Download or read book Corporate Governance and Its Implications on Accounting and Finance written by Alqatan, Ahmad and published by IGI Global. This book was released on 2020-09-25 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the global financial crisis, the topic of corporate governance has been gaining momentum in accounting and finance literature since it may influence firm and bank management in many countries. Corporate Governance and Its Implications on Accounting and Finance provides emerging research exploring the implications of a good corporate governance system after global financial crises. Corporate governance mechanisms may include board and audit committee characteristics, ownership structure, and internal and external auditing. This book is devoted to all topics dealing with corporate governance including corporate governance characteristics, board diversity, CSR, big data governance, bitcoin governance, IT governance, and governance disclosure, and is ideally designed for executives, BODs, financial analysts, government officials, researchers, policymakers, academicians, and students.

Download or read book Impact of Ownership Structure on Performance of Banks written by Khadija Ashfaq and published by . This book was released on 2018-09-22 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Bovernance and Bank Valuation written by Gerard Caprio and published by World Bank Publications. This book was released on 2003 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Which public policies and ownership structures enhance the governance of banks? This paper constructs a new database on the ownership of banks internationally and then assesses the ramifications of ownership, shareholder protection laws, and supervisory/regulatory policies on bank valuations. Except in a few countries with very strong shareholder protection laws, banks are not widely held, but rather families or the State tend to control banks. We find that (i) larger cash flow rights by the controlling owner boosts valuations, (ii) stronger shareholder protection laws increase valuations, and (iii) greater cash flow rights mitigate the adverse effects of weak shareholder protection laws on bank valuations. These results are consistent with the views that expropriation of minority shareholders is important internationally, that laws can restrain this expropriation, and concentrated cash flow rights represent an important mechanism for governing banks. Finally, the evidence does not support the view that empowering official supervisory and regulatory agencies will increase the market valuation of banks"--NBER website

Download or read book Determinants of Commercial Bank Interest Margins and Profitability written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1998 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: March 1998 Differences in interest margins reflect differences in bank characteristics, macroeconomic conditions, existing financial structure and taxation, regulation, and other institutional factors. Using bank data for 80 countries for 1988-95, Demirgüç-Kunt and Huizinga show that differences in interest margins and bank profitability reflect various determinants: * Bank characteristics. * Macroeconomic conditions. * Explicit and implicit bank taxes. * Regulation of deposit insurance. * General financial structure. * Several underlying legal and institutional indicators. Controlling for differences in bank activity, leverage, and the macroeconomic environment, they find (among other things) that: * Banks in countries with a more competitive banking sector-where banking assets constitute a larger share of GDP-have smaller margins and are less profitable. The bank concentration ratio also affects bank profitability; larger banks tend to have higher margins. * Well-capitalized banks have higher net interest margins and are more profitable. This is consistent with the fact that banks with higher capital ratios have a lower cost of funding because of lower prospective bankruptcy costs. * Differences in a bank's activity mix affect spread and profitability. Banks with relatively high noninterest-earning assets are less profitable. Also, banks that rely largely on deposits for their funding are less profitable, as deposits require more branching and other expenses. Similarly, variations in overhead and other operating costs are reflected in variations in bank interest margins, as banks pass their operating costs (including the corporate tax burden) on to their depositors and lenders. * In developing countries foreign banks have greater margins and profits than domestic banks. In industrial countries, the opposite is true. * Macroeconomic factors also explain variation in interest margins. Inflation is associated with higher realized interest margins and greater profitability. Inflation brings higher costs-more transactions and generally more extensive branch networks-and also more income from bank float. Bank income increases more with inflation than bank costs do. * There is evidence that the corporate tax burden is fully passed on to bank customers in poor and rich countries alike. * Legal and institutional differences matter. Indicators of better contract enforcement, efficiency in the legal system, and lack of corruption are associated with lower realized interest margins and lower profitability. This paper-a product of the Development Research Group-is part of a larger effort in the group to study bank efficiency.

