Social and Behavioral Sciences Commons^™

Lobbying – A Financial Perspective, Sean Byrne

Theses and Dissertations

U.S. based bank holding companies (BHCs) exert influence at every step in the legislative process where financial regulatory reforms are enacted into law, such as the Dodd-Frank Act, to promulgation of regulations. In Chapter II, we maintain that BHCs, upon facing salient regulation, lobby regulators to have their opinions heard with the goal of favorable regulatory change and to increase non-traditional revenues. We undertook a novel collection of political and financial data from 2003 to 2018, matching 180 pairs of parsed proposed and final regulations. BHCs that participated in commenting on proposed rules are highly successful at having their views …

Somalia’S State Institutions’ Administrative Capacity Building In Education, Health, Judiciary Services, And The Central Bank, Asad Aliweyd

School of Business Student Theses and Dissertations

Aiweyd, A. (2023). Somalia’s State Institutions’ Administrative Capacity Building in Education, Health, Judiciary Services, and the Central Bank.

Since independence in 1960, Somalia has experienced sustained clan conflict, political challenges, prolonged civil war, and famine, severely hindering the development and maintenance of a stable federal government. Research on state-building in Somalia has focused on conflict resolution, civil war, piracy, and state failure. Further research is needed on building administrative capacity in Somalia to help develop well-functioning and stable government institutions. Administrative capacity involves the ability of governments to manage human, physical, financial, and informational resources to deliver on objectives …

Workplace Gender Gap: Generational Differences In The Narrative Of Women In The Banking Industry, Carly S. Riehle

Theses and Dissertations

This qualitative study gathered stories from four generations of women in banking to observe how the gender gap has changed over time through their personal experiences and to determine if there is a new story that can be told about the closing of the gender gap for at least one industry. The study included 36 women from 15 different banks across most regions in the United States. The 60-minute interviews covered 20 questions. Participant answers were coded and analyzed, yielding several themes. The study found that all four generations of women in banking agree there have been substantial improvements to …

Three Chapters On Investments And Financial Institutions, Cao Fang

Graduate Theses and Dissertations

Only the stock selection (“alpha”) decisions of fund managers who trade on firm-specific information should have predictive return content. Faced with the same information, skilled fund managers make similar stock selection decisions. In Chapter one, we introduce a new measure - stock investment quality - which uses fund quality to weight asymmetries in private information reflected in deviations of fund from peer group ownership on stocks in a style segment. We show stocks ranked high on investment quality generate significantly higher excess returns that persist through the ensuing year. The positive investment quality–future return relationship is robust to alternative fund …

The Effects Of Consumer Loan Application Formats And Advertised Terms On Consumer Borrowing Decisions, Alicia M. Johnson

Graduate Theses and Dissertations

Consumers continue to demonstrate a willingness to accrue more debt. They are also more accepting of increased repayment risk via the acceptance of longer loan terms. Extant research on consumer borrowing consists primarily of experiments designed to assess consumer choices and understand how consumers evaluate loan attributes in relation to one another within consumer borrowing contexts (Kamleitner, Hoelzl, and Kirchler 2012; Ranyard et al., 2006). Thus, prior research examines consumer responses to loan information rather than the generation of loan parameters at the time of financing. With important implications for consumers, marketers of financial products, academic researchers, and federal regulators, …

Reconciling Conflicting Institutional Logics: Community Reinvestment Officers At The Intersection Of Public Policy And Market Forces, Meredith Mckee Adkins

Graduate Theses and Dissertations

Although the public policy literature has traditionally focused on public sector agencies’ roles in the policy implementation process, private sector managers who oversee regulatory mandates for their organizations are also policy actors. These actors operate between multiple conflicting field-level institutional logics that create demands that they must reconcile through their work. In the banking sector, the Community Reinvestment Act (CRA), enacted in 1977, and its associated policies are monitored by the banking regulatory agencies and implemented by the senior managers responsible for these mandates at regulated financial institutions. Simultaneously with their responsibility for the policy mission of the CRA, CRA …

Altering Overdraft Fee Policies To Promote Consumer Financial Health, Nadia Barbarawi

Finance Undergraduate Honors Theses

The objective of this study is to describe the traditional overdraft practices, explain the reaction of the banking industry from the pressure coming from consumers, regulators, and innovative companies to reduce or eliminate overdraft fees to promote consumer financial health.

