Internal Marketing in the UK Retail Banking Sector: Rhetoric or Reality

The article sheds light on the relationship between internal marketing rhetoric and its practice within the UK retail bank sector and addresses a deficiency in the current internal marketing literature particularly in terms of implementation. A practitioner view is explored through data generated by in-depth qualitative interviews with thirty-five branch managers and twenty-one employees. The study produced some interesting findings structured in the form of relationships which highlighted the distinct nature of the internal marketing practice within the specific sector. This article sheds light on the six emergent relationships. The examination of the relationship between the rhetoric and practice of internal marketing within the UK retail bank industry raises some criticisms regarding the motives behind the adoption of internal marketing and the current implementation approach adopted by these organizations. The study’s conclusions can be used as an outline agenda for future research aimed at strengthening internal marketing’s legitimacy in the academic literature and highlighting its contribution to practitioners.     

货币市场基金对银行业的冲击与挑战

银行业作为间接融资的主渠道 ,在金融体系中具有举足轻重的地位。然而 ,由于货币市场基金的出现 ,打破了银行业在货币市场上的绝对优势地位。随着我国货币市场基金面市步伐的加快 ,对传统银行业提出了挑战并推动了银行业的创新     

银行市场结构国外研究述评

作为货币政策"信用观"之一的银行信贷渠道理论强调银行信贷资金的可贷性.国外学者对金融结构与货币政策传导机制的研究(如银行信贷渠道的存在性、地位及银行部门的角色等问题)存在很大差异.虽然这些研究多以西方国家完善的银行体系和资本市场体系为背景,但对于中国这样转型国家的货币政策制定实施也具有重要启示意义.     

Salaries and promotion opportunities in the English banking industry, 1890–1936: a rejoinder

The article is a rejoinder to Andrew J. Seltzer's article, published in Business History in August 2010, which critiqued an article published in May 2008 on the topic of clerical salaries in London, 1870–1914. It examines trends in salaries and promotions of branch clerks at the London, County and Westminster Bank and at the National Provincial Bank, and focuses on the London area for the period 1880–1913. It argues that salaries increased between 1880 and 1895 and then declined from 1895 to 1913. Adjusting for tenure and inflation, salaries were approximately at the same level in 1913 as they were in 1880. It also examines the relationship between tenure and salary, linking both to the rise of internal labour markets in Britain's large retail banks.     

我国银行业有效监管的瓶颈与对策——以"中国银行监督管理委员会"为视角的分析

中国银监会的成立是我国金融监管机制步向专业化与法治化的一个重要举措.然而,从目前央行与银监会的实际职能来考察,这种分设的模式并没有使中国的银行业监管走向专业性、高效率性与更有效性,也没有真正解决央行原有的双重角色冲突问题,只是使原有的内部冲突外部化;同时,由于银监会的弱势,中国银行业监管的有效性正潜伏着可能失灵的危机.     

Bank Performance and Credit Availability in the Bulgarian Banking Sector, 1997-2001

Abstract

The 1997 financial crisis wiped out 30% of the Bulgarian banking sector and created severe strains on corporations. With the establishment of the currency board in 1997 and the new Banking Law, which set the legal framework for proper bank supervision, major Bulgarian banks were rapidly privatized through sales to foreigners, now controlling around 80% of bank assets. Since 1997, the Bulgarian banking sector has recovered from the crisis by improving its profitability and efficiency and adopted a legal framework compatible with the European Union standards. Based on a regression analysis of bank balance sheets and income statements, this paper shows that low level of credit volume during 1997-1999 derived from banks' cautious stance towards credit making reflecting both the ongoing risks in the real sector, and the stringent new banking regulations. Large banks, however, benefited from scale economies in improving profitability in the same period.     

论反垄断视野下美国银行业相关市场的界定——兼评美国的经验、反思及启示

准确界定相关市场对反垄断法在银行业的有效实施具有非常重要的意义。由于垄断力的判断必须在特定的市场范围内进行考察才有意义,如果相关市场界定不准确,就会对判断经营者的市场份额高低造成影响,直接关系到反垄断法能否适用的问题。相关市场必须根据行业的特点来界定,同时还应根据变化的情况及时进行修正,特别是在银行业经历较大变革时期。美国在长期的反垄断实践中积累了很多经验,也有很多教训,值得我们深思和借鉴。     

Travel agency employees' career commitment and turnover intention during the recent global economic crisis

One hundred and eighty-four travel agency employees in South Korea participated in this study to examine (1) the effect of career commitment (CC) on employee turnover and (2) the moderating effect of job insecurity on the relationship between CC and turnover intention. This study was conducted during the recent global economic crisis and found that the participants of this study had a tendency to stay in their organization even though they felt insecure at work while having high CC. Managerial implications on career development and commitment of travel agency employees were discussed on the basis of the results of this study.     

银行跨国并购对效率影响:理论研究与欧洲实践

银行跨国并购成为第五次并购浪潮的热点。通过研究可以发现 ,尽管银行跨国并购具有产生巨大效率收益的潜力 ,但并购后的业绩提高却是有限的。通过对欧洲银行跨国并购的研究 ,发现利润效率得到了局部的有限提高 ,但成本效率却没有表现出什么明显的提高 ,     

Preference for a career in retailing: a question of personality

Drawing on previous findings from the field of brand personality research and employer branding, this paper aims to explore the symbolic attributes of the retail industry image in South Africa and to identify those personality traits that distinguish preferred industries from the retail industry. The research provides a contemporary overview of the current image of the retail industry in South Africa from the perspective of young university students and allows retailers to strengthen their joint communication effort accordingly. Therefore, a quantitative survey study with 1426 participants from five South African universities was conducted. Participants assessed personality characteristics of the retail industry as well as their most preferred industry. The main results suggest that retail and non-retail students hold different personality perceptions of the retail industry and that prior retail involvement accounts for this difference to some extent. Moreover, the analysis shows that retailing performs significantly worse on those personality attributes that are of major importance for future job seekers. Additionally, the study identifies those attributes that exert a strong effect on students’ preferences for the retail industry. The findings provide useful communication themes for educational institutions, retail companies, and industry associations in order to foster positive personality perceptions associated with the retail industry.     

