Overview And Conceptual Issues Of Non-Interest Banking In Nigeria,
2011
Central Bank of Nigeria
Overview And Conceptual Issues Of Non-Interest Banking In Nigeria, B. A. Umar
Bullion
This paper examines the role of non-interest banking in national development. The paper is divided into five sections, the first section contains the introduction, section 2 has the conceptual framework, section three gives non-interest bonking in Nigeria and section four concludes the paper.
The Role Of Non-Interest Banking In National Economic Development,
2011
University of Ilorin, Kwara
The Role Of Non-Interest Banking In National Economic Development, Hakeem Ishola Mobolaji
Bullion
The paper examines non-interest Banking model that operates devoid of interest in lending, financing, deposit-taking and all forms of financial intermediation. Hence, the bank becomes an important financial institution for enhancing growth and development in an economy. The article is divided into five section, the first being the introduction, section two contains the conceptual framework, three highlights non-interest banking in Nigeria and four concludes the paper.
The Legal And Regulatory Framework For Non-Interest Banking In Nigeria,
2011
Central Bank of Nigeria
The Legal And Regulatory Framework For Non-Interest Banking In Nigeria, A. Atta
Bullion
Non-interest bonking is one of the aspects of Islamic finance. Islamic finance distinguishes itself from conventional finance through its compliance with the principles of Islamic commercial jurisprudence. This paper examines the legal and regulatory framework for non-interest banking in Nigeria. First the paper explored the global development of non-interest banking and goes further to highlight why would non-interest banking be beneficial for Nigeria?; In identifying this, the paper highlighted the main contracts that would be used for transactions which include: Profit sharing agreements, Joint venture agreements, Purchase and resole contracts, investment Certificates, insurance; the current legal and regulatory framework and …
Research On The Impact Of Container Freight Derivatives On Shipping,
2011
World Maritime University
Research On The Impact Of Container Freight Derivatives On Shipping, Zhenle Shen
World Maritime University Dissertations
No abstract provided.
Research On Capacity Development Plan Of Wenzhou Shipping Company,
2011
World Maritime University
Research On Capacity Development Plan Of Wenzhou Shipping Company, Xinlei Chen
World Maritime University Dissertations
No abstract provided.
Study On Ship Investment Risk : Uo Company As An Example,
2011
World Maritime University
Study On Ship Investment Risk : Uo Company As An Example, Yichen Chen
World Maritime University Dissertations
No abstract provided.
Process Optimization In Freight Forwarding Industry,
2011
World Maritime University
Process Optimization In Freight Forwarding Industry, Xiaohua Shi
World Maritime University Dissertations
No abstract provided.
An Investigation Of Shipping Derivatives Based On Risk Evaluation,
2011
World Maritime University
An Investigation Of Shipping Derivatives Based On Risk Evaluation, Sheng Yang
World Maritime University Dissertations
No abstract provided.
The Application Of Portfolio Theory In Shipping Assets And Business For Shipping Company,
2011
World Maritime University
The Application Of Portfolio Theory In Shipping Assets And Business For Shipping Company, Ying Zheng
World Maritime University Dissertations
No abstract provided.
Liner Shipping Lane Planning From Shanghai Port To Guangzhou Port Of Shanghai Baoyin Shipping Co., Ltd,
2011
World Maritime University
Liner Shipping Lane Planning From Shanghai Port To Guangzhou Port Of Shanghai Baoyin Shipping Co., Ltd, Zhujun Zhou
World Maritime University Dissertations
No abstract provided.
An Improved Test For Statistical Arbitrage,
2011
Cornell University
An Improved Test For Statistical Arbitrage, Robert Jarrow, Melvyn Teo, Yiu Kuen Tse, Mitch Warachka
Business Faculty Articles and Research
We improve upon the power of the statistical arbitrage test in Hogan, Jarrow, Teo, and Warachka (2004). Our methodology also allows for the evaluation of return anomalies under weaker assumptions. We then compare strategies based on their convergence rates to arbitrage and identify strategies whose probability of a loss declines to zero most rapidly. These strategies are preferred by investors with finite horizons or limited capital. After controlling for market frictions and examining convergence rates to arbitrage, we find that momentum and value strategies offer the most desirable trading opportunities.
Building Structured Products: Like Manufacturing A Complex, Abstract Car,
2011
Singapore Management University
Building Structured Products: Like Manufacturing A Complex, Abstract Car, Singapore Management University
Perspectives@SMU
What are structured products, and how do they fit in with clients' needs and the banks' range of services? Experts from Standard Chartered Bank's (SCB) structuring business provided their take at SMU's Lee Kong Chian School of Business Public Lecture.
Building Structured Products: Like Manufacturing A Complex, Abstract Car,
2011
Singapore Management University
Building Structured Products: Like Manufacturing A Complex, Abstract Car, Knowledge@Smu
Knowledge@SMU
The inner workings of structured financial products and the structured products industry might seem complicated to outsiders looking in. After all, regulatory restrictions, quantitative financial modelling, and foreign exchange options are not exactly universally understood commonplace terms. Industry insiders at a Lee Kong Chian School of Business Public Lecture say, however, that an appreciation for this seemingly complex domain is more about attitude than aptitude.