Finance And Economic Performance Across Countries, Monika Islam Khan

Theses and Dissertations--Economics

My dissertation consists of three papers on finance and economic performance across countries. The first paper applies the gravity model of international trade to quantify the impact of the banking sector and the stock market on bilateral trade patterns. Following the study of capital structure, I evaluate the mix of external financing sources used for real investment at the macroeconomic level by differentiating between the relative roles of the banking sector and stock market development in determining trade patterns. Using aggregate bilateral trade data for 87 countries over 1976-2012, I find that stock market development has a substantial impact on …

Innovations In Money And Banking Markets, Eduardo Guimaraes Minuci

Graduate Theses, Dissertations, and Problem Reports

The U.S. banking industry has experienced several technological and banking regulatory changes in the past two decades. This dissertation is composed of three papers that review and investigate how these banking and technological innovations have impacted depositors, bank provision of monetary assets, and bank performance. The order in which the papers are presented follows the order in which they were produced as the production of one paper helped spark ideas that led to the next.

Motivated by the fact that money has become more heterogeneous in terms of its returns, Chapter 1 focus on innovations in money markets by focusing …

Determinantes De La Demanda Del Microcrédito En Colombia, Juan Carlos Rocha Roa

Economía

El microcrédito ha evolucionado progresivamente dentro del mercado financiero colombiano durante los últimos diez años, dando a la población de menores recursos y que no cuenta con historial crediticio ni garantías financieras la posibilidad de acceder a créditos de bajo valor, generando un proceso de inclusión financiera dentro del país, los microcréditos han tenido como fin el consumo, el emprendimiento y los procesos productivos para las familias y empresas. El aumento en la oferta y la demanda de estos créditos ha generado nuevos retos para los bancos cooperativas y ONG’S que buscan mitigar los riesgos operativos, comerciales y de control, …

In Search Of Work-Life Balance: Organizational And Economic Challenges Confronting Women In Banking And Management Consulting Firms In Southwest Nigeria, Oluwafisayo Ogundoro

Electronic Theses and Dissertations

Married women in the banking and management consulting firms in Nigeria encounter challenges that affect their commitment to their families while working long hours in demanding jobs. This study explores the challenges married women encounter and the impacts they have on women’s family lives, social lives, and health. I analyze primary and secondary sources to understand how organizational work culture such as long working hours, work competitiveness, and Nigeria’s unstable economy negatively affect the work-life balance of married women in banking and management consulting firms. Although participants shared the belief that their workplaces practiced “equality,” their descriptions of daily life …

Toward A More Universal Currency: The Impact Of The Clearing Mechanism On Developing Economies, Evan Ross Kaderbeck

Applied Economics Theses

Toward a More Universal Currency:

The Impact of the Clearing Mechanism on Developing Economies

As part of a broader plan to reform the system of international finance, experts have indicated the need to modify the system of international money. They point to problems such as the difficulties faced by developing countries in obtaining hard currency needed for imports, or the flows of hot money which make the financing of long-term development projects difficult. Some have called for a form of universal currency, used only in international trade. Developing nations especially need access to a clearing mechanism which would eliminate the …

Banking Efficiency Within The World’S Largest Banks: Application Of Data Envelopment Analysis To The Global Financial Crisis Of 2008, Devin Coffey

Honors Theses

The world’s financial system is one of the globe’s most powerful structures, however the institutions that make up this network of banking firms are certainly not immune to the pressures of market globalization and technical innovation that drive change within the financial landscape. In order to exist within such an environment, the world’s largest commercial banks must constantly reevaluate the ways in which they function in order keep pace in the competitive market. The objective of this paper is to examine the efficiency of ten of the world’s largest commercial banks during the period spanning from 2006 to 2015. Utilizing …

Breaking Cycles Through Targeted Financial Literacy Education For Fifth- Through Eighth-Grade Students, Tonja Custis Brickhouse

Walden Dissertations and Doctoral Studies

Financial literacy education continues to be a deficiency in the U.S. education system because it is not included in most school curricula, and little is known about the efficacy of the school district programs that do include it. A former Federal Reserve Chairman identified the lack of financial literacy as a national problem, and the National Financial Educators Council described it as the #1 problem in the current generation. Using Berger and Luckmann's conceptualization of social construction as the theoretical framework, the purpose of this study was to explore how access to financial literacy education is perceived by fifth- through …

Model Specification For Bank Failure: A Retrospective Look At Banks In Missouri During The Great Depression, Peter Welch

CMC Senior Theses

This paper examines banks in Missouri during the Great Depression in order to find the correct model specification for bank failure during economic downturns. The data set controls for a bank’s balance sheet, correspondent network, charters and memberships, county characteristics, and market share, and includes both Federal Reserve member and non-member banks. Using a probit model, it is concluded that the contractionary monetary policy employed by the St. Louis Federal Reserve did not help bank survival, as being a member of the Federal Reserve had no significant effect on a bank’s probability of survival. Additionally, while an increased network led …

