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The aim of this study is to identify the economic impacts on G7 banking industry when sovereign rating is revised. We used event study methodology (t-statistics) and found that sovereign rating changes significantly affect share market prices. It seems that there is information leakage prior to...
Persistent link: https://www.econbiz.de/10012016809
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What was termed government-guided merger was a unique banking sector reform implemented in 2002 by the central bank of Malaysia guiding a larger number of depository institutions to form 10 large banks. This paper identifies the factors entering this massive merger exercise. Similar to the...
Persistent link: https://www.econbiz.de/10013004432
This paper measures and compares the cost, revenue and profit efficiency of 43 Islamic and 37 conventional banks over the period 1990-2005 in 21 countries using Data Envelopment Analysis. It assesses the average and overtime efficiency of those banks based on their size, age, and region using...
Persistent link: https://www.econbiz.de/10012922065
What was termed government-guided merger was a unique banking sector reform implemented in 2002 by the central bank of Malaysia guiding a larger number of depository institutions to form 10 large banks. This paper identifies the factors entering this massive merger exercise. Similar to the...
Persistent link: https://www.econbiz.de/10010937184
Persistent link: https://www.econbiz.de/10008629553
Persistent link: https://www.econbiz.de/10008629560
This paper reports new findings for the first time on bank efficiency over the pre- and post-IMF-restructuring periods for East Asia using the DEA and regression models. Bank closures that followed the IMF interventions are economically justified; but mergers and acquisitions experience short-term...
Persistent link: https://www.econbiz.de/10008642072
A brief review of recent literature on corporate governance is provided, which is then concluded with a proposed corporate governance framework as a starting point for further development. We propose that it is stakeholder concentration that determines the quality of corporate governance. Next...
Persistent link: https://www.econbiz.de/10008642075
We report new findings on bank efficiency in East Asian countries for the preand post-IMF restructuring periods. We find that bank efficiency has improved, but only to the pre-IMF intervention level, and that restructured banks are not more efficient than their unrestructured counterparts....
Persistent link: https://www.econbiz.de/10008642077