de la crise souveraine européenne attestent de son importance. Cependant, l’aspect précurseur ou consécutif de l’interconnexion lors d’une crise systémique reste incertain. Classification JEL : G01, G21, G22, G23 .
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Prasad Joshi, Surendra, Rewan Kumar Dahal, Dipendra Karki, and Binod Ghimire. "Consumer Behavior and Decision-Making in Health Insurance Policy Purchases in Nepal." Nepalese Journal of Insurance and Social Security 7, no. 1 (2024): 100–115. https://doi.org/10.58665/njiss.66.
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Purpose: Health insurance serves as a lifeline with the prospect of financial security in the face of an insurance system, thinking that accidents in human life can occur at any time. This study analyzes the elements that influence people’s decisions to obtain health insurance coverage in Nepal. Design/methodology/approach: It used descriptive and causal research design based on primary data collected from 385 prospective insurance consumers. It employed correlation and multiple regression analysis to conclude. Findings: Findings show that there was a significant relationship between mental accounting, pricing, premium, brand trust, and risk perception with individuals’ insurance purchase decisions. Brand trust was revealed as the most powerful predictor,followed by mental accounting. Conclusion: The study concluded that financial concerns are important; trust in the insurance companies and consumers’ mental accounting of health-related expenses have a greater influence on purchasing behavior. Implications: This study emphasizes the importance of brand trust and mental accounting in health insurance decisions in Nepal. The findings support efforts to improve financial security and achieve universal health coverage. JEL Classification: D14, G22, I13, D91
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Amin, Md Ruhul, and Md Nahiduzzaman. "Performance Analysis of Mobile Banking During the COVID-19 Pandemic Period Comparing with the Pre-pandemic Period of Covid-19: An Empirical Study on Bangladesh." GATR Accounting and Finance Review 6, no. 1 (2021): 54–68. http://dx.doi.org/10.35609/afr.2021.6.1(2).
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Objective - Mobile banking is a growing activity to engage the non-banking people in the banking system in Bangladesh, so researchers of this paper try to find out how much it is affected by the Coronavirus (COVID-19). Basically, this study is developed to assess the performance of mobile banking during the COVID-19 pandemic period comparing with the pre-pandemic period. Methodology/Technique - Authors use descriptive statistics to evaluate the performance of mobile bank during the study period from 2014 to August 2020. Findings - This paper finds that during the COVID period the average change of monthly number of active accounts & registered clients have increased, on the other hand the average change of monthly number of agents have decreased at the same time. Except cash in & cash out, all other types of transactions proportion of mobile banking have increased during the COVID-19 period. Novelty - As the mobile banking is a key resource for banking people as well as non-banking people to transact financial things at setting at the house, so this paper will be beneficial for mobile banking service provider organization to assess the whole things of mobile banking at this ongoing period, and they can take necessary action. Type of Paper - Empirical. Keywords: Mobile Banking, COVID-19, Financial Performance, Bangladesh. JEL Classification: G21, G22. URI: http://gatrenterprise.com/GATRJournals/AFR/vol6.1_2.html DOI: https://doi.org/10.35609/afr.2021.6.1(2) Pages 54 – 68
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P, Chellasamy, and Sandhya D. "A Study on Performance Evaluation of Life Insurance Corporation of India." Shanlax International Journal of Commerce 7, S1 (2019): 123–26. https://doi.org/10.5281/zenodo.2552236.
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The life insurance corporation of India plays an important role in providing insurance protection against death and old age on the one hand and accelerating the growth of our economy. Safety and security have become a major concern for everybody. India has considerably developed economically but a section of people still feel unsafe and insecure. Insurance have come up as very important financial services in most part of the world. Insurance is one of the important segments in the economy for its growth. LIC Company provides long term funds that are essential for the development of personnel. This company has witnessed many phases of working, there are days when private sector companies initially then became nationalised. The LIC of India is also seriously competing with other private companies. In a way private players are trying to capture the market features of the LIC of India, which was enjoying a monopoly position for a long period of time. In this study the performance is evaluated. LIC has a capacity of taking up all the customers and return a huge profit. Its success process is determined by the terms of service they provide and it remains as a trusted company to invest for a secured future.
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Satuluri, Ramesh Kumar, and Raavi Radhika. "MEASURES TO IMPROVE LIFE INSURANCE PROFITABILITY IN INDIA." Indian Journal of Finance and Banking 5, no. 2 (2021): 98–105. http://dx.doi.org/10.46281/ijfb.v5i2.1046.
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With ~32 crore policies in-force and over ~11000 branches across locations, Life Insurance Industry in India is the 10th largest across the globe in terms of premium contribution. India's share in Global Life Insurance Market was 2.73% during 2019. The life insurance industry is also one of the largest employers with both direct and indirect employment. Life Insurance penetration in India is at 2.82% and density at 58 USD, which is way below the global statistics. This gives immense opportunity for global players to venture into the Indian insurance market. With a proposal for an FDI hike to 74%, we are expecting many big players to enter the Indian market. However, the attractiveness of the industry not depends solely on the market opportunity but also on the bottom line, which is profitability. Indian Insurance Industry is one of the highly regulated markets across the globe and perceived to be the lowest profit-making insurance market. Hence, the need for the study to improve the profitability of life insurance companies in India through structural and policy measures.
 JEL Classification Codes: G22, I13, O16, A10, E22, G10.
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Dieng, Momar Sylla, and Mouhamadou Fall. "Les déterminants de la demande d’assurance vie : le cas de l’UEMOA." Revue d’Economie Théorique et Appliquée 5, no. 1 (2015): 15–36. https://doi.org/10.62519/reta.v5n1a2.
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Résumé : Cet article cherche à déterminer les facteurs économiques et non-économiques susceptibles d’influer la consommation d’assurance vie, dans la zone UEMOA, tout en essayant de tenir compte des réalités socio-économiques et démographiques de la région. En utilisant les données de panel sur la période 2000-2011, il ressort de nos estimations que l’emploi, les ratios de dépendance jeune et vieux, l’espérance de vie, la liberté d’expression, le taux d’épargne, le ratio M2/PIB et l’urbanisation sont des facteurs affectant significativement la consommation d’assurance vie dans la Zone UEMOA. Mots clés : Assurance vie - consommation d’assurance vie - données de panel - UEMOA The determinants of life insurance consumption: case of WAEMU Abstract: This paper tries to determinate the economical and no-economical factors likely to influence the WAEMU’s life insurance consumption while trying to take into account socio-economical and demographical realities of the area. Using a panel data analysis during the period 2000-2011, we finds that indicators such as employment, life expectancy, the young and old dependency ratios, urbanization, saving rate and the financial development are factors affecting significantly the consumption of life insurance in WAEMU’s countries. Keywords: Life insurance - Life insurance consumption - Panel data – WAEMU JEL Classification: D12 - C22 - G22
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Lukić, Radojko. "Comparative Analysis Of The Efficiency Of The Insurance Market Of Serbia And Countries In The Region Using The Mabac Method." Revija za ekonomske in poslovne vede 12, no. 1 (2025): 3–17. https://doi.org/10.55707/eb.v12i1.141.