The Effects Of The Correspondent Banking Network On The Real Economy, Jack Brown

CMC Senior Theses

There is a longstanding academic debate regarding the role of financial networks. There is a tradeoff between improving the flow of funds and acting as a channel for contagion. This paper investigates the impact of banking networks on the real economy during the Great Depression. Building permit values are used as a proxy for real economic activity as implemented in previous research. A simple linear regression model estimated by ordinary least squares is used such that locational networks are differentiated from networks links to money centers and non-money centers. The results demonstrate that financial networks have both positive and negative …

Multinationals In Emerging Markets: A Test Case Of The Banking Industry In India, Havovi Joshi

Dissertations and Theses Collection

Multinational firms play a significant role in the world economy, accounting for over 30% of the world stock market value. In the past decade or two, these firms have demonstrated a renewed wave of interest in the Emerging Asian markets. This is not surprising, given the attractive demographics, growing middle class and leapfrogging technology of these markets. But the optimism of these western firms heading eastward often gets quickly subdued by the realisation that these emerging Asian markets are far more complex—or at the very least, different—than western ones. They are more volatile, there is frequently a lack of institutional …

New Regionalism In Global Order: Regional Trade Integration And Its Links With Financial Sector, Tulu Balkir

Graduate Program in International Studies Theses & Dissertations

This dissertation evaluates the linkages of regional trade integration with regional financial integration and financial development in the EU and the ASEAN. The research utilizes quantitative and qualitative data to analyze development of banking sector and capital markets in these two regions, reviews related integration initiatives in the EU and ASEAN banking sectors and capital markets and their possible links with regional trade. The results mainly indicate that banking sector and capital markets perform important functions to provide financing to firms and infrastructure projects, to hedge trade and project risks and to support macro-financial stability, all of which can support …

Financial Deregulation, Income Inequality, And Partisan Politics From The Great War To The Great Recession, Eric Reed Keller

Doctoral Dissertations

This study examines how financial deregulation and partisan politics shaped American market-based income distribution from 1914 to 2012 through a process called market conditioning. By using time-series data analysis, I access the effect of legislative and bureaucratic financial deregulation on market-based income concentration for the very wealthy. Then, I use process-tracing to determine why both political parties converged in the 1980s to support financial deregulation. I find financial deregulation does increase market-based income for top income earners, especially the top .01 percent. In addition, I determine that both parties were captured by neoliberal economic ideology and through the bureaucracy, …

Essays On The Financial Crisis, Financial Regulation, And Banks, Danielle Zanzalari

All Dissertations

The conventional wisdom was that the Capital Purchase Program (CPP), under the Troubled Asset Relief Program (TARP), would benefit large banks over small sized banks, magnifying the claim that banks were 'Too Big to Fail'. In my first chapter, I examine whether investors react differently to important news regarding the CPP, depending on the asset size of banks. Using returns to common stock shareholders, I analyze the CPP announcement, bank capital infusions, and repayments and find that large banks, regardless of whether or not they entered into the CPP program and received capital, had large and significant returns at the …

Los Procesos De Bancarización Y Su Alcance En El Desarrollo Humano: Un Análisis Para Los Países De La Alianza Del Pacifico 2007 2012, Jorge Armando Moreno Agudelo, Víctor David Bonilla Najar

Finanzas y Comercio Internacional

El actual documento presenta una revisión teórica del fenómeno de bancarización como herramienta institucional público - privada para fomentar la inclusión financiera en las personas habitantes de los países miembros de la alianza pacifico (Colombia, Chile, Perú y México), se desarrollan los principales programas nacionales que buscan que un mayor número de personas accedan al sistema financiero, lo conozcan y usen sus servicios buscando mejorar su calidad de vida medida a través del índice de desarrollo humano (IDH), compuesto por educación, ingreso y esperanza de vida, la hipótesis fundamental del trabajo afirma que una masificación geográfica de la banca comercial …

The “Other” Side Of Wall Street: Banking, Policies, And Adaptive Methods Of U.S. Migrant Workers, Cassandra Rae Decker

USF Tampa Graduate Theses and Dissertations

Migrant farmworkers' social and economic mobility is frequently constrained through the denial of basic resources, such as access to the formal financial sector. This thesis ethnographically examines banking policies as they apply to low-income, mobile, populations that temporarily reside in Florida. It utilizes participant observation, interviews, and participatory mapping with migrant farmworkers. It also considers how policymakers and service providers in the formal and informal financial sectors rationalize control of resources and the effects on mobile populations. Particular attention is paid to adaptive practices in the alternative financial sector – cash checking services, carrying cash, and remittances. By utilizing the …

Corporate Social Responsibility In The Nigerian Banking Sector, Cecily Joy Adeleke