Three Essays On Opacity, Corporate Governance, And Credit Ratings,
2011
University of Arkansas, Fayetteville
Three Essays On Opacity, Corporate Governance, And Credit Ratings, Yiwen Gu
Graduate Theses and Dissertations
In the first essay, utilizing a more recent and expanded 20-year sample 1991-2010 of dual-rated bonds issued, I confirm Morgan's (2002) finding that banks are relatively more opaque than nonbanks. The likelihood of a rating split is higher, and the magnitude of the rating gap is larger, for banks than nonnbanks. Moreover, rating agency disagreements are more significant for banks with relatively higher loan and trading securities holdings and maintain lower capital, and for banks engaged in mortgage securitization. Importantly, I find that rating agency disagreements reflect market proxies of information uncertainty. Further, opacity makes external financing more costly. Equity …
Effects Of National Culture On Earnings Quality Of Banks,
2011
Singapore Management University
Effects Of National Culture On Earnings Quality Of Banks, Chee Yeow Lim, Kanagaretnam Kiridaran, Gerald J. Lobo
Research Collection School Of Accountancy
We examine the relation between four dimensions of national culture and earnings quality of banks using a sample of banks from 39 countries. Our main analysis, which focuses on the pre-financial crisis period 1993–2006, indicates that banks in high individualism, high masculinity, and low uncertainty avoidance societies manage earnings to just-meet-or-beat the prior year's earnings. In tests of income smoothing through loan loss provisions, we find that banks in high individualism, high power distance, and low uncertainty avoidance societies report smoother earnings. Our exploratory analysis of the effects of national culture on accounting outcomes during the financial crisis period 2007–2008 …
On The Acceleration Of Explicit Finite Difference Methods For Option Pricing,
2011
Technological University Dublin
On The Acceleration Of Explicit Finite Difference Methods For Option Pricing, Stephen O'Sullivan, Conall O'Sullivan
Articles
Implicit finite difference methods are conventionally preferred over their explicit counterparts for the numerical valuation of options. In large part the reason for this is a severe stability constraint known as the Courant–Friedrichs–Lewy (CFL) condition which limits the latter class’s efficiency. Implicit methods, however, are difficult to implement for all but the most simple of pricing models, whereas explicit techniques are easily adapted to complex problems. For the first time in a financial context, we present an acceleration technique, applicable to explicit finite difference schemes describing diffusive processes with symmetric evolution operators, called Super-Time-Stepping. We show that this method can …
Credit Fluctuations And Lodging Firms: An Investigation Of The Differing Capital Structures In The Us Lodging Industry,
2011
University of Nevada, Las Vegas
Credit Fluctuations And Lodging Firms: An Investigation Of The Differing Capital Structures In The Us Lodging Industry, Dipendra Singh
UNLV Theses, Dissertations, Professional Papers, and Capstones
This study empirically investigates the effect of credit availability and firm size on the leverage of lodging industry in United States using a 3 X 2 factorial Multivariate Analysis of Variance (MANOVA). Three time points of differing credit availability (Low, High, and Average) were identified using Case-Shiller home price index. Leverage, Net Leverage, and Short-to-Long-Term debt ratios of large and small US lodging firms were analyzed at these differing credit availability time points to assess any significant differences. Specifically, this study attempts to find whether there is an interaction effect of credit availability and firm size on the leverage of …
Development Of A Sustainable Water Resource Financing Mathematical Model For Donors And End-Users,
2011
University of Nevada, Las Vegas
Development Of A Sustainable Water Resource Financing Mathematical Model For Donors And End-Users, Sahar Zavareh
UNLV Theses, Dissertations, Professional Papers, and Capstones
Rural villages and underdeveloped communities represent the largest group challenged by poor water supply and sanitation with inequalities in resources to adequately implement potential solutions and even more with their high risk level of financing, funding is particularly challenging for water projects. Innovative financing alone will not eliminate the burdens of rural villages and underdeveloped communities. The purpose of this thesis is to address the lack of sustainable water financing of water projects in rural areas using a novel framework of a mathematical model based on "system dynamics" using optimal feedback control theory to maximize the performance of a water …
Financial Capital And Startup Survival,
2011
Singapore Management University
Financial Capital And Startup Survival, Jeongsik Lee, Wei Zhang
Research Collection Lee Kong Chian School Of Business
Are entrepreneurs liquidity-constrained? We attempt to answer this question by investigating the impact of financial capital on startup survival. The analysis of about 5,000 startups from the Kauffman Firm Survey data shows that, controlling for human capital, having some type of financial capital increases survival chances, supporting the existence of liquidity constraints. Interestingly, however, the effects are not uniform across types of capital: securing loans is associated with higher survival likelihood but receiving equity investments shortens startup longevity. Accounting for the endogeneity in financing using the Inverse Probability Treatment Weighted (IPTW) estimation reveals that the negative effect of equity capital …
Acquisitions Driven By Stock Overvaluation: Are They Good Deals?,
2011
Singapore Management University
Acquisitions Driven By Stock Overvaluation: Are They Good Deals?, Fangjian Fu, Leming Lin, Micah Officer
Research Collection Lee Kong Chian School Of Business
Overvaluation may motivate a firm to use its stock to acquire a target whose stock is not as overpriced (Shleifer and Vishny (2003)). Though hypothetically desirable, these acquisitions in practice create little, if any, value for acquirer shareholders. Two factors often impede value creation: payment of a large premium to the target and lack of economic synergies in the acquisition. We find that overvaluationdriven stock acquirers suffer worse operating performance and lower long-run stock returns than control firms that are in the same industry, similarly overvalued at the same time, have similar size and Tobin’s q, but have not pursued …