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In recent times, as is known, various methods of multi- criteria analysis have been used more and more to evaluate the efficiency of financial institutions as accurately as possible. One is the MABAC (Multi-Attributive Border Approximation area Comparison) method. Bearing this in mind, this paper analyzes the effectiveness of the insurance in the selected countries (Croatia and Slovenia) and Serbia, based on this method, to assess their international positioning. According to the results of the empirical research on the efficiency of the insurance markets in the selected countries and Serbia based on the MABAC method, the insurance markets of Croatia are ranked best. Serbia's insurance market is ranked second and Slovenia's third. In terms of performance, Serbian insurance market is less good than the Croatian and better than Slovenian. To improve the international position of insurance in Serbia in the future, it is necessary to develop an awareness of the general importance of insurance, especially life insurance, given that it is at a lower development level than in the countries with developed market economies, especially the European Union. In this context, it is necessary to encourage an accelerated growth of life insurance in Serbia by applying appropriate measures. JEL classification: C2, C6, G1, G2, G22.
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Abdelmajid, HADDAD, LYAMMOURI Youssef, and KINDO Hamidou. "Les stratégies et facteurs d'adoption des produits de Finance islamique en Afrique du Nord : Etude exploratoire des produits Takaful au Maroc." International Journal of Accounting, Finance, Auditing, Management and Economics 3, no. 6-2 (2022): 255–72. https://doi.org/10.5281/zenodo.7372515.
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La consommation des produits de la finance islamique par les clients africains est peu étudiée. C’est pourquoi les opérateurs de cette finance entrent dans le marché africain d’une manière prudente voire timide. Ceci s’explique par l’imprévisibilité des réactions du client africain. C’est dans ce sens que ce papier cherche à comprendre d’une part, le comportement des clients africains quant à l’adoption des produits de la Finance islamique. D’autre part, il cherche à comprendre comment les opérateurs de la finance islamique réagissent face à ce comportement. Ainsi, nous avons réalisé une étude exploratoire auprès des opérateurs d’assurance financière, selon une approche qualitative par étude de cas. Nous avons étudié la consommation d’un segment de la Finance islamique appelé « Takaful » dans un pays représentant de la région Nord de l’Afrique, le Maroc. Les résultats ont permis d’identifier quatre facteurs influençant l’adoption des produits Takaful et permettant de comprendre le comportement des consommateurs africains. Ces résultats ont permis également de mettre l’accent sur deux dimensions stratégiques favorisant l’adoption des produits de la finance islamique par ses opérateurs. <strong>Mots clés :</strong> Finance islamique<strong>,</strong> Takaful, Stratégies d’adoption, compagnie d’assurance, Comportement d’adoption, Maroc. <strong>Classification JEL : </strong>E44, G10, G21, G22, Z12 <strong>Type de l’article : </strong>Recherche appliquée
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Pannequin, François, and Anne Corcos. "Comment la prévention remet en cause les monopoles d’assurance : le principe de non-équivalence des obligations d’assurance et d’auto-assurance." Revue économique Vol. 74, no. 5 (2024): 739–65. http://dx.doi.org/10.3917/reco.745.0739.
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Dans un contexte de montée inexorable de la fréquence des risques climatiques et des catastrophes naturelles, les politiques publiques n’ont d’autre choix que de tâcher d’en contenir l’ampleur. Nous étendons le modèle de monopole d’assurance de Stiglitz [1977] pour étudier l’efficacité de trois schémas de couverture : la présence d’opportunités d’auto-assurance, les obligations d’assurance ou d’auto-assurance. Nous mettons en évidence trois résultats fondamentaux. Premièrement, l’existence d’opportunités d’auto-assurance crée un contre-pouvoir au pouvoir de marché d’un monopole d’assurance. Nous montrons en effet que, par rapport à un marché monopolistique avec assurance seule, les opportunités d’auto-assurance constituent, pour l’assureur, une menace qui a pour effet de réduire son pouvoir de marché et d’augmenter le bien-être des assurés. Deuxièmement, dans ce contexte, nous constatons qu’une obligation d’assurance aura des effets délétères sur l’assuré en dégradant sa situation et en rendant son pouvoir à l’assureur. Finalement, la propriété de substituabilité entre assurance et auto-assurance nous conduit à nous interroger sur les effets d’une obligation d’auto-assurance. Il ressort de notre modèle qu’auto-assurance obligatoire et assurance obligatoire ont des effets non équivalents. En effet, bien que l’obligation d’auto-assurance réduise la taille du marché de l’assureur, elle n’a aucun impact sur le bien-être de l’assuré. Les implications de ces politiques publiques sont discutées . Classification JEL : D86, D42, G22.
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Malambo, Maalila. "An " Academic Review and Critique of Gender Dynamics and Life Insurance Uptake in Ghana: A Study of the 2018 Publication by Ampaw et al."." IJEBD (International Journal of Entrepreneurship and Business Development) 6, no. 4 (2023): 606–13. http://dx.doi.org/10.29138/ijebd.v6i4.2260.
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The study conducted by Ampaw et al. titled “Gender perspective on life insurance demands in Ghana" examines the factors affecting the adoption of life insurance by male and female household heads. Their findings suggest that women in Ghana purchase more life insurance products than men, which may be useful for insurers in maximizing profits. However, the study overlooks critical considerations such as claim costs, administrative expenses, and profitability. While the authors' unique focus on gender dynamics is noteworthy, they did not consider household size, literacy levels, premium costs, and government incentives for women to purchase policies. Prior research indicates that education, awareness, income, and employment are key determinants of life insurance uptake in Ghana, which contrasts with the authors' findings. Further research is necessary to examine the relationship between insurance and customer value or profitability. In conclusion, while Ampaw et al.'s research adds to the scarce literature on life insurance demand in Africa, it lacks practicality and ignores significant factors. Additional research is necessary to comprehend the determinants of life insurance uptake in Ghana and insurance's role in customer value and business profitability in Africa.
 
 JEL classification codes for this article could include:
 
 G22: Insurance; Insurance Companies; Actuarial Studies
 J16: Economics of Gender; Non-labor Discrimination
 O55: Africa; Insurance and Insurance Markets
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Markonah, Markonah, Achmad Sudiro, Surachman Surachman, and Mintarti Rahayu. "The Effect of Good Corporate Governance and Premium Growth on the Performance of Insurance Companies." GATR Journal of Finance and Banking Review 2, no. 2 (2017): 01–07. http://dx.doi.org/10.35609/jfbr.2017.2.2(1).
