Business Commons^™

Communicating In Markets: Is It Worthy To Be Wordy?, Singapore Management University

Perspectives@SMU

In the midst of on-going discussions around complex financial concepts, it is perhaps time to step back and look at the importance of communication, said David G Fernandez, head of JP Morgan’s Emerging Asia Research team, at the Sim Kee Boon Institute for Financial Economics (SKBI) Annual Conference. He notes the importance for policy makers to communicate with market participants in light of the increase in volatility and tail risks in financial markets

The Effects Of Bank Capital Constraints On Post-Acquisition Performance, Chris Brune, Kevin Lee, Scott Miller

Articles

Researchers have shown that capital constrained firms make better acquisition decisions. However, the literature on bank mergers and acquisitions is silent on this issue. We investigate whether banks constrained by capital requirements make better acquisition decisions than non-constrained banks. We also examine the characteristics of acquisitions to identify the determinants of positive post-acquisition performance. While there are few capital constrained banks that make acquisitions, those that do demonstrate better post-acquisition performance than their nonconstrained counterparts. On average, capital constrained banks pay a lower premium for their target and favor cash over equity financing. We also find that capital constrained banks …

Migrant Remittances, Financial Sector Development And The Government Ownership Of Banks: Evidence From A Group Of Non-Oecd Economies, Arusha Cooray

Faculty of Commerce - Papers (Archive)

This study investigates the influence of migrant remittances on two dimensions of the financial sector, namely, size and efficiency in a sample of 94 non-OECD economies. Evidence suggests that migrant remittances contribute to increasing the size and efficiency of the financial sector. The study, in addition, examines the impact of remittances on financial sector size and efficiency through their interaction with the government ownership of banks. The results suggest that remittances lead to larger increases in financial sector size in countries in which the government ownership of banks is lower, and increases in efficiency in countries in which the government …

Australian Banks Performance During The Global Financial Crisis: An Analysis On The Efficiency And Productivity, Shima Hassan Zadeh Forughi, Anura De Zoysa

Faculty of Business - Papers (Archive)

The banking industry plays a crucial role in the financial system and economic development of any country. Thus, the evaluation of its efficiency is of great importance. The present thesis analyses the impact of different phases of the recent banking crisis on Australian banks with a view to identifying problem areas in the banking sector and to provide directions for policy improvements.

A multiple-stage approach based on Data Envelopment Analysis (DEA) is utilized in this study to investigate the level of efficiency and productivity of the Australian banks over a 7 year period. This analysis consists of the following five …