Banks’ external financing costs and the bank lending channel: Results from a SVAR analysis

We analyze the dynamic response of banks’ financing costs to structural, macroeconomic shocks, which we identify by imposing combinations of zero and sign restrictions on impulse responses. For the estimation we combine US bank balance sheet data from the Call reports with macroeconomic aggregates over the period from 1984Q1 to 2007Q3. We find that banks’ financing costs mainly respond to monetary policy and aggregate demand shocks. Furthermore, funding costs of undercapitalized and illiquid banks increase more strongly after a contractionary monetary policy shock as compared to better capitalized and more liquid banks. These results provide support for the view that banks’ financing costs represent an important element of the bank lending channel.     

An investigation of cultural cohesion in a community bank

This study examines the culture of a medium-sized community bank based in the Western United States. The study aims to identify the organization's culture and then measure the level of cultural cohesion that exists three years after a major cultural campaign was launched. The cultural characteristics the organization valued most highly were integrity, willingness to serve the customer and teamwork - all components of the official bank document on culture. Interestingly, the analysis uncovered some significant value differences among different employee groups and also employees and management; differences which can affect firm performance levels. The analysis also revealed that changing the culture in an organization does not necessarily lead to cultural cohesion.     

Towards a strategic model of employment reform in developing countries: explaining and remedying experience to date

The article argues for the importance of employment reform as a subject for international HRM scholarship. Employment reform has been one of the most significant, but also most neglected, recent initiatives in international HRM. Explanations by the World Bank and IMF for the poorer than expected outcomes of reform to date emphasize the importance of political commitment. They are compared with explanations for the similarly poor outcomes of downsizing in industrialized country organizations, which emphasize strategy, diagnosis, incrementalism and provision for retrenchees. Further clarification is provided by the results of field interviews in Ghana, Malaysia, South Africa, Sri Lanka, Uganda and the UK. The article argues for a strategic approach to employment reform, one based on diagnosis and drawing on HRM expertise. It should take account of process factors in reform, make provision for the 'victims' of reform, loosen the link between employment reform and pay reform, and refine the role of donors in supporting reform. HRM practitioners and scholars have an important contribution to make to developing a new approach.     

商业银行监管与腐败关系研究

政府是商业银行监管的重要力量。本文讨论了监管权力与监管效率的关系,通过模型和数据的分析,指出监管部门的权力必须得到约束,并应进一步完善监管部门的行政架构和激励制度。另外,加强市场监管和促进信息披露对于完善监管体系具有重要意义。     

我国商业银行利率敏感性缺口分析

金融自由化的迅猛发展使得中国银行业正面临着严峻的利率风险,识别和衡量利率风险并提升国内商业银行的利率风险管理能力,是我国商业银行利率风险管理面临的迫切问题。本文针对目前我国商业银行在利率市场化进程中所表现出来的特征,以中国工商银行为例通过利率敏感性缺口的方法实证分析我国商业银行目前所处的风险状态,并给出利率风险的防范和规避措施。     

民营银行并购国有银行的动机、成本与风险探析

当前,在世界范围内特别是在发展中国家,掀起了一股民营银行并购国有银行的浪潮。这种并购容易产生现金流风险、信息不对称风险、政策诱导性风险、管理效率风险、并购失败风险。民营银行应通过以下措施和方法将风险消除,从而实现并购成功:结合银行实际,选用适合自身发展的并购方式;努力消除信息不对称;优化决策程序;妥善处理好与政府的关系。     

Corporate governance and efficiency in banking: evidence from emerging economies

ABSTRACT

This article investigates the impact of corporate governance on bank efficiency across a sample of 139 commercial banks from 17 countries of Central and Eastern Europe during the period 2005–2012. Data on governance characteristics are hand-collected from banks’ reports. The empirical findings indicate that implementing rigorous corporate governance structures is associated with higher costs for banks and a lower level of efficiency. However, during the crisis, a tight governance mechanism significantly increases banks’ cost and technical efficiencies. We also show that prudent risk management is associated with both higher cost and technical efficiency for more capitalized banks, while rigid supervisory boards are linked with greater technical efficiency for more capitalized banks.     

世界银行监察组的作用及其实践研究

随着世界银行的活动范围不断扩大,它通过贷款的形式参与成员国国内的社会经济建设,影响了成员国平民百姓的生活。如果平民百姓的生活受到不利影响,世界银行就得承担责任,监督世界银行承担责任的监察组就应运而生。世行是在我国许多地区有着重要贷款业务的国际金融组织。它的监察组的监督作用对我国利用世行的贷款有着直接而且重要的影响。     

加强商业银行市场营销组织建设构想

在西方发达国家,商业银行市场营销理论的发展与实践为商业银行赢得市场竞争做出了巨大的贡献.应当借鉴西方商业银行营销组织模式,分析我国商业银行营销组织的现状以及存在问题的原因,制定商业银行营销组织建设的对策.     

浅析国有商业银行不良贷款资产证券化

本文在分析了我国国有商业银行不良资产以及证券化的现状的基础上,通过对国有银行不良贷款资产证券化的可行性分析,为我国国有商业银行不良资产证券化提供了相应的政策建议。