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In general, conglomeration leads to diversification of risk (the diversification benefit) and a decrease in shareholder … value (the conglomerate discount). Diversification benefits in financial conglomerates are typically derived without … contribute to the literature on this topic by comparing the diversification effect in conglomerates with and without accounting …
Persistent link: https://www.econbiz.de/10013127536
Countries differ on the extent to which their financial system relies on banks or on the financial market. We offer a …
Persistent link: https://www.econbiz.de/10011492076
The Financial Sector Reforms Commission (FSLRC) which was set up in 2011 by the Ministry of Finance was mandated to study existing legislation and financial sector regulatory practices in India and to propose improvements. The FSLRC submitted its report in 2013 and four of its members recorded...
Persistent link: https://www.econbiz.de/10011483647
In January 2007 the International Monetary Fund (IMF) published, on an ad hoc basis, a series of financial soundness indicators (FSIs) based on a common methodology (the IMF compilation Guide) for 62 countries, including all 27 European Union countries. The European Central Bank (ECB), jointly...
Persistent link: https://www.econbiz.de/10011639817
This paper analyzes the causal relationship between institutional diversity in domestic banking sectors and bank stability. We use a large bank- and country-level unbalanced panel data set covering the EU member states' banking sectors between 1998 and 2014. Constructing two distinct indicators...
Persistent link: https://www.econbiz.de/10012215264
Interest in the role of diversity in banking sectors has increased substantially since the financial crisis (and the subsequent sovereign debt crises) have hit European countries differentially. The purpose of this note is to hint at crucial research gaps in terms of appreciating consequences of...
Persistent link: https://www.econbiz.de/10012153580
Sri Lanka has achieved a high level of financial inclusion compared to other South Asian countries. Its financial sector comprises a wide range of financial institutions providing financial services such as loans, savings, pawning, leasing and finance, and remittance and money transfer...
Persistent link: https://www.econbiz.de/10010433496
Financial inclusion is a prerequisite to economic development. This has been echoed by international as well as national bodies. Studies have shown that financial exclusion has its roots in social exclusion. This indicates the depth and importance of financial inclusion in creating inclusive...
Persistent link: https://www.econbiz.de/10009741551
This paper explores the advantages of a new financial charter for large, complex, internationally active financial institutions that would address the corporate governance challenges of such organizations, including incentive problems in risk decisions and the complicated corporate and...
Persistent link: https://www.econbiz.de/10008657240
Area banks in a ‘green' and a ‘brown' scenario. We find that direct and indirect exposures to climate …, the portion of banks' loan portfolios exposed to these sectors is comparable to banks' capital. Our results suggest that …
Persistent link: https://www.econbiz.de/10012855741