Resolving the deposit dilemma: A new DEA bank efficiency model

One of the weaknesses of current bank efficiency models is a disagreement as to the role of deposits in the bank production process. Some models view deposits as an input, while others view them as an output. Such disparity of approaches results in inconsistent efficiency estimates. In this study we propose an alternative Data Envelopment Analysis (DEA) bank efficiency model that treats deposits as an intermediate product, thus emphasizing the dual role of deposits in the bank production process. Consequently, the effect of the amount of deposits on bank efficiency depends on the efficiency at both stages of the bank production process. The main advantage of our model is that it does not require a researcher to make a judgment call as to whether having more (production approach) or less (intermediation approach) deposits is “better” for bank efficiency. Our unified framework has the potential to produce more consistent efficiency estimates.     

银行软件测试工作量分析和评估方法

作为一个新兴的职业,银行软件测试融合了银行业务和软件测试两个职业的知识体系,在国内银行业越来越受到更多的重视,测试队伍也在不断地发展壮大。目前．国内大型商业银行都有自己专职的测试队伍。     

关于打造县域领军银行的思考

中国农业银行确立了面向"三农"的市场定位和县域蓝海战略,提出了打造县域领军银行的目标.从县域领军银行的概念入手,提出了县域领军银行的标准,介绍了农业银行打造县域领军银行的相关政策,着重探讨了如何打造县域领军银行的策略和途径.     

The real effects of bank distress: Evidence from bank bailouts in Germany

How does bank distress impact their customers' probability of default and trade credit availability? We address this question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance sheets. We find that a distressed bank bailout, which is subject to restructuring and deleveraging conditions, leads to a bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and ultimately firms' sales. We further find that the direction and magnitude of the effects depends on firm quality and the relationship orientation of banks.     

Foreign bank entry,deregulation and bank efficiency: Lessons from the Australian experience

This study considers the impact of foreign bank entry on banking efficiency in Australia during the post-deregulation period 1988–2001. Using Data Envelopment Analysis, Malmquist Indices and stochastic frontier analysis, we find foreign banks more efficient than domestic banks, which however did not result in superior profits. Major Australian banks have used size as a barrier to entry to new entrants. Furthermore, bank efficiency has increased post-deregulation and the competition resulting from diversity in bank types was important to prompt efficiency improvements. Finally, the recession of the early 1990s resulted in a distinct shift in the process of efficiency changes.     

银行家银行：体制创新的媒介

随着中国加入WTO的双边谈判基本结束和多边程序的启动，中国“入世”仅剩下最后的程序安排阶段。面对即将进入WTO，我国金融业尤其是中资银行，究竟在多大的程度上能与外资银行进行等量级的竞争，也已成为金融界广泛关注的一个焦点。尽管在去年中美关于中国加入WTO谈判的协议条款规定，中国金融业的开放安排在五年内分两步进行，但中资银行迄今为止，在过渡期内如何更迅速地推进以市场化为目标的改革，以利最大限度地维持可能的高超占有率方面，所作的准备恐怕仍然很多。     

交通银行发展网络银行的战略思考

一、交通银行网络竞争环境和条件分析 目前,我国已有中国工商银行、中国农业银行、中国银行、中国建设银行、交通银行、招商银行等相继建立网络银行、推出金融服务.这些银行网站大致可分为三类:第一类网站,是内容信息和服务都比较完备的招商银行、中国银行、交通银行网站.     

Independence in bank governance structure: Empirical evidence of effects on bank risk and performance

We investigate how different governance arrangements affect risk and return in banks. Using a new data set for UK banks over the period 2003–2012, we employ a simultaneous equations framework to control for the reciprocal relationship between risk and return. We show that separation of the roles of CEO and Chairman increases bank risk without causing a concurrent increase in return. We also find that oversight by a Remuneration Committee and Non-Executive Directors (NEDs) lowers the probability of bank failure, indicating that empowering an independent Chairman has different effects from empowering independent NEDs. Overall, our results underline the importance of accounting for the heterogeneity in corporate governance arrangements within banks.     