市场竞争、银行信贷与上市公司商业信用

商业信用是企业特别是受到信贷约束的中小私有企业获得外部融资的一种重要方式。利用2004—2008年中国制造业上市公司数据,分析市场竞争与银行贷款对上市公司商业信用的影响。结果显示:市场竞争和应收账款正相关,和应付账款负相关;随着银行贷款的增加,企业的应收和应付账款都有所增加。     

Patterns and Determinants of Entry in Rural County Banking Markets

In this paper I consider 115 rural markets in the USA, and both describe and explain patterns of bank and thrift entry over the past 10 years, with particular interest in the decisions of top bank holding companies to enter rural markets and the influence their presence has on entry of smaller banking institutions. The paper explores several dimensions of entry and competition in rural banking markets. In terms of explaining both numbers of banks across markets and gross and net entry within markets, market size and its growth seem to be major factors, consistent with recent literature. The role of leading bank holding companies is found to be important in stimulating entry of smaller rivals. This result is consistent with earlier work suggesting that merger and acquisition activity tends to stimulate de novo entry, while also with the view that large firm presence may be a signal to potential entrants of future growth prospects in the market.

新巴塞尔协议下的操作风险与我国银行业的应对策略

作为创新之一,新巴塞尔协议首次将操作风险纳入了银行资本计量与监管的范围,并对其概念与计量标准作了界定。在深入分析操作风险的内涵和特征的基础上,阐述了操作风险主要计量方法的内容及其适用性,并针对我国操作风险管理的实际情况,从构建责权明晰的风险管理架构,推进高级风险计量模型开发等方面提出了具体对策与建议。     

中国银行业竞争与稳定关系研究

根据1993～2008年间的数据对我国银行业竞争与稳定之间关系的分析,分别运用Z值和勒纳指数衡量银行业的稳定和竞争程度,结果表明：我国银行业的稳定性和竞争程度在样本期内均呈现出波动变化的特征,竞争与风险之间呈现出U型关系,即在初期银行竞争有助于稳定性的增强,而随着竞争程度的进一步上升稳定性有所下降。     

Banking Competition and SMEs Bank Financing. Evidence from the Italian Provinces

This work investigates whether local differences in banking competition impact on the amount of bank debt used by Italian small and medium sized manufacturing firms. Sample selection and Double Hurdle models are adopted as the process, which results in the choice of bank financing may differ from that determining its amount. Our main finding is that more competitive banking markets seem to be associated with relatively higher usage of bank debt by less transparent firms. On the other hand, a higher banking competition seems to have no effect on the probability of receiving bank loans.

论美国银行并购反垄断的相关市场界定

银行并购中相关市场的界定是对其进行反垄断规制的前提,也是其中难点和最具争议的方面。目前银行并购反垄断中的相关地区市场仍然沿用“本地市场”假设．但对相关产品市场的界定有逐渐脱离“群服务”假设,而分离为各个单独的商业线的趋势。美国相关市场的界定及其变化对中国建立自身的银行并购反垄断规制政策具有重要的参考价值。     

The rise of the machines: Capital imports and real manufacturing wages in 57 nations

Outward-oriented policy reform has attracted a large number of academics to the study of the trade-labour market nexus. One of these fields has focused on capital intensive (machinery) imports and its effect on manufacturing wages. The skill-enhancing-trade (SET) hypothesis was put forth to explain a potential relationship where an inflow of capital imports results in increased demand for skilled labour and decreased that of unskilled labour, and thus resulted in a rise in skilled wages and a decrease in their unskilled counterparts. This study revisits this hypothesis with a panel from the manufacturing sector of 57 nations. We improve upon previous studies in a number of ways. We add developed nations to the sample and examine capital imports from rich countries as well as the rest of the world. This takes into account the prominence of vertical production networks in international trade. We adhere closely to the neo-classical trade model and employ definitions of skilled and unskilled workers that capture the production process of particular items. Finally, we fit a robust dynamic panel data model that accounts for the endogeneity of the determinants of trade and wages. In this way we test whether the SET hypothesis is generally applicable as opposed to previous studies which use an ad hoc selection of countries and variables. We find that the SET hypothesis is not driving changes in manufacturing wages. Instead, worker productivity and GDP per capita explain these labour market outcomes.     

中国商业银行的竞争、垄断与管制——关于中国银行业的SCP分析框架

本文用传统的SCP分析框架对中国银行业进行分析 ,发现其寡占的市场结构、不经济的市场行为和低下的市场绩效之间并非存在着必然的因果关系 ,究其根本的原因主要是中国银行业存在着行政干预 ,因此 ,应进一步放开准入和利率的管制。     

Technical Efficiency of the Ghanaian Banking Industry and the Effects of the Entry of Foreign Banks

The effects of the entry of foreign banks and changes in bank concentration on the technical efficiency of domestic banks in Ghana over the period 2000–2008 is analyzed. Technical efficiency scores were obtained by the Data Envelopment Analysis. Then, the Tobit regression was used to analyze the impact of hypothesized explanatory variables on bank efficiency. Foreign bank share of total industry assets was used to proxy the impact of foreign banks. The findings suggest that efficiency of domestic banks has been positively affected by the entry of foreign banks and reduction in concentration. Thus, the central bank's policy of liberalizing the banking sector appears to be well placed.