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Objective - Insurance companies in Indonesia are considered an important part of society by the Indonesian government. Corporate governance was a major problem during the post-financial crisis period, particularly in emerging markets in Indonesia. Financial Institutions considered the possibility of increasing insurance premiums to cover their operating costs and increase their profits. The purpose of this study is to measure the effect of corporate governance and premium growth on the performance of the insurance sector, to determine the characteristics of good corporate governance. Methodology/Technique - The samples used in this study include insurance companies listed on the Indonesia Stock Exchange between 2011 and 2015. The data used in the study is derived from the Indonesian Stock Exchange Corner. The method of analysis used is descriptive statistics and linear regression. The research objectives are to analyze the influence of the independent variables on the dependent variable. A purposive sampling method is used to determine the sample size of the study. This method generated a sample of 9 commercial insurance companies. Findings - The findings show that corporate governance is significantly and positively related to ROA whereas Insurance Premiums are not significantly related to ROA. Novelty - Study suggests that the insurance companies must aim to improve corporate governance structures by finding solutions to existing problems and improving the management structures of the company, in order to attract future investment which will ultimately lead to an increase in ROA and ROE. Type of Paper: Empirical Keywords: Corporate Governance; Insurance Premium; Corporate Performance; Growth. JEL Classification: G22, L25, M41
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Sangeetha, S., and K. Chitra. "SOLVENCY AND SURVIVAL OF MICROFINANCE INSTITUTIONS: AN INDIAN SCENARIO-POLICY IMPLICATIONS TO IMPROVE ENDURANCE." Indian Journal of Finance and Banking 5, no. 2 (2021): 130–40. http://dx.doi.org/10.46281/ijfb.v5i2.1097.
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In India, more than 450 million people are outside banking orbit. Many economically deprived communities borrow money from money lenders who charged them to an extent of 115% interest. Microfinance was a strong tool to rescue the poor from Ponzi Schemes. Microfinance industry thrived well in India. It recorded huge growth in South India than North India. The Microfinance crisis broke during the year 2010 in Andhra Pradesh. A bill enacted in Andhra Pradesh made the situation still worse. The repayment rate of the Micro finance clients dropped from 95% (2010) to 1% (2012). This made the survival of the Microfinance Institutions (MFIs) questionable. The paper aims at exploring the solvency and survival positions of the Private & Public NBFC MFIs. Based on the Altman’s Z revised score model (applicable for financial institutions) and Survival analysis, the results reflect that Private NBFC MFIs are solvent and had better survival than Public NBFC MFIs. It aims at understanding the factors discriminating the solvent and insolvent Microfinance Institutions.
 JEL Classification Codes: G20, G21, G23, G28, G33.
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Shevchuk, O., N. Yaroshevych, and L. Yevtukh. "INTRODUCING A LIFE ASSURANCE GUARANTEE SCHEME IN UKRAINE: FUNDING MECHANISM AND RISK-BASED ADJUSTMENT." Financial and credit activity: problems of theory and practice 2, no. 37 (2021): 298–307. http://dx.doi.org/10.18371/fcaptp.v2i37.230265.
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Abstract. Life insurance, as well as bank deposits, is a form of household savings, so contributions under life insurance contracts must be properly guaranteed by creating compensation mechanism. The paper deals with a number of issues in relation to the solutions for Ukrainian life insurance guarantee scheme (IGS). The main purpose of this study is to introduce decision on scheme design and appropriate fund-raising mechanism for Ukrainian IGS providing the last resort protection to customers who make their savings via life assurance contracts. Highlighting positive and negative effects of IGS implementation, analysing sources of funding for guarantee schemes, the research substantiates economic effects of risk-based approach to assessing contribution and proposes general scheme of estimating the insurer’s contribution to the IGS fund, in particular indicators for risk-based adjustment of IGS levies and adjustment procedures. Based on methods for calculating contributions to European deposit guarantee schemes, the article specifies technically sound methods for calculating contributions to IGS fund which capture various aspects of the insurers’ risk profile including capital adequacy, asset quality, liquidity and funding, profitability profile, business management, as well as the potential loss for the IGS and market circumstances. The methodology, proposed in the paper, is relevant not only for Ukraine, where the introduction of the IGS scheme for life assurance is only in perspective, but also for all other countries with existing IGS to implement risk-weighted approach to scheme setting that prompts insurers to control their risks, provides more effective and healthy competition. Keywords: life assurance, insurance guarantee scheme, policyholder protection, funding mechanism, risk-weighted contribution. JEL Classification G22, G33 Formulas: 5; fig.: 4; tabl.: 1; bibl.: 13.
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Ademe, Alemu. "The Impacts of Political Unrest, Firm Specific and Macroeconomic Factors on the Financial Performance of Insurance Industry in Ethiopia during Youth-Led Mass Anti-Government Protests (2014-2022)." Ethiopian Journal of Business and Social Science 7, no. 1 (2024): 1–23. http://dx.doi.org/10.59122/164f59lk.
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This study investigates the impacts of political unrest; firm-specific and macroeconomic factors on the financial performance of the insurance industry in Ethiopia during youth-led mass anti-government protests. The study used, Return on Assets (ROA) and Return on Equity (ROE) as dependent variables. Eight key independent (internal and external) variables are also used. The study selected 17 out of 18 due to the availability of data for the period ranging from 2014 to 2022. The descriptive and multiple regression analyses were done. The results of the study indicate that political violence and terrorism (PV&T) have a negative and significant effect on ROA and ROE, while GDP has a positive and significant effect on ROA and ROE. The findings also show that financial risk (FR) has a negative and significant effect on ROA and ROE but a positive and significant effect on ROA and ROE. Furthermore, the study reveals that the size of company (SZ) and premium growth (PG) have a significant and positive impact on ROA but insignificant effect on ROE as well as liquidity (LQ) and asset tangibility (ATG) have a significant negative effect on ROE but insignificant effect on ROA. The inflation rate (INF) has no effect for both models on Ethiopian insurance financial performance. This study is considered one of the first pioneering studies that determined the factors affecting the financial performance of insurance companies in Ethiopia. Therefore, the study gives good insights to policymakers, regulators, and interested parties about enhancing the profitability of insurance companies in Ethiopia. Keyword: - political unrest, firm specific factor, macroeconomic factor, financial performance, insurance industry, Ethiopia JEL Classification G22 G32 F50
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Ćurak, Marijana, Mirela Duvnjak, and Maja Pervan. "The relationship between the digital maturity and efficiency of Croatian non life insurers: Exploratory research." Journal of Economics and Management 46 (2024): 55–78. http://dx.doi.org/10.22367/jem.2024.46.03.