Evaluation under the bank merger act of 1960 of the competitive factors involved in bank mergers : The regulatory agencies compared

The decisions and the advisories on competitive factors involved in bank mergers for the years 1964, 1966, and 1968 are used to study the differing attitudes of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Attorney General toward bank mergers. The size of the resulting bank, the share of the relevant market, whether or not the agency is deciding or advising on the case, are considered as explanatory elements. The factors mentioned in their assessments by the agencies, categorized as structural, behavioral, and protectionist, are also examined. Structural considerations are least important to the Comptroller, most important to the Attorney General, while behavioral considerations are most important to the Comptroller. In general, the study reveals substantial variation in the attitudes of the four agencies.     

银行数据中心核心网络构建探析

银行的网络一般是基于TCP/IP的层级互联的、可多级互通的、覆盖全行所有机构的内联网系统,它由总行、省分行、市分行、县支行四级局域网和用于各级局域网互联的三级广域网构成。银行数据中心作为全行业务处理的中心和数据服务的中心,     

兴业银行：中国首家绿色银行

兴业银行不是中国银行业的老大，但是他们却率先公开承诺采纳赤道原则，成为中国第一家“绿色银行”。此举标志着该行在引入国际先进模式，加强环境和社会风险管理，推进科学、可持续发展方面走在了国内商业银行的最前列     

Understanding the rise and decline of the Japanese main bank system: The changing effects of bank rent extraction

This paper shows how main bank rent extraction affects corporate decisions about investment and financing during financial regulatory reform. Our model predicts that limited loanable funds can initially contain main bank controlled overinvestment, even when new equity is available to the firm. Abundant funds facilitate overinvestment to the detriment of firm profitability. A shift of control rights back to the firm due to financial deregulation produces an “equity for upside potential and bank debt for downside risk” bias against the banks. A stock market and real estate boom in Japan made it harder than ever for the banks to diversify risk. The insights from this analysis help explain why Japan’s main bank system was beneficial in the (capital constrained) postwar period but became harmful during the (capital abundant and even bubbly) 1980s, and why the adverse shocks of the post-deregulation 1990s had such severe effects on the banking system.     

Institutional investors and bank governance: An international analysis of bank earnings management

Despite the growing importance of institutional investors in global capital markets and the link between bank earnings management and financial crash risk, little is known about the role of institutional investors in mitigating bank earnings management. We conduct the first international analysis of this issue using a broad sample of banks and institutional investors. We find a negative relation between institutional ownership and bank earnings management, after controlling for the stringency of a country's bank regulations and other relevant bank and country characteristics. Additionally, institutional ownership is more negatively related to earnings management in countries with more-stringent bank disclosure requirements or when ownership is held by domestic rather than foreign institutional investors. Institutional ownership is also more negatively related to earnings management in countries in which insiders extract more private benefits or when ownership is held by institutional blockholders. Our findings have important policy implications regarding institutional investors' engagement with banks.     

Financial credit and social discredit: the pawnbroking dilemma

Researching, and therefore marketing, ‘unmentionable’ products has always been challenging. Pawnbroking, the act of offering a loan secured by the pledge of an item of value, fits within this domain; its use is stigmatised, despite dating back centuries and enjoying high levels of user satisfaction. This study explores perceptions of pawnbroking and recommends marketing tactics to reframe it as a ‘mentionable’ credit option, allowing the sector to benefit from increased flow of information. This research uses qualitative methods to explore perceptions of pawnbroking, identifying beliefs, attitudes and barriers to use through depth interviews with non-users. The results reveal minimal understanding of the pawnbroking process, with latent stigma and stereotyping reinforced by media sources. Social pressures, emanating from the negative perception of users and perceptions of important social groups, are influential in participants’ decisions to disassociate themselves from even the possibility of pawnbroker usage. The managerial implications are that pawnbrokers should emphasise the advantages of financial credit and minimise those of social discredit. Social marketing campaigns should target current perceptions of pawnbroking and encourage informed trial amongst a broader section of society.