Download or read book Ownership Structure Effects on Financial Performance written by Temesgen Kabeta, Manduku Daniel Ogwoka, Damaris W. W. Muhika, Zulekha Ndurukia, Fredrick Kiprop Lagat and published by AJPO Journals USA LLC. This book was released on 2023-02-08 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: TOPICS IN THE BOOK Review of Microfinance and Women Empowerment in Ethiopia Influence of Ethical Investor Relations on the Financial Performance of Listed Firms in Kenya Influence of Tax Compliance Requirement on Formalizing Small and Medium Enterprises in Kenya The Determinants of Demand for Micro Insurance Services in Kenya Effects of the Ownership Structure on the Relationship between Risk Management Practices and Financial Performance of Financial Institutions in Kenya

Download or read book Ownership Structure and Bank Performance in EU 15 Countries written by Carlo Migliardo and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this paper is to investigate the impact of ownership structure on bank performance in EU-15 countries. Specifically, it examines to what extent shareholder type and the degree of shareholder concentration affect the banks' profitability, risk and technical efficiency.Design/methodology/approachThis study uses a sample of 1,459 banks operating in EU-15 countries from 2011 to 2015. It constructs a set of continuous variables capturing the ownership nature, the concentration and their interactions, and estimates an instrumental variable random effect (IV-RE) model. In addition, a panel data stochastic frontier analysis is conducted to estimate the time-varying technical efficiency for profitability and costs.FindingsThe empirical analysis shows that bank performance is affected by shareholder type. When regressed against the entrenchment behavior of the controlling owner hypothesis, banks with large-block shareholders are more profitable, less risky and more profit efficient. Further, ownership concentration reverts the negative effect related to the institutional, bank and industry ownership.Research limitations/implicationsThe results support the hypothesis that concentrated ownership helps to overcome agency problems. They also confirm that managerial involvement in banks' capital enhances a bank's profit and its volatility.Originality/valueTo the best of the authors' knowledge, this is the first study to consider the ownership nature, the concentration and their interaction using continuous variables, which allows for more precise inferences. The results provide new evidence that bank profitability, cost efficiency and risk are affected by the type of direct shareholders.

Download or read book Bank Ownership written by Robert Cull and published by International Monetary Fund. This book was released on 2017-03-22 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents recent trends in bank ownership across countries and summarizes the evidence regarding the implications of bank ownership structure for bank performance and competition, financial stability, and access to finance. The evidence reviewed suggests that foreign-owned banks are more efficient than domestic banks in developing countries, promote competition in host banking sectors, and help stabilize credit when host countries face idiosyncratic shocks. But there are tradeoffs, since foreign-owned banks can transmit external shocks and might not always expand access to credit. The record on the impact of government bank ownership suggests few benefits, especially for developing countries.

Download or read book The Impact of Ownership Structure on the Performance and Risk Exposure of European Banks During the Financial Crisis written by Fiona Hickey and published by . This book was released on 2017 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The External Control of Organizations written by Jeffrey Pfeffer and published by Stanford University Press. This book was released on 2003 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work explores how external constraints affect organizations and provides insights for designing and managing organizations to mitigate these constraints. All organizations are dependent on the environment for their survival. It contends that it is the fact of the organization's dependence on the environment that makes the external constraint and control of organizational behaviour both possible and almost inevitable. Organizations can either try to change their environments through political means or form interorganizational relationships to control or absorb uncertainty.

Download or read book The Effect of Changes in Ownership Structure on Performance written by Rebel A. Cole and published by . This book was released on 1996 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Advances in Financial Economics written by Kose John and published by Emerald Group Publishing. This book was released on 2013-12-18 with total page 269 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in Financial Economics Vol. 16 contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives.