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Aim/purpose – In line with the general trend of digitalization and changing customers’ needs and preferences, insurance companies have increasingly applied digital technology to their business. This digital transformation should enhance insurance companies’ efficiency and provide further advantages. Therefore, this study’s main aim is to analyze the current relationship between the digital maturity of Croatian non-life insurers and their efficiency. Design/methodology/approach – The empirical analysis is based on the data collected via an online survey on a sample of Croatian non-life insurers and from the insurance companies’ financial statements. The data was analyzed using the Digital Maturity Model 5.0 by Forrester Research, Inc., Data Envelopment Analysis, and correlation analysis. Findings – The surveyed Croatian non-life insurance companies have achieved the sec- ond level of a four-level digital maturity scale, on average. Although the digital trans- formation of insurance companies is a promising efficiency driver, the current level of digital maturity of Croatian non-life insurance companies is not positively related to their efficiency. Research implications/limitations – The research has implications for insurance com- panies regarding their path of digital transformation, as well as for the regulators estab- lishing an adequate regulatory framework to encourage the digital development of insurance companies. The objective limits of the research refer to the means of mea- suring digital maturity and the sample size. The research is limited to the Croatian insur- ance market. Originality/value/contribution – Analysis of the efficiency of insurance companies from the information technology perspective is rare in the academic literature, and this issue has not been investigated using a sample of Croatian insurers. The research con- tributes to advancing knowledge on the relationship between digital maturity and insur- ance companies’ efficiency.1 Keywords: digital transformation and maturity, efficiency, Croatian non-life insurance companies. JEL Classification: G22, C67, D22
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Stashchuk, O., O. Borysyuk, and M. Datsyuk-Tomchuk. "THE PROBLEMS OF THE DOMESTIC REINSURANCE DEVELOPMENT IN CONDITIONS OF FINANCIAL INSTABILITY." Financial and credit activity: problems of theory and practice 3, no. 38 (2021): 154–61. http://dx.doi.org/10.18371/fcaptp.v3i38.237439.
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Abstract. Financial instability stems from the excessive volatility in the financial markets, the weakness of financial institutions and the inability of financial sector companies to fulfill their obligations, and it is no exception to insurance companies that do not have sufficient financial resources to reinsure. In modern conditions, reinsurance provides stability to the development of the insurers and is one of the most important tools that provides effective protection against various natural, man-made and other risks.
 The lack of financial resources of the insurance companies objectively determines the limitations of their ability to insure large risks. Reinsurance enables the insurance companies, by attracting funds from other insurers, to ensure the honest fulfillment of their obligations to insure payment at the onset of an insured event, while maintaining the stability of their financial situation.
 Admission to the insurance of expensive objects is dangerous for the individual insurer’s financial stability through the coverage of losses in the insured event. Admission to the insurance of expensive objects is dangerous for the individual insurer’s financial stability through the coverage of losses in the insured event.
 The need for reinsurance is due, among other things, to regulatory requirements for capital and assets and provides tools for rapid development of the insurance portfolio.
 Simultaneously reinsurance enables to protect the insurance portfolio from the influence on it of a series of large insurance risks, including catastrophic, so that the payment of insurance compensations on them does not pose a heavy burden on the one insurance company, but is carried out collectively by all participants in reinsurance. As a result, reinsurance allows you to take insurance risks that far outweigh the insurer’s own financial resources.
 Thus, the reinsurance system is a guarantee of financial stability of any insurance company, providing protection of its capital, and the basis for increasing the volume and quality of insurance services.
 In Article, the essence and significance of reinsurance in the conditions of globalization of the world economy were considered, as well as analysis of the main tendencies of the domestic reinsurance market development and the problems of its development in Ukraine were revealed.
 Keywords: insurance, financial instability, volatility, financial market, reinsurance, commission remuneration.
 JEL Classification E44, G20, G22, O16
 Formulas: 0; fig.: 2; tabl.: 4; bibl.: 15.
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Bahadur Budhathoki, Prem, and Ganesh Bhattarai. "Nexus between Insurance Sector Development and Economic Growth in South Asian Countries." Nepalese Journal of Insurance and Social Security 7, no. 1 (2024): 1–9. https://doi.org/10.58665/njiss.56.
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Purpose: This study examines the impact of insurance sector development on economic growth in South Asian countries.Design/methodology/approach: Using annual data from five South Asian countries over 31 years (1990-2020) and comprising 137 observations, this study draws data from the Global Financial Development Database (2023). The unit root test,cointegration test, and vector error correction model are employed to test stationarity, long-run relationships, and short-run and long-run dynamics, respectively, in South Asian countries. Findings: The findings are significant, revealing that long-term dynamics prevail between the LNGDP and LIPTGDP for five South Asian countries. The coefficient valueof ECTt-1 is -.765, indicating that deviation from the long-run relationship is correctedat 76.5% in the present period. This study further reveals long-term dynamics betweenthe LNGDP and NLIPTGDP for five South Asian countries. The coefficient value of ECTt-1 is -.654, implying that deviation from the long-run relationship is corrected at65.4% in the present period. Similarly, this study reveals long-term dynamics between the LNGDP and TPC for five South Asian countries. The coefficient value of ECTt-1 is -.765, implying that deviation from the long-run relationship is corrected at a rate of76.4% in the present period. While no short-run dynamics are observed between the LNGDP and LIPTGDP, between the LNGDP and NLIPTGDP, and between the LNGDP and TPC. Conclusion: The results showed that the LNGDP and TPC had long-term relationships in five South Asian countries. However, no short-run dynamics prevail between the LNGDP and LIPTGDP, between the LNGDP and NLIPTGDP, and between the LNGDPand TPC. Implications: Policymakers can use these findings to promote economic growth by implementing effective regulatory policies, educating the public and SMEs about insurance benefits, providing tax incentives for insurance uptake, and encouraging financial openness for foreign investors to improve consumer choice and quality. JEL Classification: G22, O12, O40
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Campbell, John Y., Tarun Ramadorai, and Benjamin Ranish. "The Impact of Regulation on Mortgage Risk: Evidence from India." American Economic Journal: Economic Policy 7, no. 4 (2015): 71–102. http://dx.doi.org/10.1257/pol.20130220.
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We employ loan-level data on over a million loans disbursed in India between 1995 and 2010 to understand how fast-changing regulation impacted mortgage lending and risk. Our paper uses changes in regulatory treatment discontinuities associated with loan size and leverage to detect regulation-induced loan delinquencies. We also find that an acceleration in the classification of assets as nonperforming resulted in substantially lower delinquency probabilities and losses given delinquency. (JEL D14, G21, G28, L51, O16, R31)
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Abbas, Faisal, Omar Masood, Shoaib Ali, and Sohail Rizwan. "How Do Capital Ratios Affect Bank Risk-Taking: New Evidence From the United States." SAGE Open 11, no. 1 (2021): 215824402097967. http://dx.doi.org/10.1177/2158244020979678.
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This study aims to examine the impact of different capital ratios on Non-Performing loans, Loan Loss Reserves, and Risk-Weighted Assets by studying large commercial banks of the United States. The study employed a two-step system generalized method of movement (GMM) approach by collecting the data over the period ranging from 2002 to 2018. The study finds that using Non-Performing loans and Loan Loss Reserves as a proxy for risk, results support moral hazard hypothesis theory, whereas the results support regulatory hypothesis theory when Risk-Weighted Assets is used as a proxy for risk. The results confirm that the influence of high-quality capital on Non-Performing loans, Loan Loss Reserves, and Risk-Weighted Assets is substantial. The distinctive signs of Non-Performing loans, Loan Loss Reserves, and Risk-Weighted Assets have indications for policymakers. The results are intimate for formulating new guidelines regarding risk mitigation to recognize Non-Performing loans and Loan Loss Reserves and the Risk-Weighted Assets for better results. JEL Classification: G21, G28, G29
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Abernikhina, I., O. Toporkova, I. Sokyrynska, and L. Shylo. "METHODICAL APPROACHES FOR ASSESSING THE FINANCIAL STABILITY OF INSURANCE COMPANIES." Financial and credit activity: problems of theory and practice 3, no. 38 (2021): 144–53. http://dx.doi.org/10.18371/fcaptp.v3i38.237437.