Walden Dissertations and Doctoral Studies

Corporate social responsibility is presently defined by the World Business Council of Sustainable Development as persistent commitment by businesses to behave ethically and contribute to economic development while also increasing the quality of life of employees, their families, and the community. Guided by Freeman's stakeholder theory, this study examined the relationship between corporate social responsibility and the Nigerian bankers' reported satisfaction with the Nigerian banking sector. Survey data were collected from a convenience sample of 99 Nigerian bankers, including branch managers, zonal managers, tellers, marketers, and investors. A single-stage sampling procedure was used to elicit their satisfaction with the Nigerian …

Determinants Of The Profitability Of The U.S. Banking Industry During The Financial Crisis, Shiang Liu

All Theses

This research focuses on the determinants of the profitability of the US banking industry during the financial crisis. The analysis focuses on both internal and external variables regarding the profitability of banking sector, including bank-specific variables, industry-specific variables and macro economy variables. Data over the period 2007-2012 for 8677 US banks is derived from the Federal Deposit Insurance Corporation, Nasdaq Stock Market and Federal Reserve Bank. Fixed effect panel model are used to analyze the estimator and the significance of the determinants of the profitability. In this study, I test the nonlinear relationship between profitability and capital adequacy ratio and …

The Federal Banking Regulators: Agency Capture, Regulatory Failure, And Industry Collapse During The 2008 Financial Crisis, Justin Rex

Wayne State University Dissertations

This dissertation examines the process of agency capture at four federal bank regulatory agencies leading up to the 2008 financial crisis: the Federal Deposit Insurance Corporation, the Federal Reserve, The Office of the Comptroller of the Currency, and The Office of Thrift Supervision. Though public administration and policy scholars have moved away from capture theory toward a more pluralistic understanding of agency policymaking, recent events like the Gulf oil spill, coal mining disasters, and the 2008 financial crisis have renewed attention to the role lax regulation plays in disasters and crises. As such, I set out to explore whether banks …

Monetary Effervescence: A Sociological Theory Of Religion Applied To Money, David J. Worley

Electronic Theses and Dissertations

This project attempts to answer the question "What holds the construction of money together?" by asserting that it is money's religious nature which provides the moral compulsion for people to use, and continue to uphold, money as a socially constructed concept. This project is primarily descriptive and focuses on the religious nature of money by employing a sociological theory of religion in viewing money as a technical concept. This is an interdisciplinary work between religious studies, economics, and sociology and draws heavily from Emile Durkheim's The Elementary Forms of Religious Life as well as work related to heterodox theories of …

The Role Of Islamic Banking In Economic Growth, Katherine Johnson

CMC Senior Theses

Islamic banking is currently one of the fastest growing segments of the financial market industry, operating in over 75 countries through 300 institutions. While past literature has established the development of financial institutions as a determinant of economic growth, research on the correlation of the diffusion of Islamic banking with economic growth is limited. This study seeks to add to the literature by empirically analyzing the economic growth determinative power of Islamic banks. Confirming past research, Muslim prevalence in a population is found to be the most significant determinant of the diffusion of Islamic banks. Using this exogenous instrument in …

The Impact Of Business Elite Cohesion On Public Policy Alternatives : A Comparative Examination Of Banking And Telecommunication Legislation In The 1930s And 1990s, Geoffrey Lee Wood

Legacy Theses & Dissertations (2009 - 2024)

ABSTRACT

The Response Of Commercial Banks To Credit Stimuli, Denise Williams Streeter

Theses and Dissertations in Business Administration

This dissertation calls upon the theory of financial intermediation (Diamond and Dybvig, 1983) and the credit channel theory of monetary policy effectiveness (Bernanke and Gertler, 1995) to show how commercial banks responded to the trillions of dollars of innovations to stimulate the credit markets during the 2008 global financial crisis. Specifically, loan-level data is used to conduct univariate, regression, and event-study analyses to address the research question of, "Did United States- and European Union-based commercial banks respond to credit stimuli with increased commercial lending during the stimulus period of October 1, 2007 through September 30, 2011 when compared to the …

The Sources Of Financial Profit: A Theoretical And Empirical Investigation Of The Transformation Of Banking In The Us, Iren G. Levina

Open Access Dissertations

The last thirty years in the US have been characterized by rising financial profits as a share of total profits and the growth of banking activities yielding non-interest income. These developments pose two questions. First, what are the social relations enabling and sustaining financial profits and what are their macroeconomic sources? Second, what do these trends imply for the nature of banking and what kind of theory of banking can capture them? This study addresses these questions and makes four contributions. First, a Marxist theory of banking is developed to capture the transformation of banking drawing on two characteristics: first, …