Download or read book Impact of Ownership Structure on Domestic Bank Performance in China written by A. J. Tupaz and published by . This book was released on 2006 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Banks Ownership Structure Risk and Performance written by Romulo Magalhaes and published by . This book was released on 2011 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper studies empirically the effect of ownership concentration on the risk and performance of commercial banks, controlling for shareholders protection laws, bank regulations, and other country and bank specific traits. The sample used comprises 795 banks of 47 countries, in the period from 1997 to 2007. Our main finding is the existence of a cubic relationship between ownership concentration and bank performance. Such evidence is supportive of theoretical hypotheses of effective monitoring at low levels of ownership concentration, expropriation or losses connected to managerial discretion at moderate ownership concentration, and high costs of expropriation at high levels of ownership concentration. We also find that ownership concentration is more important to increase the performance of banks with low concentrated ownership structures, when legal protection of shareholders is low, and that capital regulations stringency is effective in simultaneously reducing risk and improving performance of banks. Regarding bank risk, we find a U-shape relationship between ownership concentration and earnings volatility, supporting that shareholder's incentive to take risk prevails when her equity stake is above a threshold.

Download or read book Corporate Governance Strengthening Latin American Corporate Governance The Role of Institutional Investors written by OECD and published by OECD Publishing. This book was released on 2011-07-01 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report reflects long-term, in-depth discussion and debate by participants in the Latin American Roundtable on Corporate Governance.

Download or read book The Impact of Ownership Structure and Risk Taking on Performance of Malaysian Banks written by Nora Azureen Abdul Rahman and published by . This book was released on 2013 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Impact of Changes in Bank Ownership Structure Around the World written by Alvaro G. Taboada and published by . This book was released on 2008 with total page 141 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Large scale bank privatizations over the last ten years have resulted in vast changes in the ownership structure of banking sectors throughout the world. This dissertation explores both the macro and micro level effects of these changes in bank ownership structure. The first essay explores how changes in bank ownership structure affect capital allocation efficiency within countries. I find that the decline in government ownership of banks by itself does not have any impact on capital allocation efficiency; rather, what matters is whether foreigners or large domestic shareholders acquire the stakes relinquished by the government. Increases in domestic blockholder ownership of banks adversely affect the allocation of capital through increased lending activity to less productive industries, while increased foreign presence improves capital allocation efficiency by directing credit to more productive sectors and to industries that rely more on external financing. In the second essay I explore how changes in bank ownership structure affect the performance of individual banks and the banking sector. The primary contribution of this essay is to examine the role of large domestic blockholders on bank performance. I find that increases in large domestic blockholder ownership of banks are associated with poor subsequent performance in terms of asset quality, profitability, and bank value. In contrast, increases in foreign ownership lead to improvements in profitability and bank value, consistent with prior findings. Government ownership of banks continues to affect bank performance adversely. Finally, increased presence of large domestic blockholders in the banking sector has a positive spillover effect on banking sector asset quality and profitability, while increased foreign presence is no longer associated with improvements in the competitiveness of the banking sector, contrary to what prior studies have found.

Download or read book The Relationship Between Ownership and Performance in the Italian Banking Industry written by and published by . This book was released on 2015 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This work examines the impact of different ownership structures on the performance of Italian banks in a period that goes from 2006 to 2013. After a review of the relevant literature, a quantitative analysis is performed on a sample of 481 institutions and several regression models are employed to isolate the effect of the type of bank - commercial bank, Banca di Credito Cooperativo or Banca Popolare - on different aspects of performance. A first finding is that, coeteris paribus, the "Popolare" form does not have an impact on any form of performance, whereas the "Credito Cooperativo" form has a significant and positive relationship with profitability and asset quality. The same analysis is then performed on two subsamples, 2006-2007 and 2008-2013, in order to verify whether the determinants of performance changed after the latest global financial crisis. I find that in the pre-crisis period the Banche Popolari had, all else being equal, a lower profitability than commercial banks; conversely, in the following six years only the "Credito Cooperativo" ownership structure and the presence of controlling shareholders were positively related to profitability and negatively to asset quality. Hence, the ownership structure is per se a relevant factor to be monitored and regulated.