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Abstract. The article summarizes arguments and counterarguments within the framework of a scientific discussion concerning the methodological ensuring for assessing the financial stability of insurance companies. The main purpose of the conducted study is indexes arrangement by which it is possible to assess the financial stability of an insurance company in accordance with the criteria (factors, sources) of its ensuring. Systematization of literary sources and approaches for solving the problem in managing the financial stability of an insurance company to ensure its stable development has shown that this issue remains unresolved to the full extent and requires detailing and indexes arrangement that can be used to assess the financial stability and determine its level.
 Actuality in solution of this scientific problem lies in the fact that financial stability of insurance companies is an important precondition for their survival in modern conditions, a factor of providing the insurance protection and maintaining the achieved standard of living of the population, full and timely performance of insurance obligations, effective and competitive functioning of the insurer in the future. In the article studies on the management of the financial stability of an insurance company on the basis of indexes arrangement of its assessment are performed in the following logical sequence: characteristic of the main tendencies in the development of the insurance market of Ukraine in recent years is outlined; the necessity of management of the financial stability of insurance companies is grounded in order to ensure their sustainable economic development; approaches to the definition in the essence of the financial stability of an insurance company are considered and the definition by Ukrainian researcher N. V. Tkachenko is adopted as the basis. On the basis of the analysis of recent scientific publications, theoretical and methodological developments by modern researchers, the authors of the article selected six groups of criteria for ensuring the financial stability, according to which the ratios for assessing the financial stability of insurance companies of these participants in financial markets are systematized and methodologically substantiated.
 The results of the research can be useful for managers and staff of insurance organizations, government oversight of insurance activities, teachers of economic specialties.
 Keywords: financial stability, insurance company, methodological approaches, assessment of financial stability.
 JEL Classification C1, G22, O16
 Formulas: 0; fig.: 0; tabl.: 5; bibl.: 20.
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Mr., Abhishek Janvier Frederick* Dr. Sebastian .T. Joseph. "PRIVATE BANKS’ ATMS EFFICIENCY AT GROUND ZERO: A CASE STUDY OF ALLAHABAD." INTERNATIONAL JOURNAL OF ENGINEERING SCIENCES & RESEARCH TECHNOLOGY 5, no. 7 (2016): 17–29. https://doi.org/10.5281/zenodo.56886.
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The technological investment done by Private Banks especially in installing cash dispensing machines, i.e. ATMs in India, had also forced public sector banks to update themselves, as their competitors; gone are the days when people used to stand in queues at Banks, with the advent of ATMs machine, customers can operate even from a remote location from their parent branch. Private banks became the cynosure of households by introducing a system which was safer, better and faster for transactions, here in this paper the authors tries to examine the efficiency of ATMs offered by the private sector banks at Allahabad.
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Bakkeri, Amine, and Abdelhakim Ben Malik. "PROFITABILITY OF ISLAMIC BANKS: A PANEL DATA ANALYSIS." Indian Journal of Finance and Banking 4, no. 3 (2020): 26–38. http://dx.doi.org/10.46281/ijfb.v4i3.811.
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This article aims to examine the impact of internal and external factors on the profitability of 30 Islamic banks operating in the Middle East and North Africa over a period from 2005 till 2018. We use the OLS method according to Panel data. Empirical results indicate that the quality of management, liquidity, and capitalization, quality of services, the presence of women and the competence of staff are significant determinants of profitability. The other determinants including diversification, size and inflation have no significant effect on the Islamic banks' profitability.
 JEL Classification Codes: G21, G24, C33, D02.
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Pakhchanyan, Suren, Jörg Prokop, and Gor Sahakyan. "Drivers of Bank Solvency, Risk Provisioning and Profitability in the Armenian Banking System." Journal of Emerging Market Finance 17, no. 3 (2018): 307–32. http://dx.doi.org/10.1177/0972652718797815.
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The aim of this study is to examine the effects of bank-specific, regulatory and macroeconomic determinants on solvency, risk provisioning, and profitability in the Armenian banking sector. We show that abnormal loan growth is associated with a decrease in regulatory capital ratios, an increase in loan loss provisions, and a reduction in loan portfolio profitability. In addition, we observe an inverse relationship between GDP growth and bank solvency as well as profitability. Regarding regulation, we identify a decrease in regulatory capital ratios as well as a drop in profitability after the implementation of the Basel II Accord. JEL Classification: G32, G21, G28
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Gao, Simon, and Tony Chieh-Tse Hou. "An Empirical Examination of IPO Underpricing Between High-technology and Non-high-technology Firms in Taiwan." Journal of Emerging Market Finance 18, no. 1 (2019): 23–51. http://dx.doi.org/10.1177/0972652719831535.
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This study investigates the determinants of initial public offering (IPO) underpricing by focusing on variables relating to information asymmetry, investor sentiment and corporate governance and examines whether the determinants of IPO underpricing in high-technology and non-high-technology IPOs differ. With data from Taiwan for 2009–2011, this study finds that overallotment is negatively related to underpricing, whereas market momentum, first-day trading volume and managers’ ownership retention rates are positively related to underpricing, particularly for high-technology IPOs. Our results support the signalling hypothesis in high-technology IPOs. JEL Classification: G12, G14, G24, G32
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Hnieusheva, V. "FACTORS OF IMPACT ON THE INSURANCE BEHAVIOR OF THE UKRAINIAN HOUSEHOLDS." Financial and credit activity: problems of theory and practice 3, no. 38 (2021): 368–78. http://dx.doi.org/10.18371/fcaptp.v3i38.237469.
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Abstract. Taking into account the fact that the comprehensive research of the basic elements of the insurance behavior of the households is nearly non-existent, and the insurance behavior of the households is characterized by the poor insurance culture, misunderstanding of the advantages and necessity of the insurance, the establishment of the factors of impact on its formation and identification of those influencing on the insurance behavior most of all among the myriad of factors becomes especially topical.
 The performed research digest allowed concluding that the interpretation of the insurance behavior essence is limited and does not take into account its saving and consumer-related nature. So, it was proposed to determine the insurance behavior as the variety of the financial behavior of the households oriented to the provision of the financial protection of the households at the expense of the monetary funds formed by means of payment of the insurance premiums and earnings from the investment of the resources of these funds.
 It was also proposed to divide the factors of impact on the insurance behavior of the households into the external and internal causes in the course of the research conducted.
 The analysis of the dynamics of the unemployment rate, average salary, minimum official wage and minimum pension was performed for the purpose of establishment of the degree of impact of the macroeconomic factors on the insurance behavior of the households.
 The level of impact of the demographic factors such as person’s age and gender on his/her insurance behavior was substantiated with the use of the analysis of the dynamics and structure of the membership of non-state pension funds.
