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1.
Ana-Maria Fuertes Shelagh Heffernan Elena Kalotychou 《Journal of Financial Services Research》2010,37(2-3):99-130
This paper explores the interest rate transmission mechanism using a broad disaggregated sample of UK deposit and credit products. For a large proportion of rates the adjustment speed is time-varying, switching among four regimes according to the direction of the policy rate and its effect on the disequilibrium gap. In general, this sign asymmetry implies faster adjustment to the long run path when the policy rate revision widens the gap. There is evidence of curvature in the catch-up effect towards equilibrium, namely, large gaps entail a disproportionately faster correction although mainly for deposits. The size of the policy rate change also impacts the adjustment speed. The notable heterogeneity found across financial institutions/products regarding the presence of these nonlinear patterns raises important questions on how to assess the effectiveness of monetary policy. The cross-section heterogeneity uncovered can be explained to some extent by diversification, profit volatility, product range, market concentration and menu costs. 相似文献
2.
Shelagh A. Heffernan 《Journal of International Money and Finance》1985,4(3):389-413
Tis paper develops a general model of the demand and supply of loans made to the public sector of a third-world country. Its objective is to identify the critical variables of demand and supply and to discuss the current international financial situation within this framework. On the supply side, these loans are treated as part of an optimal portfolio decision while the demand for external loans by a lesser developed country is based on a life-cycle hypothesis of development. After conditions for market equilibrium are established, credit rationing, instability, and default probabilities are discussed. 相似文献
3.
Malcolm J. Beynon Margaret Heffernan Aoife M. McDermott 《International Journal of Intelligent Systems in Accounting, Finance & Management》2012,19(4):247-273
The psychological contract refers to an individual employee's belief in mutual obligations between them and their employer. Psychological contracts are a key management concern, as they can impact employees' attitudes and behaviors in ways that influence organizational efficiency and effectiveness. In this paper, we analyse the relationship between the psychological contract and facets of job satisfaction among non‐profit sector employees, using the nascent non‐hierarchical evidential c‐means (ECM) clustering technique. To date, this technique has been theoretically discussed but not widely applied. Based on the Dempster–Shafer theory of evidence, ECM is novel in facilitating the assignment of objects, not only to single clusters, but to sets of clusters, and no clusters (outliers). The paper compares the theoretical underpinnings and findings from ECM with those of three other well‐known clustering techniques, namely (1) the hierarchical Ward's method, (2) the non‐hierarchical crisp k‐means and (3) the non‐hierarchical fuzzy c‐means approaches. We present and interpret the cluster solutions from each clustering technique. We establish three clusters differentiated by the content of the employees' psychological contracts. These clusters are validated by considering their relationship with facets of job satisfaction, to ensure the clusters are theoretically meaningful. Comparisons of the findings from each technique: (1) provide insights into the relationship between the psychological contract and job satisfaction; (2) reveal what ECM encompasses, relative to other clustering techniques; (3) inform the selection of an appropriate clustering technique for a specific research problem; and (4) demonstrate potential future directions in the development of cluster analysis. Copyright © 2012 John Wiley & Sons, Ltd. 相似文献
4.
Stephen Wilkins Muhammad Mohsin Butt Troy Heffernan 《Journal of Strategic Marketing》2018,26(7):551-567
This study investigates whether firms that are evaluating potential partners might benefit from considering how consumers view these organisations, specifically the extent to which consumer identification with local and foreign partners influences consumer satisfaction with a co-branded product and consumers’ post purchase/consumption supportive intentions towards each partner. Data came from institutions of higher education in Hong Kong and Sri Lanka that operate in collaboration with a foreign partner. A conceptual model was developed and then tested using structural equation modelling. Dual consumer–organisation identification was found to be a significant predictor of consumer satisfaction with the co-branded product and consumers’ supportive intentions towards each partner. Furthermore, the perceived identity attractiveness of each partner was significantly related to the consumers’ identification with each partner. The results suggest that organisations which indulge in collaborative arrangements with foreign firms should recognise that each partner plays a significant and distinct role in generating consumer satisfaction and positive post-purchase/consumption behaviours. 相似文献
5.
This study employs a national survey of over 1100 British financial firms to ascertain the determinants of financial innovation and their sales success using the logit and the generalized Tobit models. We find that the likelihood of financial innovation rises with the size of financial firms, employee education, greater expenditure on research and development, the availability of finance and the extent to which firms cooperate with each other. Perceptions of economic risk and innovation costs are also influential. R&D, cooperation and human capital are the main variables driving the success of financial innovation, measured by the percentage share of innovations sold. Firms in London/the south have a significantly greater tendency to innovate, though Scotland also does well. Stock broking, fund management and related activities are more innovative than firms in the financial intermediation and pension/insurance sectors. 相似文献
6.
Shelagh A. Heffernan 《Journal of Financial Services Research》1993,7(4):309-332
This article employs British cross-section time-series data to examine the competitive behavior of retail banks in the period 1985–1989. Product offerings are found to consist of both survivor and dominated products over time. In addition, there is evidence of price discrimination being practiced by banks. Individual banks are found to be influential in the setting of interest rates for retail bank products, though there is wide variation across banks and products. 相似文献
7.
Path Dependence,Behavioral Rules,and the Role of Entrepreneurship in Economic Change: The Case of the Automobile Industry 总被引:4,自引:0,他引:4
This paper develops a complementary theory of path dependence based on rigidity resulting from the choice of management system within the firm. Rules-following behavior introduces rigidity which can lead to inefficient path dependence within a firm. Entrepreneurial alertness, in a crisis, can prevent lock-in from occurring since it leads people to alter perceptions and change behavior. An empirical look at the automobile industry explores the idea of rules-following behavior inducing path dependence development and the potential for change despite inefficient path dependent behavior. 相似文献
8.
Meredith Tharapos Konrad Peszynski Kwok Hung Lau Margaret Heffernan Gillian Vesty Aida Ghalebeigi 《Accounting & Finance》2023,63(3):3173-3192
We investigate the influence of unanticipated prolonged disruption on effective teaching, student engagement and student satisfaction during campus lockdown due to COVID-19. Qualitative comments provided by undergraduate business students in the university end-of-semester survey were analysed using a variety of methods, including sentiment analysis. Our findings indicate that effective teaching through the characteristics of the instructor, can lead to enhanced student engagement and higher levels of student satisfaction in an emergency remote teaching environment. Our findings highlight the critical role of the instructor in providing cognitive and affective support to students, along with clear communication, during times of substantial change. 相似文献
9.
Shelagh Heffernan 《International Journal of the Economics of Business》1994,1(3):323-338
This paper employs cross-section continuous time series data to examine competition in the Canadian personal finance sector for the period 1987–90. Using a generalised linear pricing model, firm entry is found to be significant in the setting of deposit and mortgage rates, suggesting the presence an incontestable market structure consistent with Cournot oligopoly. There is also evidence of price-making behaviour and relative bargainlripoff products. For three of the four products studied, a ‘fifth column’ consisting of the 12 major banks and trust companies best explain pricing in these markets 相似文献
10.