 The data of the conducted research suggest that such factors as the political and social stability, condition of the labour market, income level of the households, warrants of insurance benefits, financial literacy and insurance culture, psychological personality type, acts of God, and pandemics have the greatest impact on the shaping of the insurance behavior of the households. Such factors as the rumor, pieces of advice from relatives or friends, and religion have impact on the insurance behavior to a lesser extent. The reformation of the Ukrainian insurance market regulation model would enable to eliminate the problems holding back shaping of the active insurance behavior of the households.
 Keywords: insurance behavior of the households, external factors, internal factors, insurance culture, warrants of insurance benefits.
 JEL Classification G22, D19
 Formulas: 0; fig.: 2; tabl.: 2; bibl.: 23.
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Elagag, Mustapha, and Imene Berrefas. "The Constraints Of Leasing In Algeria: Case Of Sofinance (Joint Stock Company)." Management & Economics Research Journal 1, no. 3 (2019): 27–37. http://dx.doi.org/10.48100/merj.v1i3.40.
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Algeria seeks to develop small and medium enterprises to reduce its dependence on hydrocarbons revenue. But the funding problem drags down SME success at all steps. One of the reliable funding solutions is the Leasing as it seems to be an investment financing solution and offers many advantages. However, we cannot ignore the fact that no miracle solution exists, and that like all things leasing also has its fair part of obstacles, which is the main subject of this article, that aims to identify the source of the obstacles restraining the development of the leasing among Algerian SME.
 JEL Classification: G2, G20, G24.
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Bouzidi, Salem, and Mohammed Benmoussa. "Financial Literacy, Financial Behavior And Economic System." Management & Economics Research Journal 1, no. 3 (2019): 62–76. http://dx.doi.org/10.48100/merj.v1i3.43.
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Financial literacy measure how much one comprehends key money related financial concepts, through appropriate short-term decision making, so Financial literacy is an essential information and that individuals need so as to make due in a modern society. Financial literacy can be affected by environmental issues, such as regional differences and economic systems.The relationship between financial literacy and financial behavior has been considered in a number of other studies, financial literacy is an important determinant of financial behavior in developing countries, financial literacy is also associated with increased equity ownership, the use of low-cost mortgages, and retirement planning behavior.
 JEL Classification: E40, G02, G20.
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Myskiv, Galyna, Tetyana Andreykiv, and Viktoriya Rudevska. "Forecasting of the state of the credit market in Ukraine." Investment Management and Financial Innovations 13, no. 4 (2016): 235–41. http://dx.doi.org/10.21511/imfi.13(4-1).2016.10.
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The article highlights the forecasting of development of the credit market in Ukraine on the basis of regression analysis and based on a number of macroeconomic factors. It provides a matrix of coefficients for pair correlations for the calculation of the volume of loans given by banks and non-bank financial institutions, foreign economic agents and inter-economic actors. It gives partial regression models for determining the volume of loans according to the market’s segments. It carries out the forecasting of the credit market and the volumes of loans given by its segments. Keywords: credit market of Ukraine, forecasting, regression analysis, pair correlation. JEL Classification: G21, G23, Е51
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Bayram, Sidika Gulfem. "Rational–Irrational Investor Sentiments and Emerging Stock Market Returns: A Comparison from Turkey." Journal of Emerging Market Finance 16, no. 3 (2017): 219–45. http://dx.doi.org/10.1177/0972652717722083.
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This study investigates the dynamic relationship between rational and irrational consumer-business sentiments and stock returns in an emerging stock market, Turkey. Consumer and business sentiments are divided into two components: rational and irrational sentiments. Then, the dynamic interactions and the impact of the sentiments on stock returns are examined. The fundamental economic variables used in the study consist of business conditions, economic risk premium, country risk, exchange rate risk, country growth rate, inflation rate, and terms of trade. The results show that Istanbul Stock Exchange (ISE)-100 index returns are positively and significantly affected by the rational sentiments of both consumers and businesses. JEL Classification: G02, G12, G150
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Raja, Zubair Ali, William J. Procasky, and Renee Oyotode-Adebile. "The Relative Role of Sovereign CDS and Bond Markets in Efficiently Pricing Emerging Market Sovereign Credit Risk." Journal of Emerging Market Finance 19, no. 3 (2020): 296–325. http://dx.doi.org/10.1177/0972652720932772.
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Extant literature reports mixed findings on the relative efficiency of credit default swaps (CDS) and bond markets in pricing emerging market sovereign credit risk. Using a more comprehensive data set than analyzed earlier, we reexamine this issue and find that CDS dominate bonds in the price discovery of this risk, an advantage we attribute to the greater relative liquidity of that market. One exception is during the financial crisis, suggesting that when panic hits, sovereign markets price credit risk differently. However, even then, the CDS market has a greater impact on price discovery than the bond market, indicating greater overall efficiency. JEL Classification: G11, G12, G13, G14, G23
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Balakrishnan, Karthik, and Aytekin Ertan. "Banks' Financial Reporting Frequency and Asset Quality." Accounting Review 93, no. 3 (2017): 1–24. http://dx.doi.org/10.2308/accr-51936.
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ABSTRACT We examine the effects of banks' financial reporting frequency from 2000 to 2014 and find that quarterly reporting improves their loan portfolio quality. Sample banks experience a relative decrease of about 11 percent in their nonperforming loans after switching to quarterly financial disclosures. Consistent with market discipline enhancing lending practices, these results are stronger in regimes with weaker depositor insurance and external monitoring, and in those with stronger capital markets. We also find that banks that provide quarterly financial information experience lower deposit interest rates and credit default swap spreads. Collectively, our findings suggest that quarterly reporting reduces banks' risk-taking. JEL Classifications: G21; G28; G32; M41; M48.
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Ehsanul Hoque, Muhammad. "Investigating leadership practices in retail banking in South Africa: a case study of Nedbank." Banks and Bank Systems 11, no. 3 (2016): 17–27. http://dx.doi.org/10.21511/bbs.11(3).2016.02.
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The purpose of the cross-sectional study was to determine the leadership practices in a retail bank in South Africa. A self-administered anonymous questionnaire was used to collect the data, using an online survey tool (QuestionPro). A total of 60 managers completed the questionnaire. Results showed that there was a significant relationship between leadership practices and leadership style in the organization. Transformational, transactional and laissez-faire leadership styles were the important predictors, which influenced the leadership practices of the managerial bank employees. Therefore, managers should adopt different leadership behavior, depending on several other situational factors that come to hand. Keywords: leadership practices, retail banking, manager, factor, South Africa. JEL Classification: G20, G21, M10, M12, L21
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Fina Kamani, Eric. "Activités de trading des banques de dépôt et risque systémique : une séparation entre les activités d’intermédiation et les activités de marché s’impose-t-elle ?" Revue économique Pub. anticipées, no. 7 (2030): 834–63. http://dx.doi.org/10.3917/reco.pr2.0166.
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Cet article s’intéresse aux effets des activités de marché des banques de dépôt européennes sur leur exposition au risque systémique. Il montre que les activités de marché n’augmentent que l’exposition des grandes (petites) banques au risque systémique, mais seulement lorsque le marché est fortement (peu) concentré. Il souligne ainsi que les politiques favorisant une harmonisation du niveau de concentration bancaire des pays pourraient remédier aux effets néfastes de la diversification sur la stabilité du système bancaire européen. Toutefois, compte tenu de la difficulté à mettre en place de telles politiques, une réglementation qui sépare ces activités semble être une solution à l’instabilité du système bancaire européen résultant des activités de marché des banques de dépôt. Classification JEL : G21, G28.
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Haddad, Achraf, Anis El Ammari, and Abdelfattah Bouri. "Impact of the Ownership Structure on the Financial Performance of Banks: Comparative Study between Conventional and Islamic Banks." International Journal of Accounting & Finance Review 4, no. 2 (2019): 50–63. http://dx.doi.org/10.46281/ijafr.v4i2.442.
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According to the literature of corporate governance, ownership structure is advanced as a non-dissociable mechanism of control intended to follow the stakeholders and especially used by shareholders to monitor the conflicts of interest and the opportunistic behavior of managers. Several previous studies have focused on the impact of ownership structure on financial performance separately in conventional or in Islamic banks. However, the comparative studies between these two impacts are non-existent. In this research, we compared the impacts of this governance mechanism on the financial performance in the two types of banks by using the Ordinary Least Squares method. Data relating to financial performance and ownership structure of banks come from 16 countries. Two samples were collected: the first one included 63 conventional banks, whereas the second one integrated 63 Islamic banks whose data are available over the period (2010-2018). Panel results showed that partial effect of each determinant of ownership structure on each measure of financial performance varied from one banks’ type to another and from one performance measure to another. Besides, the reconciliation of similar models revealed many differences between the same impacts’ signs. Therefore, we concluded that in both banks’ types the ownership structure has a positive impact on the financial performance. While, the negative part of the same impact is less significant in Islamic banks.
 JEL Classification: F33, G20, G21, G24, G30.
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Zhang, Xia (Eliza). "Do Firms Manage Their Credit Ratings? Evidence from Rating-Based Contracts." Accounting Horizons 32, no. 4 (2018): 163–83. http://dx.doi.org/10.2308/acch-52213.
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SYNOPSIS This paper examines whether firms with rating-based performance-priced loan contracts (PPrating firms) manage cash flow from operations (CFO) and accruals to obtain better firm credit ratings. I find that for PPrating firms, both CFO management and accruals management, are positively associated with firm credit ratings. In the cross-section, the relation of CFO management and accruals management with firm ratings is less pronounced when there is a larger benefit associated with inflated firm ratings. These results support the view that financial statement manipulation helps PPrating firms achieve more favorable ratings; when these firms are subject to more stringent rating-agency monitoring, such manipulation proves less effective. JEL Classifications: G18; G20; G28.
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Dokku, Srinivasa Rao, Rajesh Choudary Jampala, and P. Adi Lakshmi. "A Study on Performance Evaluation of Initial Public Offerings (IPOs) in India during 2007-13." International Journal of Asian Business and Information Management 6, no. 1 (2015): 18–37. http://dx.doi.org/10.4018/ijabim.2015010102.
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The authors analyze 146 Indian Initial Public Offerings (IPOs) that were listed in Bombay Stock Exchange (BSE) between January 2007 and December 2009. The units of the sample are selected on the basis of companies available in the Indian stock market for three years for calculating short-term and long-term returns. The evidence suggests that the IPOs are initial day underpriced by 4.25 per cent and underperformed by 29.06 per cent after 36 months of listing. The study also finds that issue variables are highly influencing the IPOs performance in short run and long run but age of the company doesn't have any influence on its performance during the study period. The JEL classifications are G12, G14, G24, and G32.
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Lawrence, Alastair, Subprasiri Siriviriyakul, and Richard G. Sloan. "Who's the Fairest of Them All? Evidence from Closed-End Funds." Accounting Review 91, no. 1 (2015): 207–27. http://dx.doi.org/10.2308/accr-51152.
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ABSTRACT Prior research examining the ASC 820 fair value hierarchy concludes that Level 3 fair value measurements are significantly less value-relevant than Level 1 and Level 2 fair value measurements. We reevaluate this conclusion using the closed-end fund setting, in which fair value measurements are available for substantially all assets. Contrary to prior research, we find that Level 3 fair values are of similar value relevance to Level 1 and Level 2 fair values. Our findings suggest that the results in previous research are attributable to correlated omitted variable bias arising from the absence of fair value data for most assets. JEL Classifications: M41; G12; G29. Data Availability: Data are publicly available from sources identified in the article.
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Kando, Surahmi, and Irwan Trinugroho. "The Impact of Financial Technology Payment on Bank Fee-Based Income." Signifikan: Jurnal Ilmu Ekonomi 11, no. 2 (2022): 425–236. http://dx.doi.org/10.15408/sjie.v11i2.26809.
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This study investigates the effect of the growth of financial technology payment on bank fee-based income by studying conventional banks in Indonesia from 2012 to 2019. We employ Random Effect (RE) to estimate our empirical model. Fintech payment is measured by using the log of volume transactions made by fintech payment firms. Our result shows a negative and significant relationship between fintech payment and bank fee-based income. This result indicating that, in general, fintech payment disrupts banks’ fee based-income. In particular, we find that fintech is a complement for small commercial banks.How to Cite:Kando, S., & Trinugroho, I. (2022). The Impact of Fintech Payment on Bank Fee-Based Income. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 425-436. https://doi.org/10.15408/sjie.v11i2.26809.JEL Classification: G18, G21, G28
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Soedarmono, Wahyoe, and Romora Edward Sitorus. "THE NUMBER OF FINANCIAL REGULATORY AUTHORITIES AND FINANCIAL STABILITY: CROSS-COUNTRY EXPERIENCES." Buletin Ekonomi Moneter dan Perbankan 17, no. 1 (2014): 129–45. http://dx.doi.org/10.21098/bemp.v17i1.53.
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This paper attempts to provide evidence whether or not the unification of regulatory institutions for different types of financial sector creates challenges for financial stability. From a sample of 91 countries that provide data on the financial unification index and the central bank involvement index, the empirical results reveal that higher financial unification index or the convergence toward a single supervisory institution outside the central bank, in order to control three different sectors (banking, insurance, and securities), is detrimental for financial stability. However, this finding only holds for developed countries, but dissapears for less developed countries. In parallel, the central bank involvement in financial sector supervision has no impact on financial stability in both developed and less developed countries. Keywords: Supervisory Regimes, Financial Sectors, Financial Stability JEL Classification: G18, G21, G28
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Abramova, Inna, John E. Core, and Andrew Sutherland. "Institutional Investor Attention and Firm Disclosure." Accounting Review 95, no. 6 (2020): 1–21. http://dx.doi.org/10.2308/tar-2018-0494.
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ABSTRACT We study how short-term changes in institutional owner attention affect managers' disclosure choices. Holding institutional ownership constant and controlling for industry-quarter effects, we find that managers respond to attention by increasing the number of forecasts and 8-K filings. Rather than alter the decision of whether to forecast or to provide more informative disclosures, attention causes minor disclosure adjustments. This variation in disclosure is primarily driven by passive investors. Although attention explains significant variation in the quantity of disclosure, we find little change in abnormal volume and volatility, the bid-ask spread, or depth. Overall, our evidence suggests that management responds to temporary institutional investor attention by making disclosures that have little effect on information quality or liquidity. JEL Classifications: G23; G32; G34; G12; G14.
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Masood, Omar, Shahid Mohammad Khan Ghauri, and Bora Aktan. "Predicting Islamic banks performance through CAMELS rating model." Banks and Bank Systems 11, no. 3 (2016): 37–43. http://dx.doi.org/10.21511/bbs.11(3).2016.04.
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This paper analyzes the performance of Islamic banks operating in Pakistan according to their financial results of the year 2015. CAMELS rating model is applied in this research. This model is based on certain financial ratios which are excerpt from values in the financial statements of banks. The authors conduct the research under the umbrella of quantitative paradigm. The authors found that 2 of the Islamic banks are showing satisfactory results, while others are on fair position. There is a need to develop financial markets for treasury operations for these banks. Results help in development of growth strategy for Islamic banks in Pakistan, as well as they might be useful to create a fair snapshot for regulators to develop growth strategy for this stream of banking. Keywords: Islamic banking, performance, growth analysis, CAMELS. JEL Classification: G02, G21, G32
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Bhuiyan, Abul Bashar, Md Jafor Ali, K. M. Anwarul Islam, Md Shahbub Alam, and Mohammad Solaiman. "THE ISSUES AND CHALLENGES OF SHARIAH HARMONIZATION OF THE CROSS BORDER TRANSACTIOINS: CONCEPTUAL REVIEW OF ISLAMIC BANKING INDUSTRIES." International Journal of Shari'ah and Corporate Governance Research 3, no. 2 (2020): 1–9. http://dx.doi.org/10.46281/ijscgr.v3i2.838.
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The paper aims to identify major’s regulatory challenges are facing in maintaining proper harmonization of Shariah rulings of Islamic Bank across the world in the cross-border activities. The study found that the Islamic banking is confronting challenges to make appropriate rules and regulations for making the common standardized mode of finance to cope up with present market demand for their customer with conventional counterpart base on the Islamic sharia principles. Particularly, in the arena of competing in the global markets and establish unique regulatory institutions for proper harmonization of Shariah rulings of Islamic Banks over the cosmos in the cross-border actions. The study recommends that policymakers are to pay attention to solve the above regulatory issues to face the existing challenges for the smooth financial operation in the future.
 JEL Classification Codes: G21, G24, L26, P51.
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Soedarmono, Wahyoe. "BANK CAPITAL INFLOWS, INSTITUTIONAL DEVELOPMENT AND RISK: EVIDENCE FROM PUBLICLY - TRADED BANKS IN ASIA." Buletin Ekonomi Moneter dan Perbankan 14, no. 2 (2012): 135–50. http://dx.doi.org/10.21098/bemp.v14i2.460.
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This paper examines the relationship between bank capital inflows and financial stability. Using a sample of publicly-traded commercial banks in Asia over the 2002-2008 period, our empirical results show that higher banking inflows measured by the share of foreign liabilities in banking reduces systematic risk, but increases bank-specific risk and total risk. A deeper investigation further suggests that an increase in total risk and bank-specific risk is driven by strong institutional development. Specifically, higher foreign liabilities in banking exacerbate bank-specific risk and total risk in countries with greater economic freedom. Hence, the reinforcement of prudential regulations is necessary to overcome bank-specific risk and total risk, particularly when the countries move to a more liberal economic environment. JEL Classification : G21, G28, G38Keywords : Banking Globalization, Economic Freedom, Capital Market Measures of Risk
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Bernhard O. ISHIORO, Ph.D. "NIGERIA'S BANKING SECTOR REFORMS AND COMMERCIAL BANKS' PERFORMANCE: A SIMPLE TEST OF THE MODIFIED PANTULA PRINCIPLE." Finance & Accounting Research Journal 5, no. 4 (2023): 78–99. http://dx.doi.org/10.51594/farj.v5i4.487.
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This study examined the achievement of organizational goals by deposit money banks following the period of banking sector reform. Annual time series data from the banking industry and the Nigerian economy for the period 1990 to 2020 were used to implement a simplified version of the modified Pantula Principle (an improved cointegrating technique). Three sets of reforms and bank performance measures, including bank-specific, industry-specific, and macroeconomic indicators, were identified and adopted. The empirical findings obtained from our analysis revealed that there are no long-run connections between selected performance measures and some bank-specific, industry-specific, and macroeconomic variables, implying that the reforms had no long-term impact on the statutory achievement of the banks' goals in Nigeria during and beyond the era.
 Keywords: Pantula Principle; Banking Sector Reforms; Banks' Performance; Nigeria.
 JEL Classification : C18,G21,G28
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Ibrahim, Siti Sara Binti, Abd Halim Mohd Noor, Shafinar Ismail, Roshayani Arshad, and Mohd Ali Muhamad Don. "Commitment in WAQF Development through Cross-Sector Collaboration between Islamic Financial Institutions and State Islamic Religious Councils: Innovative Strategy of Value-Based Intermediation for Sustainability." Journal of Finance and Banking Review Vol. 4 (1) Jan-Mar 2019 4, no. 1 (2019): 29–35. http://dx.doi.org/10.35609/jfbr.2019.4.1(4).
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Objective - Islamic Financial Institutions (IFIs) are founded upon principles of encouraging economic wellbeing for the betterment of society. Despite this, fresh measures are required to ascertain the sustainability of IFIs due to the deterioration recorded in annual rate growth levels that has slumped to 8.2% in 2016, compared to 24.2% in 2011. Similarly, waqf, which aims to contribute to socio-economic growth, appears to underperform due to inefficient management and lack of resources from State Islamic Religious Councils (SIRCs) in Malaysia. Therefore, growing attention is given to adding value to related operations so as to continuously expand without undermining their obligation towards societal welfare. Methodology/Technique - In responding to this issue, Value-Based Intermediation (VBI) through a cross-sector collaboration strategy has been proposed in this paper to streamline the investments of IFIs in executing their business responsibilities in a strategic manner, especially to generate sustainable socio-economic growth through waqf development projects. Nonetheless, in order to strategically perform in project collaboration for sustainability, strong commitment from IFIs and SIRCs is needed. Findings - A significantly positive relationship was discovered between the independent variables (affective commitment, normative commitment, and continuous commitment) and organisational sustainability. Novelty – The paper concludes with an assumption of the readiness of both organisations in effectively developing waqf projects, along with several recommendations for future studies in further contributing to the success of waqf development which will contribute to organisational sustainability. Type of Paper - Empirical. Keywords: G20, G21, G29. JEL Classification: Islamic Financial Institutions; State Islamic Religious Councils; Strategic Collaboration; Sustainability; Value Based Intermediation. DOI: https://doi.org/10.35609/jfbr.2019.4.1(4)